Lockheed Martin [LMT] on March 18 said it has acquired Germany’s BEONTRA AG, an information technology services company serving airports worldwide, in a deal that expands its non-defense customer base and strengthens its solutions for airports.
Terms of the deal were not disclosed, although Lockheed Martin said the acquisition is not material to its financial results.
BEONTRA’s software tools enable airports to do integrated traffic, capacity and revenue planning. Its airport customers include Dubai, London Heathrow, Sydney, Copenhagen, Frankfurt, Schiphol, Munich and the Port Authority of New York & New Jersey.
“BEONTRA’s capabilities expand our business in commercial airport information technology solutions,” Marillyn Hewson, Lockheed Martin’s chairman, president and CEO, said 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.”
Lockheed Martin already has a collection of products and services to support airport operations called the Chroma Airport Suite. Combined with BEONTRA’s forecasting and planning capabilities, the company is now in a position to “provide and end-to-end solution for our customers that is unmatched in the industry,” a Lockheed Martin spokesman said.
BEONTRA CEO Christian Roth said in a letter to his employees that the forecasted doubling of the size of the aviation industry during the next 20 years means a “key element” for airports will be “the ability to handle increasingly bigger planes and greater numbers of passengers while balancing optimization of revenues, costs, passenger experience and environmental aspects.”
BEONTRA has 41 airports using its tools. The company has about 40 employees.
The BEONTRA deal is the second acquisition to expand its commercial footprint in as many weeks following the Industrial Defender deal.