AdventInternational News & Analysis

Lockheed Martin (LMT) Leads $3.5 Billion Ultra Maritime Acquisition

Lockheed 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.