Lockheed Finalizes $3.5B Ultra Maritime Acquisition

Lockheed Finalizes $3.5B Ultra Maritime Acquisition

  • Ultra Maritime joins Lockheed’s rotary and mission systems segment
  • Stephanie Hill cites growing allied demand for undersea warfare capability
  • The deal builds on Lockheed’s Navy anti-submarine warfare work

Lockheed Martin has closed its acquisition of Ultra Maritime as part of efforts to expand its capability and domain expertise in anti-submarine warfare.

Lockheed said Monday the Ultra Maritime business now operates under its rotary and mission systems, or RMS, business area.

In July, Lockheed agreed to buy Ultra Maritime from private equity firm Advent for $3.45 billion.

What Is Ultra Maritime?

Ultra Maritime is a global defense company that develops and delivers mission-critical undersea and anti-submarine warfare systems for allied naval forces. Its portfolio includes sonar technologies, torpedo defense systems, sonobuoys, electronic warfare, radar solutions and autonomous maritime sensing platforms.

What Capabilities Does Ultra Maritime Bring to Lockheed?

Lockheed said Ultra Maritime’s international presence and its anti-submarine warfare products for allied customers, such as sonobuoys, hull-mounted sonar and towed sonar arrays, will broaden the company’s sonar offerings for next-generation maritime platforms.

Stephanie Hill, president of RMS at Lockheed and a three-time Wash100 awardee, said securing the undersea domain begins with equipping sailors with the tools and confidence to find, track and deter threats to ships and crews.

“This is more than an acquisition — it’s a commitment to unite the best of our technology, capability and people to meet our partners’ urgent and growing demand for undersea warfare capability worldwide,” Hill added.

How Does the Acquisition Fit Lockheed’s Existing Navy Work?

The Ultra Maritime deal adds to Lockheed’s anti-submarine warfare work for the U.S. Navy, which includes a potential five-year, $480 million contract to support the AN/SQQ-89A(V)15 anti-submarine warfare combat system.

The Navy recently awarded Lockheed a potential $1.71 billion contract modification to produce AN/SLQ-32(V)6 systems under the Surface Electronic Warfare Improvement Program, with its RMS business performing most of the work in Liverpool, New York.

The company has also delivered the first Integrated Combat System-enabled baseline to the Navy, advancing the service’s effort to establish a common combat system architecture for its surface fleet.

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