Red Cat slid 4% to $11 after a 21% weekly run as Blue Ops' Havoc partnership disclosed no contract value; Ondas fell 3%. Unusual Machines dropped 7% while Kratos fell just 1%, showing established Pentagon suppliers hold up better than smaller drone pure-plays. Trump's 100% drone tariff proclamation fueled Friday's rally, but a 21-day implementation delay means no revenue impact yet for domestic makers.
The most widely read finance newsletter on Substack isn't published by a bank, it's Doomberg, where 383,000+ readers get the energy and macro analysis the mainstream press misses. 24/7 Wall St. readers save 17% on their first year here. Red Cat (NASDAQ:RCAT) shares are down 4% to $10.65 Monday afternoon, slipping despite a fresh maritime autonomy partnership announcement from the company's Blue Ops division. The pullback follows a scorching run that lifted Red Cat stock 21% for the week through Friday and 40% over the past month.
The move looks like consolidation. Red Cat stock is still up 35% year to date (YTD) and 30% over the past year, and the names that ran hardest on Friday's drone tariff rally are giving back the most today. Red Cat's Blue Ops maritime unit announced a partnership with Havoc, a private developer of all-domain collaborative autonomy.
The companies plan to integrate Havoc's collaborative autonomy software and command-and-control capabilities across multiple Blue Ops uncrewed surface vessels, including the Variant 7 and additional platforms as they are introduced, enabling coordinated multi-vessel operations for U.S. and allied defense customers. The partnership builds on Blue Ops' Modular Open Systems Architecture approach and includes plans to establish operational fleets at Havoc's Rhode Island headquarters and Blue Ops' Florida headquarters for live demonstrations, testing, training and operational evaluation, along with cross-marketing to each company's customer base. Before Doomberg published a word, its team spent long careers in heavy industry, private equity, and the hard sciences.
They take no advertisers and serve no institution — which is why their lateral-thinking coverage of energy, finance, and geopolitics reads nothing like consensus financial media. Doomberg has set aside a discounted rate exclusively for 24/7 Wall St. readers — it isn't available on their main page. Here's the key qualifier.
No financial terms, contract value, or revenue contribution were disclosed. The release describes a framework for technical integration, demonstrations, and joint customer engagement rather than a purchase order. Blue Ops President Barry Hinckley stated the goal is "to build the best small USVs in the world while making it easy to integrate leading technologies from across the U.S. and our allies." The broader catalyst behind today's selling traces to Friday, when President Trump signed a proclamation imposing tariffs of up to 100% on imported drones and unmanned aircraft parts, sending domestic drone names sharply higher.
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