Lockheed Martin to Acquire Ultra Maritime for $3.45 Billion
LMT•Lockheed Martin will acquire Ultra Maritime for $3.45 billion in a cash transaction to expand its maritime capabilities. The deal enhances Lockheed’s portfolio with Ultra’s ship design, production and sustainment services and is expected to close by late 2026, subject to regulatory approval.
1. Acquisition Details
Lockheed Martin has agreed to acquire Ultra Maritime for $3.45 billion in cash. The transaction is subject to regulatory approvals and is expected to close by late 2026.
2. Strategic Rationale
The acquisition adds Ultra Maritime’s ship design, production and sustainment services, enhancing Lockheed’s footprint in small and medium naval vessel markets and supporting its defense and commercial maritime offerings.
3. Financial Impact and Timeline
Lockheed plans to finance the deal with a mix of cash on hand and debt, maintaining its investment-grade balance sheet and dividend policy. The transaction is expected to be accretive to earnings by 2027.
