Wall Street Daily readers know that Chief Investment Strategist, Louis Basenese, has been particularly tuned in to the unmanned aircraft trend. For instance, he’s covered how companies are designing drones with nature in mind, taking inspiration from hummingbirds, pigeons, bats, even maple seeds. (By the way, upgrading your subscription to WSD Insider will give you access to his most in-depth research on the subject.)
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Now, the U.S. Navy is inching closer to launching its Northrop Grumman X-47 B unmanned aircraft for live missions. Testing of the craft began in February 2011 at Edwards Air Force Base in California. Since then, the plane has demonstrated its ability to reach elevations over 15,000 feet and complete maneuvers relevant to carrier operations, like extending and retracting a tail hook and performing a fully independent “touch-and-go” landing.