Bravo Industries, LLC has reported its plans to purchase 10 LLM-100J Super Hercules commercial freighter aircraft from Lockheed Martin (NYSE: LMT), the company said.
Bravo´s air cargo services include scheduled and route-specific solutions (same-day, next-day, etc.), as well as special cargo handling (heavy, odd-shaped, hazardous, refrigerated, etc.) and custom operations.
Bravo is partnered with Height Securities, a Washington, DC-based broker-dealer serving the company as exclusive financial advisor and placement agent. Global law firm Squire Patton Boggs is providing legal counsel to Bravo. Lateral Investment Management, a San Mateo, California-based investment firm, is providing funding to Bravo for the LM-100J acquisition.
The LM-100J is the civil-certified version of Lockheed Martin´s proven C-130J Super Hercules aircraft. The first LM-100J is currently in production and will undergo an FAA type certificate update prior to delivery in 2018. The LM-100J incorporates technological developments and improvements over the existing L-100s that result from years of military C-130J operational experience.
Bravo is a Brazil-based logistics and defense group that consists of Bravo Cargas and Bravo MRO (maintenance, repair and overhaul), will operate the LM-100J for air cargo operations in Brazil.
Height Securities, LLC, is a Washington, D.C.-based broker-dealer that provides research and capital markets services to institutional investors, public and private companies and government agencies.
Lateral Investment Management, LLC, is a private credit firm that provides growth capital for leading middle market companies in the United States.
Lockheed Martin is a global security and aerospace company that employs approximately 125,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.