'With Flurry Of FAA Approvals, Drones Are About To Fly Much Farther Over U.S. Skies' - CNBC
Portfolio Pulse from Benzinga Newsdesk
The Federal Aviation Administration (FAA) has granted approval to several drone operators, including Zipline, UPS subsidiary Flight Forward, uAvionix, and Phoenix Air Unmanned, to fly drones beyond the visual line of sight. This is a significant milestone for the U.S. drone industry and will pave the way for other companies to receive streamlined approvals in the future. The new regulations will increase the accessibility and scalability of drone operations in the U.S., allowing for more efficient delivery of goods and services.
September 20, 2023 | 2:27 pm
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While not directly mentioned, AeroVironment (AVAV) could potentially benefit from the FAA's recent approvals for extended drone flights.
Although not directly mentioned in the article, AeroVironment, as a major player in the drone industry, could potentially benefit from the FAA's recent approvals for extended drone flights. This could open up new opportunities for the company and have a positive impact on its stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
AgEagle Aerial Systems (UAVS) could potentially benefit from the FAA's recent approvals for extended drone flights.
Although not directly mentioned in the article, AgEagle Aerial Systems, as a major player in the drone industry, could potentially benefit from the FAA's recent approvals for extended drone flights. This could open up new opportunities for the company and have a positive impact on its stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
UPS subsidiary Flight Forward has received FAA approval to fly drones beyond the visual line of sight, which could enhance its package delivery capabilities.
The FAA approval allows Flight Forward to operate drones beyond the visual line of sight, which could significantly enhance its package delivery capabilities and efficiency. This could potentially lead to increased revenues and a positive impact on UPS's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Vislink Technologies (VISL) could potentially benefit from the FAA's recent approvals for extended drone flights.
Although not directly mentioned in the article, Vislink Technologies, as a major player in the drone industry, could potentially benefit from the FAA's recent approvals for extended drone flights. This could open up new opportunities for the company and have a positive impact on its stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50