Lockheed to Buy Ultra Maritime for $3.45 Billion in Naval Push

Lockheed Martin Corp. has reached an agreement to acquire Ultra Maritime, a naval defense business held by the private equity firm Advent, for $3.45 billion. This strategic acquisition is driven by a significant surge in demand for sea-based weapons systems. By integrating Ultra Maritime, Lockheed Martin aims to strengthen its position and capabilities within the naval defense sector to better address the increasing requirements for advanced maritime weaponry and security solutions globally.