In 1987 it was sold to Loral Corporation for $640 million following a massive restructuring of Goodyear prompted by the hostile takeover attempt by James Goldsmith and the Hanson Trust.
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Also due to the lack of business during the depression, the company used its advanced aeronautical knowledge to design and build the high speed Comet commuter trains for the route between Boston and Providence.
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The army had placed a large order and Goodyear had available manufacturing space at its huge Airship Dock, near Akron, Ohio.
Design and development of the missile began in 1983 when the Goodyear Aerospace company was contracted by the U.S. Navy to develop a ship-launched anti-submarine missile compatible with the new Mark 41 Vertical Launching System.
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Once again, the envelope production was split between Goodyear and Goodrich, with control cars being built by the Burgess division of Curtiss Aeroplane and Motor Company, and the St. Louis Aircraft Corporation.
In the 1970s, Goodyear Aerospace in Litchfield Park, Arizona, United States, used a gun with a ceramic diaphragm to seal the compressed air in the tank from the gun's barrel.