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Lockheed Martin Acquires German Airport Software Company Beontra

Lockheed Martin (LMT) has acquired Beontra AG for an undisclosed sum to enhance its civil aviation capabilities. Headquartered in Karlsruhe, Germany, Beontra is a provider of integrated planning and demand forecasting tools for airports for traffic, capacity and revenue planning. It has 40 clients including Dubai, London Heathrow, Sydney, Copenhagen, Frankfurt, Schiphol and Munich airports.

LMT continues to boost its civilian aviation capabilities to diversify from core defense and government sector business where revenues have been declining. IS&GS revenues were down 5% in 2013 to $8,367m.  Beontra is its second acquisition in this sector in six months, following that of Amor Group, a supplier of airport products and services last September. Amor had an impressive year in 2012, with 27% organic growth. It brought to IS&GS products in civil airport operations which complement IS&GS’ civilian pilot training capabilities that it acquired in 2011 with Sim Industries.

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