- Lockheed Martin will add Ultra Maritime’s sonar, sonobuoys, torpedo defense and autonomous maritime sensing capabilities
- Ultra Maritime’s portfolio will strengthen Lockheed’s anti-submarine and undersea warfare offerings
- The acquisition will expand support for U.S. and allied naval forces
Lockheed Martin has signed a definitive agreement to acquire Ultra Maritime from private equity firm Advent for $3.45 billion, expanding its undersea and anti-submarine warfare portfolio.
What Capabilities Will Ultra Maritime Bring to Lockheed?
Lockheed Martin said Monday Ultra Maritime designs and manufactures mission-critical systems tailored for anti-submarine warfare and undersea operations. Its product portfolio includes autonomous maritime sensing platforms, radar, torpedo defense systems, sonobuoys and sonar technologies, such as towed arrays and hull-mounted sonar.
Stephanie Hill, president of Lockheed Martin Rotary and Mission Systems, said the acquisition will accelerate the company’s efforts to deliver advanced undersea warfare capabilities to U.S. and allied partners.
“Undersea superiority belongs to those who move fastest and work together best,” said the three-time Wash100 Award winner.
How Does the Ultra Maritime Acquisition Fit Lockheed’s Growth Strategy?
The acquisition aligns with Lockheed Martin’s broader strategy to expand its defense technology portfolio through investments and acquisitions. In April, the company increased the capacity of its venture capital arm from $400 million to $1 billion to accelerate investments in emerging defense technologies and strengthen the defense industrial base.
The agreement also comes days after Lockheed Martin secured a potential $3 billion Army contract to manufacture Sentinel A4 radar systems, the service’s next-generation air and missile defense radar designed to detect cruise missiles, uncrewed aircraft systems, electronic warfare threats and other aerial threats.
