Lockheed Martin has agreed to acquire Ultra Maritime from private equity firm Advent International in a $3.45bn deal aimed at expanding its naval defence capabilities, according to a report by Bloomberg.
Ultra Maritime specialises in anti-submarine warfare and undersea defence technologies, including sonar sensing systems. Following completion, the business will become part of Lockheed Martin’s rotary and mission systems division, which generated $17.3bn in revenue in 2025 and employs around 35,...
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