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LMT Lockheed Martin Corp

462.00
0.27 (0.06%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Lockheed Martin Corp NYSE:LMT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.27 0.06% 462.00 463.60 459.00 461.10 1,011,396 01:00:00

Lockheed Martin Hybrid Airship Certification Plan for Commercial Transport Approved by the FAA

17/11/2015 1:00pm

PR Newswire (US)


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PALMDALE, Calif., Nov. 17, 2015 /PRNewswire/ -- The Federal Aviation Administration (Seattle Aircraft Certification Office) recently approved Lockheed Martin's (NYSE: LMT) project specific certification plan for the Hybrid Airship.

Given that Hybrid Airships did not fit within existing FAA regulations, the team worked to create a new set of criteria allowing non rigid hybrid airships to safely operate in a commercial capacity. Transport Canada was also involved in the development of this criteria to ensure it included safety concerns unique to Canada.

Lockheed Martin and the FAA have been working together for more than a decade to define the criteria to certify Hybrid Airships for the Transport Category. This criteria was approved by the FAA in April 2013.  Following that approval, the team has been developing the project specific certification plan over the past two years, which details how it will accomplish everything outlined in the Hybrid Certification Criteria.

"The approval of the certification plan represents an important risk reduction milestone for our customers," said program manager. Dr. Robert Boyd. "Completing this step took dedication from both the Lockheed Martin system experts and the FAA, who worked meticulously through thousands of detailed items to achieve consistent and accurate verification statements covering the entire aircraft."

Hybrid Airships can affordably transport heavy cargo to and from remote locations thanks to their unique shape and air cushion landing system. They requiring little to no fixed ground infrastructure and burn significantly less fuel compared to conventional aircraft making them an environmentally friendly solution to remote cargo delivery.

Earlier this year Lockheed Martin along with Hybrid Enterprises LLC kicked off sales for the 20 ton variety of the Hybrid Airship. They are on track to deliver operational airships as early as 2018.

For additional information, visit our website: http://www.lockheedmartin.com/us/products/HybridAirship.html

About Hybrid Enterprises

Headquartered in Atlanta, Georgia, Hybrid Enterprises is the exclusive reseller of Lockheed Martin's Hybrid Airships.   Hybrid Enterprises is comprised of industry professionals who have sold, leased and operated cargo aircraft in over 120 countries on six continents.  Hybrid Enterprises is solely focused on sales and marketing of Lockheed Martin's Hybrid Airships.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that – with the addition of Sikorsky – employs approximately 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lockheed-martin-hybrid-airship-certification-plan-for-commercial-transport-approved-by-the-faa-300179764.html

SOURCE Lockheed Martin Aeronautics Company

Copyright 2015 PR Newswire

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