Lockheed Martin to Acquire Ultra Maritime for $3.45 Billion

Lockheed Martin has announced its intention to acquire Ultra Maritime, a naval defense firm, for approximately $3.45 billion. This acquisition aims to expand Lockheed Martin's capabilities in the defense sector.

6 Jul, 02:51 — 6 Jul, 16:44

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Why this matters

This acquisition is significant as it allows Lockheed Martin, a major defense contractor, to expand its offerings in naval defense, particularly in specialized areas like anti-submarine warfare. Such consolidations can impact market competition and future defense capabilities.

Key entitiesLockheed Martin Ultra Maritime Advent International

The Story

What 4 sources agree on, dispute, and miss

What sources agree on

Lockheed Martin is acquiring Ultra Maritime
The acquisition price is $3.45 billion
Ultra Maritime specializes in naval defense technology

Key claims2 agreed · 1 unverified

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Lockheed Martin will acquire Ultra Maritime for $3.45 billion

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The deal will strengthen Lockheed's naval defense portfolio

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Ultra Maritime specializes in anti-submarine technology

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Coverage gaps

Information that Ultra Maritime is owned by private equity firm Advent International and specializes in anti-submarine technology

Reportedcnbc

Missingjerusalem-postYahooseeking-alpha

The Story

Analyzing sources…

Source Diversity

Moderate (47/100)

4 sources30/33

Spectrum spread— 2/5 buckets covered8/33

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Geographic diversity— 2 regions9/34

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Sources

Showing 3 of 4 sources

cnbcMostly Factual36d ago

Lockheed Martin leading race for $3.5 billion purchase of naval defense firm Ultra Maritime

Ultra is owned by private equity firm Advent International, and specialises in anti-submarine technology.

Read full article →

YahooMostly Factual35d ago