• Cobham Ultra, an Advent portfolio company, agreed to sell Ultra Maritime to Lockheed Martin for USD 3.45 billion.
• Ultra Maritime provides undersea warfare systems, with a focus on next-generation anti-submarine warfare capabilities for allied naval forces.
• Advent invested about USD 170 million since 2022 to expand product development and manufacturing, including building an independent sonobuoy capability.
• Ultra Maritime revenue grew about 17% per year over the past three years.
• The deal is subject to customary regulatory approvals and closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Advent International Corporation published the original content used to generate this news brief on July 06, 2026, and is solely responsible for the information contained therein.