Lockheed Martin is the leading bidder to acquire Ultra Maritime from private equity firm Advent International. The potential deal is valued at approximately $3.5 billion. While negotiations are ongoing, an official announcement could arrive as early as the week of July 7, 2026.
The acquisition would integrate specialized anti-submarine warfare technology into Lockheed Martin's portfolio. Ultra Maritime produces critical sonar buoys and torpedoes for the U.S. and U.K. navies.
Defense contractors are currently expanding military technology assets to meet rising global defense spending. Heightened geopolitical tensions are driving this increased demand for advanced naval equipment.