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 countermeasures. The deal, advised by Guggenheim and JPMorgan, could be announced soon amid rising global defense spending driven by ongoing conflicts. This acquisition would strengthen Lockheed Martin's position in naval defense technology.
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...
Lockheed Martin will hold a live webcast of its second quarter 2026 earnings call on July 23, 2026, at 8:30 a.m. ET. The company's CEO, CFO, and Investor Relations VP will discuss the earnings results, provide updates on key topics, and answer questi...
