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Lockheed Martin acquires Nova Scotia-based undersea defence company for $3.45-billion

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Lockheed Martin acquires Nova Scotia-based undersea defence company for $3.45-billion
Photo / Coverage: The Globe and Mail - Business
EXECUTIVE SUMMARY

Ultra Maritime manufactures sonar solutions, sonobuoys and torpedo defence systems to detect and track submarine threats for allied navies

Key Takeaways

  • Lockheed Martin acquires Nova Scotia-based undersea defence company for $3.45-billion.

United States defence and aerospace giant Lockheed Martin LMT-N has acquired Nova Scotia-based undersea defence company Ultra Maritime for $3.45-billion.

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Published originally on The Globe and Mail - Business

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