Airbus seeks third-party investors to build Zephyr high-altitude drone
News » Science & Technology
Airbus is seeking outside investment for its Zephyr solar-powered high-altitude drone program to accelerate technology commercialization.
The aircraft manufacturer has hired Morgan Stanley to lead the search investors. Airbus will continue to own a stake in the division, which will be renamed Aalto.
Airbus plans to use the Zephyr drones, which hover almost motionless at an altitude of 21,336 meters for several months, as a less expensive and more maneuverable alternative to conventional satellites. The drone can provide communication with mobile phones, as well as play a role in remote communications, maritime surveillance, border patrol, environmental change measurement, and monitoring the spread of wildfires and oil spills.
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Elizabeth
Elizabeth Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Quebec Telegram, Elizabeth Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my stone@qtelegram.com 1-800-268-7116