Lockheed Martin acquires Ultra Maritime
Analysis based on 29 articles · First reported Jul 06, 2026 · Last updated Jul 06, 2026
The acquisition strengthens Lockheed Martin's position in the growing undersea warfare market, potentially boosting its revenue and competitive edge. Lockheed Martin's stock traded slightly lower on the announcement, reflecting typical market reaction to large acquisitions.
Lockheed Martin announced the signing of a definitive agreement to acquire Ultra Maritime, a global defense company specializing in advanced undersea warfare and anti-submarine warfare (ASW) capabilities, for $3.45 billion. Ultra Maritime, owned by Advent International's Cobham Ultra subsidiary, develops sonar technologies, sonobuoys, torpedo defense systems, radar solutions, and autonomous maritime sensing platforms. The acquisition will expand Lockheed Martin's Rotary and Mission Systems business area's undersea warfare portfolio, complementing its sonar offerings for next-generation maritime platforms. Ultra Maritime's international footprint and exportable ASW products, including towed sonar arrays and hull-mounted sonar, will benefit allied navies in over 30 countries. The deal is expected to close pending regulatory approvals, with Citi serving as financial advisor and Hogan Lovells and Fried, Frank, Harris, Shriver & Jacobson as legal and tax counsel to Lockheed Martin.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard