🚀 Business & Startups🌐 Global
Lockheed Martin Pays $3.45 Billion for Naval Defence Firm Ultra Maritime
mint - companies·Tuesday, 7 July 2026
US defence giant Lockheed Martin has acquired Ultra Maritime, a naval defence company, for $3.45 billion. The deal comes as defence companies globally are benefiting from a surge in military spending. Ultra Maritime specialises in naval systems and technology.
Why It Matters
Global defence consolidation affects arms supply chains and military alliances — and India, as one of the world's largest defence importers, watches these deals closely since they affect who it buys from and at what price.
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