Wing to invest $125M in drone manufacturing plant
Drone delivery company Wing plans to build an aircraft factory to support demand from Walmart and other customers.
Wing, the drone delivery business of Alphabet (NASDAQ: GOOG), said it will invest $125 million to build a 15,000-square foot manufacturing facility in Fort Worth, Texas, over the next two years to meet growing interest from retailers in ultra-fast delivery.
The company also plans to launch drone delivery in Japan, in partnership with KDDI Corp.
New U.S. rules of the road, expected at any moment, will serve as a trigger for widespread expansion, Wing said. The new Texas facility will be able to produce tens of thousands of unmanned aerial aircraft each year, supporting Wing’s aggressive plan to expand drone delivery service nationwide as consumers increasingly opt for the convenience of home delivery for last-minute needs, Wing announced Friday. Some of the investment will also support r&d in California.
The news release is the first time Wing has given projections for its fleet size.
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