"The agency expects the new policy will allow companies and individuals who want to use UAS within these limitations to start flying much more quickly than before," the FAA said in a release. An FAA official told Reuters it would eventually benefit companies still seeking aircraft approval including Yamaha Motor Co Ltd, AeroVironment Inc and General Atomics.
Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.
The age of robots as mankind's master is beginning, but don't be Terminator-terrified. Profit from the rise of the machines.
Turning his attention to the industrial goods sector, CNBC's Jim Cramer revealed his favorite stocks in the defense industry now.
Some of Wednesday's midday movers:
Check out which companies are making headlines after the bell Tuesday: Alcoa, Container Store, Bob Evans & more.
With the FAA drafting rules to permit the use of commercial drones, one pro has her eye on these names.
BP will use unmanned aircraft systems to conduct aerial surveys of Alaska's North Slope.
Companies are preparing to launch unmanned aircraft in the Arctic this summer to aid in energy exploration, climatology research and shipping.
Los Angeles-based start-up DreamHammer has created Ballista, which aims to become the Windows or Android of unmanned aerial systems.
Eight things you should know from this week's "Fast Money."
Concerns over domestic surveillance aside, the industry says 100,000 jobs could eventually be created if the FAA integrates drones into U.S. airspace by its 2015 target date.
The Dow industrials hit historic high, yet there are no TV trucks in front of New York Stock Exchange. More evidence this is not 1999 ... or 2007.
Check out which companies are making headlines after the bell Tuesday:
The “Mad Money” host chats with AeroVironment CEO Tim Conver.
Amid the uproar about unmanned aircraft, researchers have been experimenting with the technology for years in many fields including combat.
As the two longest wars in American history come to a close, and defense spending decelerates, defense contractors are quickly devising ways to alter their war-time technology for commercial and civilian use.
Drone aircraft could see a lift from a new FAA ruling allowing routine flights, and Aerovironment was one way to play it.
Cramer makes the call on viewers' favorite stocks.
Considering Iran said it captured an American drone, will lawmakers turn negative on the technology as they cut defense spending?