LM Acquires BEONTRA AG
Lockheed Martin [NYSE: LMT] has acquired BEONTRA AG, a leading provider of integrated planning and demand forecasting tools for airports around the world. The terms of the agreement were not disclosed and are not material to Lockheed Martin.
“BEONTRA’s capabilities expand our business in commercial airport information technology solutions,” said Marillyn Hewson, Lockheed Martin Chairman, President and CEO. “Their experience with traffic, capacity and revenue planning combined with our existing portfolio of commercial aviation products and services positions Lockheed Martin to be a leader in this rapidly growing market.”
Aircraft Flight Control System Market - Global Forecast to 2021
Headquartered in Karlsruhe, Germany, BEONTRA and its integrated traffic, capacity and revenue planning software for airports is in use at some of the world’s major airports including Dubai, London Heathrow, Sydney, Copenhagen, Frankfurt, Schiphol and Munich.
“Lockheed Martin is a brand synonymous with the aviation industry,” said BEONTRA CEO Christian Roth. “The Chroma Airport Suite, recently acquired by Lockheed Martin, is widely recognized as the leading airport operational platform in the industry and being able to bring BEONTRA’s software to that platform will enhance that position.”
BEONTRA is a leader in forecasting demand for air traffic capacity, planning for route and infrastructure development, and has more than 40 airport operator customers across five continents.
Source : PRNewsWire Airlines feed - view original press release