Lockheed Martin has signed a definitive agreement to acquire Ultra Maritime, a defense company specializing in advanced undersea and anti-submarine warfare technologies, for $3.45 billion. This acquisition enhances Lockheed Martin's capabilities in sonar systems, torpedo defense, and autonomous maritime sensing, strengthening its position in global naval defense. Ultra Maritime's products and international reach will complement Lockheed Martin's offerings, integrating into its Rotary and Mission Systems division. The deal underscores Lockheed Martin's commitment to advancing undersea warfare technology for the U.S. and allied forces worldwide.
Lockheed Martin has agreed to acquire Ultra Maritime for $3.45 billion to enhance its undersea and anti-submarine warfare capabilities. Ultra Maritime specializes in advanced undersea systems like sonar and torpedo defense, serving allied naval force...
Lockheed Martin is close to acquiring Ultra Maritime, a naval defense company specializing in anti-submarine technology, for about $3.5 billion. Ultra, owned by Advent International, produces radar, electronic warfare systems, and torpedo defense cou...
Several major companies including Boeing, Lockheed Martin, and Oracle are sponsoring Freedom 250, a Trump-aligned celebration of America's 250th birthday. The event offers high-dollar donors VIP access to President Trump, sparking concerns from watch...
Lockheed Martin's stock has dropped over 20%, prompting an upgrade to Buy due to its attractive valuation at 16.9x forward earnings and a 5.7% free cash flow yield. The company recently secured over $43 billion in missile and munitions contracts, inc...
