AKRON, Ohio, March 22, 2013 /PRNewswire/ -- The Goodyear Tire & Rubber Company (Nasdaq: GT) announced today that it has begun construction of the first of a new generation of airships to replace its fleet of world famous blimps.
The new Zeppelin LZ N07-101 airship, manufactured by Germany's ZLT Zeppelin Luftschifftechnik, will be assembled at Goodyear's Wingfoot Lake Hangar near Akron, Ohio. An agreement with ZLT Zeppelin to supply Goodyear with the new airships was announced in May 2011.
"The start of this construction project marks the beginning of a new era for the Goodyear blimp, one of the world's most recognizable brand icons," said Nancy Ray, Goodyear's director of Global Airship Operations. "With this investment, we are renewing Goodyear's commitment to our airship program and our continued leadership role in providing aerial coverage and support to the most watched news, sports and entertainment events around the world."Construction of the new airship will take about 6-7 months, including the structural build and the installation of advanced on-board avionics and flight control systems. Certification of the new airship and training of flight personnel will follow during the first half of 2014. The new airship will be larger, faster and more maneuverable than the current generation of blimps and capable of carrying more passengers. During its long operational history, Goodyear has built and operated more than 300 lighter-than-air vehicles since 1917, including two large rigid airships – the U.S.S. Macon and U.S.S. Akron. Goodyear is one of the world's largest tire companies. It employs about 69,000 people and manufactures its products in 52 facilities in 22 countries around the world. Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear's blimps and products, go to www.goodyear.com/corporate. SOURCE The Goodyear Tire & Rubber Company
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV