Alphabet to make Loon, Wing projects independent companies

A Google Project Loon internet balloon is seen at the Google I/O 2016 developers conference in Mountain View, California May 19, 2016. REUTERS/Stephen Lam

Google parent Alphabet Inc's X research division said on July 11 its Wing and Loon projects will become independent companies.

Project Loon makes Internet-delivery balloons, while Project Wing is a drone delivery system.