Lockheed Martin to Acquire Naval Defense Specialist Ultra Maritime for $3.45 Billion
Lockheed Martin Corp. announced Tuesday its agreement to purchase Ultra Maritime, a prominent firm specializing in naval defense technologies. The transaction is valued at approximately $3.45 billion.
Ultra Maritime, currently owned by private equity firm Advent International, is particularly recognized for its expertise in anti-submarine warfare technology. This acquisition is expected to significantly bolster Lockheed Martin's existing naval defense capabilities.
The deal marks a strategic move for Lockheed Martin as it seeks to expand its portfolio in the maritime sector. Ultra Maritime's advanced systems are anticipated to integrate into Lockheed Martin's broader naval offerings.
The acquisition is subject to customary closing conditions and regulatory approvals.
Lockheed Martin is a global security and aerospace company. Ultra Maritime's acquisition is part of a broader trend of consolidation within the defense industry.