Lockheed Martin Agrees to Acquire Ultra Maritime for $3.45 Billion

1-Minute Brief

The acquisition is expected to expand Lockheed Martin's capabilities in undersea defense technology.

Key Facts

• Lockheed Martin has agreed to buy Ultra Maritime for $3.45 billion.
• Ultra Maritime is owned by private equity firm Advent International.
• Ultra Maritime specializes in anti-submarine and submarine detection technology.
• The deal aims to broaden Lockheed Martin’s undersea weapons portfolio.
• CNBC reported the purchase price as $3.5 billion, while Bloomberg cited $3.45 billion.

What Happened

Lockheed Martin reached an agreement to acquire Ultra Maritime, a naval defense firm focused on submarine detection systems, for $3.45 billion.

Why It Matters

This move could strengthen Lockheed Martin’s position in the undersea defense sector and reflects ongoing consolidation in the defense industry. There is a discrepancy in the reported purchase price: CNBC cites $3.5 billion, while Bloomberg reports $3.45 billion.

What's Next

The acquisition is subject to regulatory approvals and customary closing conditions. Further details on integration plans may be announced following completion.