Advent’s Cobham Ultra agrees to sell Ultra Maritime to Lockheed for USD 3.45 billion

Lockheed Martin Corporation

Lockheed Martin Corporation

LMT

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  • Cobham Ultra, backed by Advent International, agreed to sell Ultra Maritime to Lockheed Martin for USD 3.45 billion.
  • Ultra Maritime supplies undersea warfare systems, including sonar and acoustic sensing technologies for anti-submarine warfare missions.
  • Advent invested about USD 170 million since 2022 to expand product development and manufacturing capacity, including an independent sonobuoy capability.
  • Annual revenue grew about 17% per year over the past three years.
  • Closing remains subject to customary regulatory approvals and other closing conditions.


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