Red Cat - Steyr Motors acquisition opens new opportunities in autonomous military boats

Red Cat plans to acquire Steyr Motors for €39 per share. The Steyr stock gains over 19% today. Steyr already supplies engines for Red Cat's autonomous military boats. Blue Ops aims for up to 1,000 boats annually by 2027. Revenue +527%, but a setback in a key US drone program. Red Cat has lost about 74% from its 52-week high. Red Cat Holdings (RCAT) intends to acquire the Austrian specialty engine manufacturer Steyr Motors, thereby accelerating its expansion in autonomous military boats. The fully financed cash offer amounts to €39...