Lockheed Martin will buy naval defense firm Ultra Maritime for $3.45 billion, expanding its undersea warfare and sonar capabilities as conflicts in Ukraine and the Middle East fuel

Lockheed Martin will buy naval defense firm Ultra Maritime for $3.45 billion, expanding its undersea warfare and sonar capabilities as conflicts in Ukraine and the Middle East fuel global demand for military technology. Link Lockheed Martin to buy Ultra Maritime for $3.45 billion The $3.45 billion deal will fold Ultra Maritime into Lockheed’s rotary and mission systems business, strengthening its naval defense portfolio.