FinanceAxios Techabout 2 hours ago
Lockheed Martin buys Ultra Maritime for $3.45B
1 min read
Lockheed Martin agreed to acquire naval defense-tech firm Ultra Maritime for $3.45 billion from private equity firm Advent International. Braintree, Massachusetts-based Ultra Maritime provides undersea warfare and anti-submarine warfare capabilities for allied naval forces. The Strait of Hormuz situation has escalated demand for underseas autonomous weapons.
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