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home / articles / XLY - Amazon's Drone Program To Expand With New FAA Clearance - What's On The Move? | Benzinga


XLY - Amazon's Drone Program To Expand With New FAA Clearance - What's On The Move? | Benzinga

Amazon.com Inc’s (NASDAQ:AMZN) Prime Air has been granted permission by the Federal Aviation Administration (FAA) to operate its drones beyond the visual line of sight (BVLOS).

The approval marks a significant milestone in Amazon’s journey to expand its drone delivery operations, allowing the company to serve more customers with faster delivery options.

The FAA’s decision comes after Amazon developed and demonstrated a comprehensive BVLOS strategy that includes advanced onboard detect-and-avoid technology.

The demonstrations, observed by FAA inspectors, showcased the drones’ ability to detect and avoid obstacles like planes, helicopters, and even hot air balloons.

The onboard detect-and-avoid system, a critical component of the BVLOS strategy, ensures that drones can safely navigate various airspace challenges.

Expansion Plans for Amazon Prime Air now include an extended delivery area in College Station, Texas. The new permissions enable ...

Full story available on Benzinga.com

Stock Information

Company Name: SPDR Select Sector Fund - Consumer Discretionary
Stock Symbol: XLY
Market: NYSE

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