- New rules by the FAA go into effect today, clarifying what is acceptable commercial usage of small unmanned aerial vehicles.
- Drones must weigh less than 55 pounds, fly up to a maximum of 400 feet in altitude, at a speed of no more than 100 miles per hour and can only be operated during the day.
- According to industry estimates, the rules could generate more than $82B for the U.S. economy and create more than 100K new jobs over the next decade.
- Related stocks: AMBA, AMZN, AVAV, BA, DJI, OTCQB:DRNE, DPZ, HON, INVN, IXYS, GPRO, TRMB