Lockheed names partner for commercial sales of giant airships

Lockheed Martin Corp (LMT.N) on Tuesday named a private firm, Hybrid Enterprises LLC, as the exclusive sales agent for its Hybrid Airships, a new type of aircraft that company officials say could revolutionize the way oil and mining companies haul equipment to the Arctic and other remote areas without roads. Rob Binns, chief executive officer of Hybrid Enterprises, told Reuters in an interview that the new aircraft should be certified by the Federal Aviation Administration by late 2017, paving the way for initial deliveries in 2018. Binns declined to estimate the size of the market, but said Lockheed typically did not get involved in ventures with markets that were not in the billion-dollar range.

Lockheed names partner for commercial sales of giant airships source: http://finance.yahoo.com/news/lockheed-names-partner-commercial-sales-180507711.html