This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Newest Goodyear Blimp Takes Shape

AKRON, Ohio, July 12, 2013 /PRNewswire/ -- Goodyear (NASDAQ: GT), the best-known tire company in North America, is hard at work on the construction of its newest airship.

(Photo: http://photos.prnewswire.com/prnh/20130712/CL46540 )

(Logo: http://photos.prnewswire.com/prnh/20050204/GTLOGO )

This week marks an important milestone in the company's plans to replace its current fleet of blimps as workers install an envelope over the aluminum and carbon fiber framework of the first of its new-design airships. The airships are supplied by German zeppelin manufacturer ZLT Zeppelin Luftschifftechnik and being built with Zeppelin and Goodyear teams at Goodyear's hangar in nearby Suffield.

Compared to the current fleet of Goodyear blimps, the new airship models will be longer, faster and more maneuverable. The envelope being applied to the new airship is made of polyester with a DuPont â„¢ Tedlar ® film. As it is stretched over each metal truss, the envelope is attached. When complete, the helium-filled envelope will have a volume of 297,527 cubic feet.

"This is a major project that requires the dedication and skilled handiwork of these combined teams of airship experts. The result will be the only Zeppelin model airship in North America. It represents a strong investment in Goodyear's airship program, helping to ensure that Goodyear will remain at the forefront of aerial broadcast coverage and support," said Nancy Ray, Goodyear's director of Global Airship Operations.

Upcoming construction milestones, according to Ray, include the attachment of the airship's tail fins and passenger gondola –scheduled to happen this year. In early 2014, key steps will be the crew training, airship certification, installation of the electronic video boards and eventual christening.

Goodyear's blimp fleet generates significant value for the company through visibility at major events, on-camera exposure during television broadcast, tire sales through support of Goodyear dealer and store promotions, and the goodwill generated by support of non-profit and public service programs.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs