11:14 AM EDT, 03/26/2024 (MT Newswires) -- Red Cat Holdings ( RCAT ) said Tuesday it won $2.5 million in new contract awards to provide two NATO allied countries with Teal 2 drone systems, training and accessories.

The company did not identify the clients but said delivery is expected by the end of March.

Red Cat ( RCAT ) said its Teal Drones unit manufactures the Teal 2 drone systems, which are designed to support military operations, public safety organizations and government agencies.