Lockheed Martin to Acquire Ultra Maritime for $3.45 Billion to Strengthen Undersea Warfare
Lockheed Martin is acquiring undersea warfare leader Ultra Maritime for $3.45 billion to boost its sonar, sonobuoy, and anti-submarine capabilities.
/ 9 items
#LMT↓
Lockheed Martin Emerges as Leading Bidder for Ultra Maritime in $3.5 Billion Deal
The move would significantly boost its naval sonar, sonobuoy, and torpedo defense portfolio.
Firefly Aerospace Soars: Alpha Flight 7 "Stairway to Seven" Nails Perfect Launch
Firefly Aerospace's Alpha rocket nailed its Stairway to Seven mission on March 11, 2026, reaching orbit, delivering Lockheed payload, and validating Block II upgrades—boosting investor confidence.
Middle East Conflict Hits Travel Stocks Hard, Boosts Defense and Oil
Escalating US-Israel-Iran conflict sparks market turmoil: airlines and cruises drop 5-7% on fuel fears, while defense firms like Lockheed soar amid rising geopolitical tensions. Oil jumps sharply.
Lockheed Martin Stock Soars on Strong 2026 Outlook and Major Defense Deal
Lockheed Martin (LMT) shares jump on better-than-expected earnings, optimistic 2026 forecast, and agreement to quadruple THAAD missile production with the Department of Defense.
Pentagon Invests $1 Billion in L3Harris Missile Business Spinoff
L3Harris Technologies to spin off missile unit as standalone company with $1B Pentagon investment. IPO planned for late 2026 to boost U.S. rocket motor production capacity.