Advent International exits Ultra Maritime to Lockheed Martin
The deal values the undersea warfare systems provider at $3.45 billion and adds sonar and acoustic sensor capabilities to Lockheed Martin’s defense portfolio.
Takeaways
- Ultra Maritime is a provider of sonar, acoustic sensors and undersea warfare systems for naval defense customers.
- Advent International is selling Ultra Maritime to Lockheed Martin.
- The business serves naval defense and maritime security.
Lockheed Martin agreed to acquire Ultra Maritime, a provider of sonar, acoustic sensors and undersea warfare systems for naval defense customers, from Advent International for $3.45 billion.
The sale follows Booz Allen Hamilton’s June purchase of Ultra Mission Solutions from Advent’s Cobham Ultra Group, further streamlining the sponsor’s defense technology holdings.
Ultra Maritime’s technology supports anti-submarine warfare, mine detection and maritime surveillance platforms.
Lockheed Martin, a prime defense contractor, plans to integrate the sensor capabilities into its naval combat systems.
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