Ultra Maritime enters $3.45B Lockheed Martin acquisition agreement
Lockheed Martin signed a definitive agreement to acquire Ultra Maritime for $3.45B, adding an undersea and anti-submarine warfare supplier to its defense portfolio.
Evidence notes
- Ultra Maritime supplies sonar, sonobuoys, torpedo defense and maritime sensing systems.
- The buyer is Lockheed Martin and the seller is Advent International.
- The company is expected to become part of Lockheed Martin Rotary and Mission Systems after closing.