Amazon.com, Inc. (AMZN) Wins a Second Approval That Will Allow It To Use a Latest Drone Model for Research

The Federal Aviation Administration has issued Amazon.com, Inc. (NASDAQ:AMZN) a renewed license to carry out its unmanned drone aircraft delivery service. After taking painfully long to decide, the FAA, allowed the online retailer to carry out its research last month but Amazon.com, Inc. argued that the drone model which it was seeking to test out had become obsolete. As reported by CNBC’s Dominic Chu, Amazon.com, Inc. has won a second approval that will allow it to use a latest drone model for this research.

Amazon.com, Inc. (NASDAQ:AMZN), AMZN

“Last month aviation regulators green light to Amazon prototype aircrafts but the company said FAA was too slow and that the drone in question had become obsolete in the six months it waited for that permission. The bottom line: fast changing drone technology will allow Amazon to test flights at an altitude of upto 400 feet and speeds upto 100 miles per hour,” Chu said.

After the approval came out last month, Amazon.com, Inc.’s executives met a US Senate committee and conveyed to them that FAA had taken so long to grant them approval that the drone model it intended to use had become obsolete. Amazon.com, Inc. (NASDAQ:AMZN) was definitely able to express its seriousness about this project successfully because it has made FAA to issue an updated license to carry out tests on an upgraded drone.

As there is no rose without a thorn, Amazon.com, Inc. will be under certain limitations while conducting these tests. Firstly, Amazon.com, Inc. cannot take these tests to densely populated areas; which is what it wants to do one day. Secondly, drones must remain in the sight of the person who is operating it – which is fine for the very initial stage only, otherwise what’s the point of an unmanned aircraft. These are few restrictions which might render this research useless for Amazon.com, Inc. as the whole idea of this R&D is to one day make deliveries at customers doorsteps with the help of these drones. Amazon.com, Inc. has agreed that it would abide by the parameters set by FAA.

Amazon.com, Inc. (NASDAQ:AMZN) wants to call it Prime Air when this service actually sees the light of day. Drone technology is one of the fastest evolving technologies right now but FAA will take a cautious approach on it as it is also a safety concern. The concept of commercial drones is new but if this research is successful and if Amazon.com, Inc. is able to convince FAA to allow it to try out its drones at a wider scale, we will sure be receiving our packages from drones soon.

I just made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.