Thread: The FAA Just Handed A Huge Win To This Leading Drone Supplier

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  1. #1

    Default The FAA Just Handed A Huge Win To This Leading Drone Supplier

    The U.S. military has been the largest investor in drones since the industry got its start 15 years ago.

    While U.S. military drone spending will continue growing, a recent regulatory breakthrough from the Federal Aviation Association (FAA) sets the stage for commercial drone sales to eclipse military spending and become one of the fastest growing industries in the world in the next five years.
  2. #2

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    The commercial drone industry scored a big win in late August. That was the day the Federal Aviation Association (FAA) opened up the skies to commercial drones.

    The FAA ruling allows for small commercial drones to operate during daylight and below 400 feet.

    That alone is a regulatory breakthrough for the commercial drone industry. But the FAA also recently loosened its restriction on commercial drone pilots.

    Before, a commercial drone pilot needed an actual pilot license. Now, commercial drone pilots will only be required to pass a test that costs $150.
  3. #3

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    These key regulatory adjustments clear the path for the most powerful S&P 500 companies to invest billions of dollars into their commercial drone programs.

    In fact, it's already happening.

    Amazon (Nasdaq: AMZN) is testing Amazon Prime Air, its system to use drones to fulfill local deliveries, in Canada, the UK and the Netherlands. Now that the FAA has opened up the U.S. skies to commercial drones, Amazon hopes to fully launch Prime Air in the United States in 2017 or 2018.
  4. #4

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    These cost savings are the reason commercial drones are expected to be one of the fastest growing industries in the world in the next five years.

    A recent report from consulting firm PriceWaterhouseCoopers predicts that the global market for commercial applications will grow to $127 billion by 2020 from just $2 billion today.

    One way to profit from the booming drone industry is with large defense contractors such as Lockheed Martin (NYSE: LMT) or Boeing (NYSE: BA). However, I see a problem with these global leaders.

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