Lockheed Martin Leads Bid for $3.5 Billion Acquisition of Ultra Maritime
Lockheed Martin is leading the race to acquire naval defense group Ultra Maritime for roughly $3.5 billion, CNBC reported on Sunday. Guggenheim Securities and JPMorgan are advising on the transaction, according to sources familiar with the matter.
The potential acquisition would expand Lockheed Martin's footprint in the naval defense sector. Lockheed Martin is among the world's largest defense contractors, manufacturing fighter jets, missiles, and space systems, while Ultra Maritime operates across global defense and maritime industries.
From the sources (3 posts)
@firstsquawkLockheed Martin seen as frontrunner for $3.5 billion deal to acquire Ultra Maritime, CNBC says.
@cnbcLockheed Martin leading race for $3.5 billion purchase of naval defense firm Ultra Maritime
@cnbcDefense heavyweight Lockheed Martin is leading the race to buy naval defense group Ultra Maritime, CNBC has learned. The deal to acquire Ultra is roughly $3.5 billion, and Guggenheim and JPMorgan are advising on the sell side, according to