Red Cat Holdings ($RCAT) has entered full-rate production for its drone boats (uncrewed surface vessels) through its Blue Ops expansion, targeting a capacity of 500 to 1,000 units annually. These vessels are priced between $750,000 and $1.5 million each, representing a high-margin product line intended to scale revenue beyond current drone programs. The sentiment is bullish, noting that $RCAT's $1.69 billion valuation may not yet price in the potential of this new sector compared to larger industry peers.