RTTNews | Sep 27, 2021 10:19AM EDT

10:19 Monday, September 27, 2021 (RTTNews.com) - Shares of Red Cat Holdings Inc. (RCAT) are skyrocketing over 56% Monday morning, after the company announced that its subsidiary, Skypersonic, Inc., a Confined Space drone technology company, has been awarded a five-year contract with NASA to provide drone and rover software, hardware and support for its Simulated Mars mission.

NASA is preparing a series of analog missions that will simulate year-long stays on the surface of Mars, each of which will consist of four crew members living in Mars Dune Alpha, an isolated 1,700 square foot habitat. During the mission, the crew will conduct simulated spacewalks and simulated operations by remote piloting Skypersonic drones and rover in a simulated Martian environment. Skypersonic's Dronebox real-time transoceanic remote piloting platform will drive the piloting of both the drones and the rover.

The stock, which has been trading between $0.54 and $7.75 for the past one year, is currently trading at $3.76, up $1.36 or 56.67%, with trading volume soaring over 105.5 million versus an average volume of 3.39 million shares.

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