Lockheed Martin signed a definitive agreement to acquire Ultra Maritime from private equity firm Advent International. The transaction is valued at $3.45 billion.
Ultra Maritime specializes in mission-critical naval systems for allied forces. Its product line includes sonar technologies, sonobuoys, and torpedo defense systems.
The acquisition bolsters Lockheed Martin’s portfolio in advanced undersea and anti-submarine warfare. Rising geopolitical tensions and global military spending drive the demand for these specialized naval technologies.
Lockheed Martin will integrate Ultra Maritime into its Rotary and Mission Systems business segment. The deal leverages Ultra Maritime’s international presence to expand Lockheed’s exportable defense offerings.