Lockheed Expands Airport Solution Biz - Analyst Blog
19 Mars 2014 - 10:00PM
Zacks
Aerospace & defense major
Lockheed Martin Corporation (LMT) acquired
Karlsruhe, Germany based BEONTRA AG a leading provider of
integrated planning and demand forecasting tools for airports
around the world. BEONTRA has more than 40 airport operator
customers across five continents. The financial terms of the deal
were not disclosed.
The International Air Transport Association (IATA) predicted that
the airline industry is on track to deliver the second consecutive
year of improved profitability on the back of increasing air
traffic. In addition, the long-term commercial market outlook from
The Boeing Co. (BA) indicates a 5% annual increase
in passenger traffic for the next two decades.
Given the prospering airline industry it is obvious that airports
around the world need to equip themselves to serve the busy air
traffic. Lockheed is planning to take advantage of this underserved
market and has started to strengthen its commercial aviation
product and service portfolio.
BEONTRA has the capability to forecast demand for air traffic
capacity, planning for route and infrastructure development. The
integration of this latest acquisition with Chroma Airport Suite’s
progressive airport operating system (also recently acquired) will
help Lockheed to capture the rapidly expanding commercial airport
information technology solutions market.
Moreover, the acquired companies already have the best airports
across the globe as their customers. More airports are sure to
spring up, particularly in the growing Asia-Pacific region.
Lockheed with its existing product portfolio will be in an
advantageous position to provide integrated solutions to the next
generation airports.
Lockheed currently has a Zacks Rank #2 (Buy). Other players in the
aerospace and defense industry, which look attractive at current
levels, include Huntington Ingalls Industries,
Inc. (HII) and Northrop Grumman
Corporation (NOC). Huntington Ingalls carries a Zacks Rank
#1 (Strong Buy) while Northrop holds a Zacks Rank #2 (Buy).
BOEING CO (BA): Free Stock Analysis Report
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NORTHROP GRUMMN (NOC): Free Stock Analysis Report
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