Amazon.com Inc (NASDAQ:AMZN) paused commercial drone delivery last Friday in Texas and Arizona to fix the aircraft’s software.
The suspension followed the crash of two of its latest models at a testing facility in rainy weather, Bloomberg reports.
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Drone delivery services will likely become a $10 billion industry by the decade’s end.
Amazon’s drone operation aims to deliver 500 million packages annually by the decade’s end.
Eleven years ago, Amazon founder Jeff Bezos shared plans to build drones capable of delivering products to customers in less than half an hour.
In December, two MK30 drones crashed during flights at the airport in Pendleton, Oregon, which Amazon uses for testing.
The company later discovered a software issue that caused the accident.
The MK30 drones, cleared to commence operations by the Federal Aviation Administration in October, have delivered packages to customers’ homes in College Station, Texas, and Tolleson, Arizona.
Amazon representative Sam Stephenson told Bloomberg that deliveries will resume after the FAA approval.
Stephenson emailed Bloomberg, stating Amazon’s drones continued to deliver safely and within federal guidelines between the December crashes and Friday’s halt.
In December, the company completed its first test flight in Italy and plans to expand its service this year. It is also targeting the start of deliveries in the U.K.
Amazon stock surged over 48% in the past 12 months. Investors can gain exposure to the stock through ProShares Online Retail ETF (NYSE:ONLN) and Vanguard Consumer Discretion ETF (NYSE:VCR).
AMZN Price Action: Amazon stock is up 2.42% at $231.42 last check Tuesday.
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