Business · World

Lockheed Martin to Acquire Ultra Maritime for $3.45 Billion

1 sourceFirst reported 15 days agoUpdated 15 days ago

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Lockheed Martin Corp. has agreed to purchase Ultra Maritime for $3.45 billion.
The acquisition is part of Lockheed's strategy to enhance its naval defense capabilities.
Ultra Maritime is currently owned by private equity firm Advent International.
The deal comes amid increasing demand for sea-based weapon systems.
The transaction is expected to strengthen Lockheed's position in the maritime defense sector.

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AI summary: catch up in 20 seconds

Lockheed Martin Corp. has agreed to purchase Ultra Maritime for $3.45 billion.
The acquisition is part of Lockheed's strategy to enhance its naval defense capabilities.
Ultra Maritime is currently owned by private equity firm Advent International.
The deal comes amid increasing demand for sea-based weapon systems.
The transaction is expected to strengthen Lockheed's position in the maritime defense sector.

Generated by AI from the 1 sources below · always verify with the originals