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Lockheed Martin acquires Ultra Maritime for $3.45 billion to enhance undersea warfare capabilities.

Nov 01, 2026

Contract Type

contract

Bethesda

Description

Lockheed Martin has successfully acquired Nova Scotia-based Ultra Maritime for $3.45 billion. This acquisition will enhance Lockheed Martin's capabilities in undersea and anti-submarine warfare, meeting increasing global demand.

Company Information

Company

Lockheed Martin

Location

Bethesda, Maryland, United States

About

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. The company was originally planning to launch and operate its own SAR satellite constellation, called PredaSAR, but it decided to pivot from those plans and offer the technology as a product instead.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.