Lockheed Martin Completes Acquisition of Ultra Maritime
Published
Lockheed Martin, the American company listed on the New York Stock Exchange under the ticker LMT, announced today that it has completed its acquisition of Ultra Maritime, a global defense company specializing in advanced underwater technologies.
Ultra Maritime specializes in developing systems and equipment used in underwater naval and defense operations. This field is considered one of the important areas of modern defense industries, as it is linked to surveillance, maritime security, and coastal protection.
The available report did not provide additional details about the value or terms of the deal. It also did not mention its direct impact on products or on employees at either company.
Major companies in the defense sector continue to expand their activities through acquisitions, a common trend in this industry. Readers will follow any new information issued by the two companies regarding the future of their businesses.
Sources: Defensehere
More Saudi Arabia news
- Saudi Arabia cuts Hajj travel procedures to 15 minutes
- Saudi Arabia Ranks Fifth Globally in AI Adoption in 2026
- Friendly Match Between UAE and Syria at Hazza bin Zayed Stadium
- Al Mana Group of Qatar Expands Its Presence in Saudi Arabia's Major Projects
- Saudi and US Chambers of Commerce Sign Memorandum of Understanding on the Sidelines of the B20 Summit
- Historic British Schools Expand to the UAE in Search of Growth
- Saudi Foreign Minister Meets Ukrainian Counterpart in Paris and They Sign Memorandum of Understanding on Visa Exemption for Short Visits
- Saudi Arabia and Türkiye Sign Memorandum of Understanding on Electricity Projects Cooperation