INNOVATION

Lockheed says airship ready to lift off

Using a state-of-the-art hybrid airship to efficiently transport cargo to and from otherwise inaccessible parts of the world seems like an idea that should really take off. Lockheed Martin sees a big opportunity, though converting about US$500 million of prospective orders into sales will really get things moving.

Ready to take off? Lockheed Martin has invested more than $100 million in its Hybrid Airship design

Ready to take off? Lockheed Martin has invested more than $100 million in its Hybrid Airship design

The New York Stock Exchange-listed company, which at $66 billion had a market capitalisation this week that was nearly 60% higher than Caterpillar’s, is in the “soft launch” phase with its new LMH1 Hybrid...

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