Lockheed Martin (LMT) Leads $3.5 Billion Ultra Maritime Acquisition
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowLockheed Martin Corp. (LMT) is in the lead to acquire Ultra Maritime for approximately $3.5 billion. Guggenheim and JPMorgan are advising on the deal, which could be announced soon. Ultra Maritime, owned by Advent International, specializes in anti-submarine technology and electronic warfare systems. The defense sector has seen increased demand due to rising global conflicts, with 2025 defense outlays reaching $2.89 trillion according to the Stockholm International Peace Research Institute.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Lockheed Martin Corporation (LMT)
Lockheed Martin is the world’s largest defense contractor and maker of the F-35 fighter jet.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
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