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Lockheed Martin Acquires Ultra Maritime for $3.45B

November 2, 2026

2 min read

Key Takeaways

Lockheed Martin acquires Ultra Maritime for $3.45 billion.
Ultra Maritime specializes in undersea and anti-submarine warfare.
The acquisition aims to meet growing demand for undersea warfare capability.
Lockheed Martin had been an investor in Ultra Maritime since 2022.

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Strategic Implications

This acquisition may signal Lockheed Martin's strategic expansion into undersea warfare, which could strengthen its position in the global defence market. The move suggests a growing demand for advanced undersea capabilities, which could benefit Lockheed Martin's Rotary and Mission Systems division.

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What Happened

Defence Giant Expands Undersea Warfare Capabilities

Lockheed Martin has acquired Nova Scotia-based undersea defence company Ultra Maritime for $3.45 billion, expanding its capabilities in undersea and anti-submarine warfare. Ultra Maritime, founded in 1947, specializes in manufacturing sonar solutions, sonobuoys, and torpedo defence systems. The acquisition is expected to accelerate Lockheed Martin’s commitment to delivering advanced undersea warfare capabilities to its U.S. and allied partners. This report was first published by The Canadian Press.

Source | Originally Published: November 1, 2026

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