Acquiring Company
Lockheed Martin
Acquired Company
Ultra Maritime
Boca RatonMassachusettsOtherManufacturingAir TransportationAerospaceSatellite CommunicationManufacturingSecurityAerospaceDefense & SpaceDescription
Lockheed Martin announced its acquisition of Ultra Maritime for $3.5 billion, a move aimed at enhancing its capabilities in underwater technology. Ultra Maritime has a strong focus on defense and critical infrastructure solutions, making it a key acquisition in the growing maritime sector. This acquisition reflects Lockheed Martin's strategy to expand its maritime technology offerings amidst increasing global defense challenges. The deal is positioned to bolster Lockheed’s underwater operations and expand its market share.
Related People
M&A Insights
Based on deal dataFrequently asked
Who acquired Ultra Maritime?
Ultra Maritime was acquired by Lockheed Martin, based in Boca Raton. The deal was reported on August 10, 2026. CEO Marc Bell told press that the company decided to move the facility to California, where Terran Orbital already has a substantial footprint, because it could move into the facilities faster than in Florida. Lockheed Martin is publicly traded (LMT) and operates in Other.
When did Lockheed Martin acquire Ultra Maritime?
Lockheed Martin's acquisition of Ultra Maritime was reported on August 10, 2026. Lockheed Martin announced its acquisition of Ultra Maritime for $3.5 billion, a move aimed at enhancing its capabilities in underwater technology. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Ultra Maritime do?
Ultra Maritime provides innovative multi-missions solutions for surface, sub-surface and unmanned platforms that protect and empower allied naval forces worldwide. It is privately held, operating in Manufacturing, and is based in Massachusetts.