Lockheed Martin buys airport software services firm BEONTRA AG
19 Mar 2014
Lockheed Martin Corp, the largest US defence contractor, yesterday said that it had acquired Germany's BEONTRA AG, a provider of integrated planning and demand forecasting tools for airports around the world.
Lockheed Martin did not disclose the financial terms of the deal.
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.
It 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.
''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.''
''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.''
With 2013 revenues of $45.4 billion, Bethesda, Maryland-based Lockheed Martin is a global security and aerospace company employing around 115,000 people worldwide.