Alphabet’s Wing to spend $125 million on Texas drone manufacturing plant
Alphabet’s Wing unit announced a plan to allocate up to $125 million to build a 15,000‑square‑foot facility in Fort Worth, Texas. The plant will create roughly 100 jobs and is intended to produce tens of thousands of delivery drones each year. Wing expects the new capacity to help it serve about 40 million Americans across nearly 20 U.S. markets by 2027, expanding its partnership with Walmart and DoorDash. The company highlighted that it has already completed more than 1 million U.S. home deliveries this year.
Why it matters
The investment marks a major scaling step for Wing, potentially increasing the supply of delivery drones and supporting its growth targets. Analysts note that expanding manufacturing could improve Wing’s ability to meet rising demand from partners such as Walmart, which plans to roll out drone delivery at over 270 stores by 2027.
Key facts
- 1Wing will invest up to $125 million in a new manufacturing facility in Fort Worth, Texas. finance.yahoo.com
- 2The plant will cover 15,000 sq ft and is designed to produce tens of thousands of drones annually. finance.yahoo.com
- 3The project is expected to create as many as 100 jobs. finance.yahoo.com
- 4Wing aims to serve more than 40 million Americans across nearly 20 U.S. markets by 2027. finance.yahoo.com
- 5Wing has completed over 1 million U.S. home deliveries this year. finance.yahoo.com
- 6Walmart plans to offer Wing’s drone delivery service from more than 270 stores nationwide by 2027. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.