Press Release Lockheed Martin - Alteon Training L.L.C. / The Boeing Company
BETHESDA, MARYLAND - Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Lockheed Martin Corporation (NYSE: LMT) on the divestiture of its commercial flight training business to Alteon Training L.L.C. (Alteon), a business of The Boeing Company. Specific terms of the transactions were not disclosed.
The Lockheed Martin Commercial Flight Training Center, headquartered in Orlando, Florida, provides commercial aviation companies full-motion, high fidelity, platform-based simulation for the Boeing 737-NG, Boeing 737-300, and Airbus A320-200 aircraft.
Lockheed Martin Corporation, headquartered in Bethesda, MD, employs approximately 130,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. Lockheed Martin Corporation reported sales of $31.8 billion in 2003.
Alteon is a wholly owned subsidiary of The Boeing Company within Boeing Commercial Airplanes' Commercial Aviation Services group. Alteon's training organization supports the world's aviation community with more than 70 full flight simulators and other state of the art training devices in 20 locations around the world.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients' most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities related transactions are cleared through Seale Capital, Inc. For more information please visit www.sealeassociates.com.