Lockheed Martin Acquires Ultra Maritime From Advent International For $3.45 Billion

Lockheed Martin has agreed to acquire Ultra Maritime from Advent International for $3.45 billion, aimed at enhancing its undersea warfare capabilities. This acquisition includes Ultra's sonar technologies, sonobuoys, torpedo defense systems, radar solutions, and autonomous maritime sensing platforms. The integration of Ultra Maritime into Lockheed Martin's Rotary and Mission Systems division is expected to bolster anti-submarine warfare technologies for the U.S. and allied navies.

Summary of transaction details:

• Deal Type: Acquisition
• Transaction Amount: $3,450,000,000
• Acquirer: Lockheed Martin
• Target: Ultra Maritime
• Headquarters of Acquirer: Bethesda, Maryland
• Division: Rotary and Mission Systems
• Key Executive: Stephanie C. Hill, President of Rotary and Mission Systems
• Investor: Advent International

Ultra Maritime specializes in advanced maritime technologies, providing solutions that enhance naval operational readiness. The merger signifies a strategic move to meet the increasing global demand for defense capabilities, particularly in underwater warfare systems. This integration aligns with Lockheed Martin's vision of advancing military technology through effective acquisitions.