UPS launches drone business, seeks to certify multiple pilots [Reuters]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: Reuters
UPS launches drone business, seeks to certify multiple pilots - Reuters 3 Min Read LOS ANGELES, July 23 (Reuters) - United Parcel Service Inc , the world’s largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business. The launch of UPS Flight Forward marks the latest move in the battle between UPS, Amazon.com Inc and Alphabet Inc for the lead in the nascent U.S. drone delivery industry. UPS said Flight Forward could receive FAA certification for multiple drones and pilots as early as this year, potentially becoming the first company to win such approvals. UPS is “laying the foundation” for a sustainable drone delivery business, said Bala Ganesh, vice president of the Advanced Technology Group at UPS. The Atlanta-based company plans to roll its revenue-generating hospital project with drone partner Matternet into Flight Forward. UPS and Matternet run 5-10 dai
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UPS
News
- United Parcel Service: I See Persisting Profit Pressure Ahead [Seeking Alpha]Seeking Alpha
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at Bank of America Co. from $157.00 to $160.00. They now have a "neutral" rating on the stock.MarketBeat
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at BMO Capital Markets from $165.00 to $169.00. They now have a "market perform" rating on the stock.MarketBeat
- United Parcel Service, Inc. (NYSE:UPS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at Susquehanna from $150.00 to $160.00. They now have a "neutral" rating on the stock.MarketBeat
UPS
Earnings
- 4/23/24 - Beat
UPS
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form PX14A6G
- 3/27/24 - Form 4
- UPS's page on the SEC website