Most of the well known modeling and simulation methodologies state the importance of conceptual modeling in simulation studies and they suggest the use of conceptual models during the simulation model development process. However, only a limited number of methodologies refers to how to move from a conceptual model to an executable simulation model. Besides, existing modeling and simulation methodologies do not typically provide a formal method for model transformations between the models in different stages of the development process. Hence, in the current M&S practice, model continuity is usually not fulfilled. In this article, a model driven development framework for modeling and simulation is presented in order to bridge the gap between different stages of a simulation study and to obtain model continuity. The applicability of the framework is illustrated with a prototype modeling environment and a case study in the discrete event simulation domain.