Lockheed Martin Acquires Ultra Maritime
7 sources · first reported 2d ago
Lockheed Martin is paying $3.45 billion to acquire Ultra Maritime, expanding its undersea warfare capabilities. The acquisition bolsters Lockheed's portfolio in naval defense technology. This move is part of Lockheed's strategy to enhance its position in the defense industry.
Why it matters
The acquisition signifies a significant investment in undersea warfare capabilities, highlighting the importance of advanced naval defense technologies in modern military strategies. It also underscores the growing role of major defense contractors like Lockheed Martin in shaping the future of defense technologies.
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How this story unfolded across sources, oldest first.