Lockheed Martin completes acquisition of Ultra Maritime, adding undersea warfare capabilities
Lockheed Martin finished buying Ultra Maritime, a specialist in sonar and anti‑submarine systems, on Oct. 26, 2026. The deal brings Ultra Maritime’s 400‑person Canadian operation and its portfolio of sonobuoys, towed and hull‑mounted sonar arrays, torpedo‑defence and radar products into Lockheed Martin’s Rotary and Mission Systems segment. Executives said the purchase expands the company’s ability to supply advanced undersea solutions for next‑generation naval platforms worldwide.
Why it matters
The acquisition gives Lockheed Martin a domestic under‑sea sensor line in Canada, supporting upcoming naval programs such as the Royal Canadian Navy’s submarine and surface‑combat projects. Analysts note that the added capabilities could strengthen the firm’s position in the growing global anti‑submarine warfare market.
Key facts
- 1Lockheed Martin completed the purchase on Oct. 26, 2026. news.lockheedmartin.com
- 2Ultra Maritime employs about 400 people in Dartmouth, Nova Scotia. vanguarddefence.ca
- 3The acquisition price was announced as US$3.45 billion. vanguarddefence.ca
- 4Another source reported the deal value as US$3.5 billion. defensedaily.com
- 5Ultra Maritime will become part of Lockheed Martin’s Rotary and Mission Systems segment. themachinemaker.com
- 6Stephanie C. Hill, president of Rotary and Mission Systems, said the deal is a commitment to provide sailors with tools to detect and deter under‑sea threats. news.lockheedmartin.com
Open questions
- Deal value differs between sources: US$3.45 billion versus US$3.5 billion.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.