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Lockheed Martin Acquires Dutch Commercial Aviation Simulation Firm

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Lockheed Martin [LMT] recently said it has acquired Netherlands-based Sim-Industries, a developer and manufacturer of commercial aviation simulators, in a move that expands the company's simulation business beyond the military. Lockheed Martin said its initial focus will be on building Sim-Industries' success with commercial customers. Eventually, Lockheed Martin will look to leverage the combined strengths of its military and commercial simulation businesses. "This acquisition demonstrates Lockheed Martin's commitment to expand in adjacent markets with strong, long-term growth prospects that build…

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