Stocks in play: Drone Delivery Canada Corp.
Has expressed its support for the Federal Aviation Administration's (FAA) progressive actions in making amendments to advance the use of Unmanned Aircraft Systems (UAS) for logistics and small package delivery. Use of drones in this market segment is forecast to increase significantly, according to a report released by the FAA recently. In their January 2021 report, 'Aerospace Forecast 2020 – 2040', the FAA highlights substantial expected growth in both the small UAS category (less than 55 pounds maximum take-off weight) and the larger UAS category (a maximum take-off weight of more than 55 pounds). Drone Delivery Canada Corp. shares V.FLT are trading up 3 cents at $1.29.
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