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.
Earlier LMT news
- Defense Contractors Stock Buyback Ban Faces Opposition from Lobbyists
- SpaceX (SPACEX) Partners with Rocket Lab on Military Satellite Network
- US-Iran Military Strikes Following Helicopter Incident Affecting Markets
- SCHD Fund Achieves 20% Return with $71.6B Assets and 3.3% Yield
- Lockheed Martin (LMT) Demonstrates New Sensor Integration at Balikatan 2026
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
