Lockheed Martin to buy Ultra Maritime for $3.45 billion
Published on: July 7, 2026, 1:28 a.m. | Source: The Economic Times
Ultra Maritime will become a part of Lockheed's rotary and mission systems, which reported revenue of $17.3 billion in 2025 and employs 35,000 people worldwide. Sustained conflicts in Ukraine and the Middle East, and U.S. President Donald Trump's $1.5 trillion defense budget request for 2027 are driving up demand for weapons and military technology, pushing defense contractors to expand their capabilities.
