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The acting head of DIU says the US is starting from 'basically zero' on cheap drones. The Gauntlet numbers back him up: about 250,000 drones targeted by 2027, Russia expected to build 7.3 million this year, and only 22,320 of a planned 30,000 Gauntlet 1 drones actually ordered.
Read the story →Less than three months after withdrawing an earlier proposal, Red Cat has made a EUR 39.00-a-share cash tender offer for Steyr Motors, the Austrian maker of the diesel that first powered its Variant 7 drone boat, valuing the company at about EUR 205M.
The Pentagon's Drone Dominance Program posted its Gauntlet II leaderboards: Perennial Autonomy won deep strike, Neros won close quarters battle, and roughly 60,000 low-cost drones will be ordered, with per-vendor quantities still unsettled.
U.S. drone stocks extended a sharp run in late June 2026 on reports the Pentagon is weighing equity stakes in domestic makers — the backdrop being a $54.6B FY27 request for the Defense Autonomous Warfare Group, up from a $225M base.
Red Cat Holdings launched the Hellcat small UAS at Eurosatory 2026, a battlefield-refined successor to the Army-fielded Black Widow co-developed with Ukrainian drone operators, featuring a three-camera payload, GPS-denied operation, and 6.8-mile range.
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