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    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
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Delayed Quote. Delayed Nasdaq - 12/02 04:00:00 pm
2859.32 USD   +1.36%
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Alphabet : Wing project unveils new drone delivery model in Texas

10/20/2021 | 02:52pm EST
A sign is pictured outs a Google offcie near the company's headquarters in Mountain View, California

WASHINGTON, Oct 20 (Reuters) - Alphabet Inc's Wing said on Wednesday that Walgreens will use its new drones to make deliveries from a store in Texas, in the first use of such vehicles in a major U.S. metro area.

Wing said it will launch the effort at a Dallas-Fort Worth area Walgreens store in its parking lot, serving parts of the city of Frisco and town of Little Elm. Prior to this, drone delivery projects have been in smaller U.S. towns.

"The aircraft will arrive in small containers that serve as tiny hangars, allowing each store to quickly and easily deploy a small, dedicated fleet from its parking lot, on its roof, or in small spaces adjacent to the building," Wing said.

Wing said Walgreens employees will process and load packages onto the delivery drones, rather than Wing employees.

Wing said that since June it has been conducting test flights at a drone testing facility in Fort Worth and in the coming months expects to launch a commercial service there that it says will "be the first of its kind in a major U.S. metro" area.

Companies have been racing to create drone fleets to speed deliveries and launching new pilot projects - like United Parcel Service delivering prescriptions or Walmart delivering groceries.

The United States has over 1.7 million drone registrations and 249,000 FAA-certificated remote pilots.

In April, final Federal Aviation Administration rules took effect allowing for small drones to fly over people and at night, a significant step toward their eventual use for widespread commercial deliveries. (Reporting by David Shepardson; Editing by Steve Orlofsky)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.36% 2859.32 Delayed Quote.60.96%
WALGREENS BOOTS ALLIANCE, INC. 2.06% 44.62 Delayed Quote.9.63%
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Analyst Recommendations on ALPHABET INC.
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Financials (USD)
Sales 2021 254 B - -
Net income 2021 73 048 M - -
Net cash 2021 143 B - -
P/E ratio 2021 26,1x
Yield 2021 -
Capitalization 1 876 B 1 876 B -
EV / Sales 2021 6,82x
EV / Sales 2022 5,73x
Nbr of Employees 150 028
Free-Float 93,1%
Chart ALPHABET INC.
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Alphabet Inc. Technical Analysis Chart | GOOGL | US02079K3059 | MarketScreener
Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 47
Last Close Price 2 821,03 $
Average target price 3 346,88 $
Spread / Average Target 18,6%
EPS Revisions
Managers and Directors
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
John L Doerr Independent Director
Ann Mather Independent Director
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