U.S. airship manufacturer courts first commercial sale.

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U.S. company Lockheed Martin is reporting it's received its first letter of intent from Straightline Aviation to purchase up to 12 of its Hybrid Airships with a potential value of $480 million.

"We are delighted to be first in line with this magnificent aircraft that is going to dramatically change the way cargo is moved around the world," said Mike Kendrick, SLA co-founder and chief executive officer, in a release.

"The clear-cut economic and environmental advantages of these Hybrids are attracting vast amounts of attention from a wide range of potential end users."

Air ships have been suggested as a viable alternative to hauling large...

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