Breaking News | Lockheed Martin Acquires Ultra Maritime for $3.45 Billion

Lockheed Martin signed a definitive agreement to acquire Ultra Maritime for $3.45 billion from private equity firm Advent International. Ultra Maritime employs 2,000 people across the U.S., UK, Canada, and Australia, producing anti-submarine warfare technology including sonobuoys, hull-mounted sonar, towed acoustic arrays, torpedo defense countermeasures, and AI-enabled maritime sensing platforms for over 30 allied navies. Advent invested more than $170 million over three years to advance Ultra's product roadmap, driving 17% revenue growth. In February 2026, Ultra won a U.S. Navy development contract for next-generation acoustical countermeasure systems to protect submarines. Ultra will be integrated into Lockheed's Rotary and Mission Systems division upon regulatory approval.

Regulatory approval timeline from U.S., UK, Canadian, and Australian authorities - cross-border defense acquisitions face heightened scrutiny on technology transfer and supply chain security. Integration execution into Rotary and Mission Systems, particularly retention of Ultra's engineering talent and preservation of existing allied naval contracts. Margin impact as Ultra's specialized product mix is absorbed into Lockheed's cost structure.