News Snapshot:
The U.S. domestic drone industry has found itself at a disadvantage when it comes to producing these useful remote-controlled flying machines in America. Chinese drone maker DJI remains the king of the industry, controlling more than 70% of the global drone market. "China benefits from a manufacturing ecosystem that goes back many decades," said Adam Bry, co-founder and CEO of Skydio, a U.S. drone maker. "They've been building consumer electronics for many decades. Our cost structure is quite a bit higher than our peers coming from China, which is why we've chosen to compete on the basis of having a...
