Straightline letter to buy 12 Lockheed Martin Airships

Straightline Aviation (SLA) intends to buy up to 12 Lockheed Martin (NYSE: LMT) Hybrid Airships with a potential value of approximately USD480 million, the company said.

SLA is working with Hybrid Enterprises, Lockheed Martin´s Hybrid Airship reseller, to finalize the purchase agreement.

Based in the UK, the leadership team of SLA has deep-rooted experience in airship operations and established the company specifically to act as an owner-operator of Hybrid Airships.

The Lockheed Martin Hybrid Airships provide affordable and safe delivery of cargo and personnel to virtually anywhere – on water or land. Hybrids were designed to enable a more sustainable future.

With its unique, tri-lobe shape and air cushion landing system, the Hybrid Airship can affordably transport cargo and passengers to and from the most remote locations. They require little or no fixed ground infrastructure and burn significantly less fuel compared to conventional aircraft making them an environmentally friendly solution to remote cargo delivery.

Headquartered in the United Kingdom with offices in New York and Los Angeles, SLA was co-founded by a team of experienced airship and aviation executives with the sole purpose of bringing Hybrids into operation.

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.

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.