This acquisition may signal Lockheed Martin's intent to strengthen its position in the defense electronics market. The addition of Ultra Maritime's capabilities could enhance Lockheed Martin's competitiveness in naval and maritime systems, which suggests a potential shift in the company's strategic priorities.
Defense Giant Expands Portfolio With $3.45 Billion Deal
Lockheed Martin has agreed to acquire Ultra Maritime, a UK- and US-based company that produces a range of systems including sonars, sonobuoys, and radars, for $3.45 billion. The acquisition is expected to expand Lockheed Martin’s Rotary and Mission Systems business. Ultra Maritime was previously owned by private equity firm Advent. The deal was reported by Aviation Week.
This acquisition may signal Lockheed Martin's intent to strengthen its position in the defense electronics market. The addition of Ultra Maritime's capabilities could enhance Lockheed Martin's competitiveness in naval and maritime systems, which suggests a potential shift in the company's strategic priorities.
Defense Giant Expands Portfolio With $3.45 Billion Deal
Lockheed Martin has agreed to acquire Ultra Maritime, a UK- and US-based company that produces a range of systems including sonars, sonobuoys, and radars, for $3.45 billion. The acquisition is expected to expand Lockheed Martin’s Rotary and Mission Systems business. Ultra Maritime was previously owned by private equity firm Advent. The deal was reported by Aviation Week.