Lockheed Martin, a major player in the defense sector, is reportedly leading the acquisition of Ultra Maritime, a company specializing in anti-submarine technology and electronic warfare systems. The deal, valued at around $3.5 billion, is being facilitated by Guggenheim and JPMorgan.
Ultra Maritime is currently owned by Advent International, which had previously sought over $4 billion for the company. This acquisition is significant as it reflects the increasing demand for advanced defense capabilities, driven by heightened military spending globally, which reached $2.89 trillion in 2025 according to the Stockholm International Peace Research Institute.
The ongoing conflicts in regions such as Ukraine and Iran have further fueled this demand, making defense stocks particularly attractive investments this year