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The Economic Times
The Economic Times
National

Lockheed Martin to buy Ultra Maritime for $3.45 billion

Lockheed Lockheed Martin Donald Trump United States Advent Middle East Ukraine

Lockheed Martin will buy naval defense company Ultra Maritime from private equity firm Advent for $3.45 billion, bolstering its portfolio as global demand for military technology surges.

After the closing of the deal, announced on Monday, Ultra Maritime will become a part of Lockheed's rotary and mission systems, which reported revenue of $17.3 billion in 2025 and employs 35,000 people worldwide.

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