Lockheed Martin to Acquire Ultra Maritime in $3.45 Billion Deal

Lockheed Martin has announced the acquisition of Ultra Maritime, a global defense company specializing in advanced undersea warfare and anti-submarine warfare capabilities for $3.45 billion. The deal reinforces Lockheed Martin's commitment to domain expertise in anti-submarine warfare. Ultra Maritime develops and delivers mission-critical systems such as sonar technologies, sonobuoys, torpedo defense systems, radar solutions, and autonomous maritime sensing platforms.

The acquisition aims to accelerate Lockheed Martin's commitment to delivering advanced undersea and anti-submarine warfare capabilities to US and allied partners globally. Ultra Maritime's portfolio of exportable ASW products will complement and expand Lockheed Martin's ability to offer sonar solutions across next-gen maritime platforms. Upon closing, Ultra Maritime will become part of Lockheed Martin's Rotary and Mission Systems business area. The acquisition is advised by Citi, Hogan Lovells Cadwalader, and Fried Frank.

Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery, aiming to ensure those they serve always stay ahead of ready.