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The Loral Corporation (and its holdings, including the Goodyear Airdock) was purchased by Lockheed Martin in 1996. As of 2021 California company LTA Research and Exploration, together with the University of Akron, plans to use the airdock to develop electric-powered airships. [9]
The largest airship to be built in the United States since the 1930s is expected to start taking shape later this year inside the Akron Airdock.
Denny Carter, chief engineer LTA Research, talks about airships as he holds a model of Pathfinder 3 in the Akron Airdock in Akron in 2022. A model of the smaller Pathfinder 1 rests on a table.
The Lockheed Martin Corporation is an American defense and aerospace manufacturer with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland.
Next door is Derby Downs home of the annual All-American Soap Box Derby. The Goodyear Airdock, which used to house construction projects for Goodyear's new blimp designs, is also nearby. Today it is owned by Lockheed Martin, which runs a sizeable operation in Ellet.
While the formation of Lockheed Martin in 1995 was a merger of equals, by far the greatest contribution to Lockheed Martin Aeronautics was the product portfolio of Lockheed. This included the C-5 , C-130 , and C-141 transports as well as the F-2 , F-16 (purchased from General Dynamics ), F-117 , F-22 , and F-35 Lightning II .
The administration building is located just north of the runways and the Goodyear Airdock, which was built in 1929. The Akron City Council authorized construction of the terminal in 1930, with construction completed and the terminal opening on June 15, 1931.
In 1996, Lockheed Martin acquired Loral's Federal Systems, defense, and SI business units for $9,100,000. The Federal Systems Rockville campus was merged with other air traffic management businesses within the newly formed Lockheed Martin Federal Systems to become Lockheed Martin Air Traffic Management.