Lockheed Martin acquisition of Ultra Maritime
Lockheed Martin bought Ultra Maritime, the sonar, sonobuoy and anti-submarine warfare business Advent carved out of Ultra Electronics, and folded it into Rotary and Mission Systems.
- Company
- Ultra Maritime
- Type
- M&A
- Status
- Completed
- Date
- 26 Oct 2026
- Value
- US$3.45bn
- Value basis
- US$3.45bn, funded from cash on hand
- Region
- US
- Segment
- Naval and underwater systems
Parties
- Lockheed Martin buyer
- Advent International seller
Key terms
- Signed
- 6 Jul 2026
- Closed
- 26 Oct 2026
- Funding
- Cash on hand
- Products
- Sonobuoys, towed and hull-mounted sonar, torpedo defence, radar, electronic warfare and autonomous maritime sensing
- Financial adviser to Lockheed Martin
- Citi
Sources
- Lockheed Martin: Lockheed Martin to acquire Ultra Maritime news.lockheedmartin.com · 6 Jul 2026
- Lockheed Martin 10-Q for the quarter to 27 Sep 2026 (Note 13: pending US$3.45bn acquisition) sec.gov · 22 Oct 2026
- Lockheed Martin: Lockheed Martin closes Ultra Maritime acquisition news.lockheedmartin.com · 26 Oct 2026
Record DEF-INV-2026-0032. Investments are kept apart from the financings register and never counted in debt totals.
