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Airbus Enters Drone Industry

The Airbus Group says it wants to become a major player in the fast-growing global drone industry. Airbus CEO Tom Enders says the company is undertaking a high-level review and assessing various strategic options in relation to drones.

The European aircraft maker sees burgeoning markets for military and commercial unmanned aircraft and Enders said it was hard to imagine Airbus would not have a strong footing in at least some of those businesses.

Enders revealed Airbus had already produced drones, but until now had not revealed its plans, because it was not in a strong position when it came to large-scale markets. That’s about to change, though, with Airbus planning to reveal a new strategy with the next few months.

Aircraft analyst Teal Group estimates the annual market for large commercial and military drones should reach $14 billion by the middle of the next decade.

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