In a significant move, Cobham Ultra has announced the sale of its Ultra Maritime division to global aerospace and defense leader Lockheed Martin. The acquisition, finalized on a date that was not specified, marks a major expansion of Lockheed Martin’s capabilities in the maritime sector. Ultra Maritime, a renowned provider of maritime solutions, will now operate under the Lockheed Martin umbrella, bringing its expertise in sonobuoy systems, electronic warfare, and maritime security to the table.
The deal is expected to bolster Lockheed Martin’s position in the global defense market, particularly in the maritime domain. With Ultra Maritime on board, Lockheed Martin will be able to offer a more comprehensive range of solutions to its clients, including advanced sensor systems and cutting-edge maritime technologies. The acquisition is also likely to have significant implications for the future of maritime defense and security, as Lockheed Martin continues to push the boundaries of innovation and capability.
While the terms of the deal were not disclosed, the acquisition is seen as a strategic move by Lockheed Martin to strengthen its foothold in the maritime sector. Cobham Ultra, on the other hand, will focus on its core businesses, having divested its Ultra Maritime division to a major industry player. The sale is expected to have a positive impact on both companies, allowing them to pursue their respective goals and objectives with renewed focus and energy.
Original news story via Marine Technology News.