Cargolifter AG i.I. (delisted)
CargoLifter AG tempe
Boeing and CargoLifter sign Letter of Intent
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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Chicago/Berlin – The Boeing Company and CargoLifter AG announced today that they
have signed a Letter of Intent (LOI) to explore potential business
opportunities for the development and use of “Lighter-than-Air” (LTA) vehicles
for commercial, military and homeland security applications.
The LOI – signed by George Muellner, president of the Boeing Phantom Works R&D
division, and Carl von Gablenz, CEO of CargoLifter AG – provides the basis for a
more detailed joint study of possible business opportunities beyond
CargoLifter’s current business focus on using LTA vehicles for transporting
heavy and outsized cargoes. Such opportunities could include the development of
a stratospheric airship for commercial and military applications.
For all such applications LTA vehicles offer a number of potential performance
and cost benefits over traditional aircraft. They are environmentally friendly
and require only a small logistics infrastructure. They provide constant lift
independent of air speed, enabling high endurance and lengthy loitering. Their
lift capability increases exponentially with vehicle size rather than only
directly with wing area. They provide a stable platform with low G forces and
virtually zero shock loads. And their low air speeds allow for more simple and
affordable structures.
“Because our initial discussions have revealed a number of potential synergies
and business opportunities between our two companies, this LOI is the next
logical step in defining these opportunities in more depth,” said Muellner.
“Once completed, we will have a stronger basis to decide whether entering into a
long-term collaborative arrangement is in our mutual interests.”
Added von Gablenz, “From the outset, part of CargoLifter’s strategic plan has
been to enter into a long-term partnership with a major global company whose
mission, interests, and capabilities are in alignment with, and complementary
to, those of CargoLifter. We are delighted to pursue these detailed studies
with Boeing and look forward to discovering additional synergies and
opportunities.”
end of message, (c)DGAP 02.05.2002
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