Deal Roundup: Advent's Cobham Ultra sells Ultra Maritime to Lockheed Martin in $3.45bn deal

Lockheed Martin to Acquire Ultra Maritime for $3.45 Billion

Lockheed Martin announced on July 6, that it will acquire Ultra Maritime for $3.45 billion. Ultra Maritime is a UK-based undersea warfare specialist (part of Advent’s Cobham Ultra group) that makes advanced sonar and ASW systems for allied navies. The deal is meant to boost Lockheed’s anti-submarine warfare capabilities by adding Ultra’s sonobuoys, towed sonar arrays, hull sonar, and torpedo defense systems to its portfolio. Lockheed says Ultra’…

Deal Roundup: Advent's Cobham Ultra sells Ultra Maritime to Lockheed Martin in $3.45bn deal

Lockheed Martin has agreed to acquire Ultra Maritime from Advent International-owned Cobham Ultra in a deal valued at $3.45bn. The post Deal Roundup: Advent’s Cobham Ultra sells Ultra Maritime to Lockheed Martin in $3.45bn deal appeared first on AltAssets Private Equity News.