Overview
- Lockheed Martin signed a definitive agreement on Monday to acquire Ultra Maritime for $3.45 billion, according to the company announcement.
- Ultra Maritime will join Lockheed’s Rotary and Mission Systems business when the deal closes, folding the seller’s staff and product lines into Lockheed’s undersea portfolio.
- Ultra’s products include sonobuoys, towed and hull‑mounted sonar, torpedo‑defense countermeasures, radar systems, and autonomous maritime sensing platforms that are exportable to allied navies.
- Citi is advising Lockheed on the transaction while earlier reporting named Guggenheim and JPMorgan as sell‑side advisers; regulatory approvals and customary closing conditions remain outstanding.
- The acquisition follows private equity owner Advent International’s 2022 investment to grow Ultra and comes as global defense budgets and demand for naval anti‑submarine capabilities have risen.