Red Cat Holdings

US defense contractor Red Cat plans to acquire Austrian engine maker Steyr Motors. The move is intended to strengthen its strategy in the business of unmanned military boats, for which Steyr technology is relevant. Completion of the transaction depends on approval from Austrian authorities in Vienna. » More on welt.de

US drone specialist Red Cat has submitted a binding cash offer of €39 per share for Steyr Motors, a premium of 28.9% to the Xetra closing price on 16 October. Major shareholders such as B&C Holding (around 15%) and CEO Julian Cassutti have announced their intention to tender; the acceptance period runs until 18 December 2026. Red Cat aims to complete the deal in the first half of 2027 but requires at least 50% plus one share and several regulatory approvals, so the offer still carries risk. If the takeover fails, the share could fall well below the current offer (indicative pre-offer price level: around €30.25). » More on deraktionaer.de

Red Cat’s stock rose 7.1% premarket after a presidential proclamation imposing tariffs of up to 100% on imported military drones and critical components (main customs effective September 3, 2026). As a US manufacturer of defense drones, Red Cat is likely to gain from the competitive disadvantage of foreign suppliers. The company also reported Q2 2026 revenue up 527% to $20.19 million, reaffirmed its full-year forecast of $150–180 million, and reported cash of $325.6 million; several analysts reiterated buy ratings. » More on de.investing.com