Lockheed Martin expands simulation capability
Lockheed Martin has announced the acquisition of Sim-Industries, a commercial aviation simulation company located in the Netherlands.
In a statement on 3 November, Lockheed Martin said the acquisition was a demonstration of the company’s strategy to expand into closely-related markets that build on its core capabilities. The terms of the agreement were not disclosed, however.
Lockheed Martin chairman and CEO Bob Stevens: ‘The combination of Sim-Industries with our military simulation business will provide airlines, civil pilot training centers and military customers access to training systems that can be provided more quickly and with lower operating costs.
‘Sim-Industries has established itself as a leader in the simulation business with an innovative product design, development and manufacturing process that reflects the quality of its leadership and employees.’
Founded in 2004, Sim-Industries develops and manufactures full-motion and fixed-based civil aviation flight simulators for a range of airline customers and independent pilot training centres around the world.
Since building its first simulator in 2006, Sim-Industries provides single-aisle commercial aircraft simulators for the Boeing 737 and Airbus 320, and is finalising development and certification of its first twin-aisle simulator for the Airbus 330.
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