Subscribe free to our newsletters via your
. 24/7 Space News .




TECH SPACE
Lockheed Martin Acquires Sim-Industries
by Staff Writers
Bethesda, MD (SPX) Nov 07, 2011


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.

Lockheed Martin has 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 our core capabilities and expand our customer base. The terms of the agreement were not disclosed.

"This acquisition demonstrates Lockheed Martin's commitment to expand in adjacent markets with strong, long-term growth prospects that build on our core capabilities," said 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 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.

"At Sim-Industries, we have developed a highly talented workforce with a culture and a passion for developing and delivering realistic and affordable simulator solutions to our customers,' said Sim-Industries CEO, Frank Uit den Bogaard.

"We are excited to join an organization like Lockheed Martin that shares our vision and is committed to support the future growth of the business."

.


Related Links
-
Space Technology News - Applications and Research






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TECH SPACE
Google Maps taking viewers inside shops
San Francisco (AFP) Oct 31, 2011
Google's free online map service is letting shops, gyms, restaurants and other small businesses provide viewers glimpses of what lies behind facades seen on Street View. A test program launched in April of last year was bearing fruit in a growing array of panoramic images taken inside businesses that volunteered to be part of the project. "We've been seeing renewed interest in the past f ... read more


TECH SPACE
Lunar Probe to search for water on Moon

Subtly Shaded Map of Moon Reveals Titanium Treasure Troves

NASA's Moon Twins Going Their Own Way

Titanium treasure found on Moon

TECH SPACE
Russia aims for first conquest of Mars

Welcome back and thank you, Mars500

Return from virtual flight to Mars

Scientists reveal jealousies on 'mission to Mars'

TECH SPACE
Voyager 2 to Switch to Backup Thruster Set

Boeing to Build Commercial Spacecraft at Kennedy, Create 550 Jobs

Virgin Galactic selects second pilot

NASA Signs Agreement with Space Florida to Reuse Kennedy Facilities

TECH SPACE
China space prowess benefits world

China's space industry to see accelerated expansion over next 10 years

Will China's next space mission be manned?

China has Australia space tracking station: report

TECH SPACE
New Supply Ship Arrives, Departure Preps and Science Under Way

Russian space freighter docks with orbital station

Progress Successfully Docks With ISS

Russian Progress space freighter undocks from ISS

TECH SPACE
Arianespace's no. 2 Soyuz begins taking shape for launch from the Spaceport in French Guiana

Vega getting ready for exploitation

MSU satellite orbits the Earth after early morning launch

NASA Launches Multi-Talented Earth-Observing Satellite

TECH SPACE
Three New Planets and a Mystery Object Discovered Outside Our Solar System

Dwarf planet sized up accurately as it blocks light of faint star

Herschel Finds Oceans of Water in Disk of Nearby Star

UH Astronomer Finds Planet in the Process of Forming

TECH SPACE
Trillions served: Massive, complex projects for DOE JGI 2012 Community Sequencing Program

Lockheed Martin Acquires Sim-Industries

Major breakthrough improves software reliability and security

Japan computer smashes speed record




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement