- FedEx Corp FDX subsidiary FedEx Express is partnering with California Bay Area-based Elroy Air, the company building the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system.
- FedEx Express will develop plans to test Elroy Air's Chaparral autonomous air cargo system within its middle-mile logistics operations, moving shipments between sortation locations.
- Elroy Air announced its signature Chaparral autonomous aircraft in January 2022.
- FedEx and Elroy Air plan to continue their collaboration to pursue certifications and begin flight testing in 2023.
- Price Action: FDX shares are trading lower by 1.02% at $236.13 on the last check Wednesday.
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FDXFedEx Corp
$234.177.50%
Edge Rankings
Momentum
26.88
Growth
42.60
Quality
49.37
Value
79.08
Price Trend
Short
Medium
Long
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