Lockheed Martin Reportedly Pursuing $3.5B Ultra Maritime Acquisition
LMT sits 33% above its 52-week low of $410.11.
Summary
Lockheed Martin is reportedly in talks to acquire Ultra Maritime, an undersea defense specialist, for approximately $3.5 billion. This potential acquisition, if confirmed, would be a material strategic move to expand Lockheed's capabilities. The news comes as part of a weekly recap that also mentions the company's previously reported Q1 earnings miss from April. Lockheed has recently secured significant contracts, including an $8.4 billion modification for Precision Strike Missiles and a $35 billion THAAD interceptor contract. Q2 2026 earnings are scheduled for July 23rd, which may provide further updates.
At the time of this announcement, LMT was trading at $545.46 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $125.9B. The 52-week trading range was $410.11 to $692.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.