Ultra Maritime

Acquirer: Lockheed Martin

Lockheed Martin has acquired Ultra Maritime, a British undersea warfare specialist, in a $3.45 billion deal. The acquisition is part of a trend of consolidation in the defence industry, driven by increased demand for new weapons and military technology. Summary of transaction details: Value: $3.45 billion Sector: Industrials & Energy Advisor: Not disclosed Key Entities: Lockheed Martin, Ultra Maritime Location: UK, US Note: The deal is expected to strengthen Lockheed Martin's hand in advanced undersea warfare and deliver lasting economic benefit for the UK, although this remains an open question.