Lockheed Martin to Acquire Ultra Maritime for $3.45 Billion
LMT•Lockheed Martin will buy Ultra Maritime for $3.45 billion, integrating sonobuoy, sonar and torpedo defense solutions into its Rotary and Mission Systems division. Advent International exits after a four-year turnaround, and Ultra Maritime’s undersea warfare technologies aim to boost Lockheed’s anti-submarine portfolio.
1. Transaction Overview
Lockheed Martin announced a definitive agreement to acquire Ultra Maritime for $3.45 billion in cash, transferring ownership from Advent International. Ultra Maritime will operate directly within Lockheed’s Rotary and Mission Systems division, incorporating its sonar, sonobuoy and torpedo defense product lines.
2. Strategic Rationale
The acquisition enhances Lockheed’s undersea warfare portfolio by adding hull-mounted sonar, towed arrays and autonomous detection systems. This bolstered capability aims to meet rising global demand for advanced anti-submarine solutions and accelerate deployment to U.S. and allied naval forces.
3. Seller Background
Advent International is exiting after a four-year turnaround strategy that consolidated Ultra Maritime into an integrated global supplier. During its ownership, Ultra Maritime expanded its engineering base and secured key contracts in underwater acoustic technology.
4. Timeline and Outlook
The deal is expected to close by the end of 2026 pending regulatory approval, with integration plans already underway. Lockheed anticipates that Ultra Maritime’s revenues will contribute to growth in its Rotary and Mission Systems segment starting next fiscal year.
