Lockheed Martin Corporation announced the acquisition of Sim-Industries B.V., a commercial aviation simulation company located in the Netherlands. The acquisition is a demonstration of the Corporation's strategy to expand into closely related markets that build on core capabilities and expand their customer base. The terms of the agreement were not disclosed.
Sim-Industries develops and manufactures full-motion and fixed-based civil aviation flight simulators for a wide range of airline customers and independent pilot training centers worldwide. Since building its first simulator in 2006, Sim-Industries has become a leader in single-aisle commercial aircraft simulators for the Boeing 737 and Airbus 320, two of the fastest-selling aircraft worldwide. It is finalizing development and certification of its first twin-aisle simulator for the Airbus 330.
