Lockheed Martin Buys Ultra Maritime
2 sources · first reported 2h ago
Lockheed Martin is purchasing Ultra Maritime in a $3.5B deal, with Ultra Maritime to be integrated into Lockheed's rotary and mission systems division. This acquisition indicates a strategic expansion by Lockheed Martin. The deal's details and implications for the defense industry are emerging.
Why it matters
This acquisition matters because it reflects Lockheed Martin's strategy to expand its capabilities and portfolio in the defense sector, potentially enhancing its position in maritime and mission systems technologies.
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Development timeline
How this story unfolded across sources, oldest first.