What Happened
Defense Giants Expand Capabilities In Maritime Systems And Autonomous Vehicles
Lockheed Martin and Ondas have made significant acquisitions in the defense technology sector. Lockheed has agreed to buy Ultra Maritime, a business unit of Cobham Ultra, for $3.45 billion, expanding its capabilities in undersea and anti-submarine warfare technologies. Meanwhile, Ondas has acquired DZYNE Technologies, a drone maker, for $875 million, positioning itself as a more well-rounded provider of defense technology. The acquisitions were reported by Washington Technology.