Please ensure Javascript is enabled for purposes of website accessibility
Free Article Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and Research

Lockheed Martin Corporation Expands Commercial Airport Services Through Acquisition of BEONTRA

By Patrick Morris - Mar 18, 2014 at 12:03PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Lockheed Martin acquires a German firm that provides airports with technology used in day-to-day operations.

Today, Lockheed Martin ( LMT 0.99% ) announced it has acquired BEONTRA AG, a firm that provides airports with tools used for  forecasting demand and integrated planning.

BEONTRA is headquartered in Germany and its products are used to forecast air traffic capacity and demand for more than 40 airports across five different countries. Its products are also utilized for revenue planning as well as route and infrastructure development.

"BEONTRA's capabilities expand our business in commercial airport information technology solutions," said the president, chairman, and CEO of Lockheed Martin, Marillyn Hewson, in a statement. "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."

In September of last year Lockheed Martin announced it had acquired United Kingdom-based Amor Group, which developed the Chroma Airport Suite, utilized by more than 75 airports across the globe to track the movements of 3 million aircraft and 700 million passengers each year. The company highlighted the acquisition of Amor by saying it "complements Lockheed Martin's work with the U.S. Federal Aviation Administration and several global customers."

In a post today on the company's website, BEONTRA CEO Christian Roth said the ambition behind the acquisition was to create "the world's first 'end-to-end platform' for air traffic, airport planning, management & optimization."

The financial terms of the acquisition of BEONTRA AG were not disclosed, but Lockheed said the terms were "not material to Lockheed Martin." The most recent annual report noted that Lockheed Martin made $269 million worth of acquisitions in 2013, primarily for the acquisition of Amor Group.

link

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Lockheed Martin Corporation Stock Quote
Lockheed Martin Corporation
LMT
$333.81 (0.99%) $3.28

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
624%
 
S&P 500 Returns
141%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 12/04/2021.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Our Most Popular Articles

Premium Investing Services

Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.