Lockheed Martin Secures Multi-Contract Wins with Air Force and Ultra Maritime Deal
Lockheed Martin has secured a $142.9 million contract with the Air Force and will acquire Ultra Maritime in a $3.45 billion deal. Additionally, AV's has received a Titan order in the amount of $80 million from the Air Force Global Strike Command. The announcements signal a strong performance from Lockheed Martin across various defense contracts.
LMT added to a busy stretch of defense awards, headlined by a definitive agreement to acquire Ultra Maritime for about $3.45 billion. The deal, struck with Ultra's owner, the private-equity firm Advent International, folds the undersea-warfare specialist (sonar, sonobuoys and torpedo-defense systems) into Lockheed's Rotary and Mission Systems segment. It marks a step up from earlier reporting that had cast Lockheed only as the frontrunner in the bidding.
Separately, Lockheed secured a $142.9 million Air Force contract for C-5 Galaxy software sustainment, covering software updates, maintenance and engineering work in Marietta, Georgia and Greenville, South Carolina through 2032. In an unrelated award bundled into the same news cycle, AVAV (AeroVironment) won an about $80 million Titan counter-drone task order supporting Air Force Global Strike Command base defense; AeroVironment is a separate company, not part of Lockheed.
The Ultra Maritime acquisition extends Lockheed's push deeper into anti-submarine and undersea warfare, a priority area as naval competition intensifies. Investors will watch the deal's expected close and regulatory review, its integration into Rotary and Mission Systems, and whether the steady contract cadence continues to support Lockheed's backlog and guidance in upcoming quarters.
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