Lockheed Martin has completed its acquisition of Ultra Maritime, a global defense company specializing in advanced undersea warfare and anti-submarine warfare (ASW) capabilities.
The announcement follows the company's earlier announcement that it would buy Ultra Maritime from Advent for $3.45 billion this summer.
Ultra Maritime develops and delivers mission-critical systems including sonar technologies, sonobuoys, torpedo defense systems, radar solutions, electronic warfare and autonomous maritime sensing platforms.
"Securing the undersea domain starts with giving sailors the tools and confidence to find, track and deter threats that put ships and crews at risk," said Stephanie C. Hill, president, Rotary and Mission Systems at Lockheed Martin.
"This is more than an acquisition – it’s a commitment to unite the best of our technology, capability and people to meet our partners’ urgent and growing demand for undersea warfare capability worldwide.”
Ultra Maritime’s international footprint and portfolio of ASW products, such as its sonobuoys, towed sonar arrays and hull-mounted sonar product lines, will complement and expand Lockheed Martin’s ability to offer sonar solutions across next-gen maritime platforms, it was highlighted.
The Ultra Maritime business is aligned under the Lockheed Martin Rotary and Mission Systems business area.