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Mergers & AcquisitionsMediumUpdated×2•Originally published 6 July 2026•Updated 6 July 2026•
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Lockheed Martin Signs Definitive $3.45 Billion Deal to Acquire Ultra Maritime

Key Facts

1Lockheed Martin is leading the race to acquire naval defense firm Ultra Maritime in a deal valued at approximately $3.5 billion.
2Guggenheim and JPMorgan are advising on the sell side, with a deal potentially announced as early as this week.

In a strategic move to bolster its maritime defense leadership, Lockheed Martin officially signed a definitive agreement to acquire Ultra Maritime for $3.45 billion. The deal, finalized on July 6, 2026, specifically targets the reinforcement of anti-submarine warfare (ASW) capabilities. According to reports, Guggenheim and JPMorgan acted as financial advisors to the sell side, marking the conclusion of the previously rumored negotiations.

The acquisition underscores a broader trend of consolidation in the defense industry as contractors move to integrate specialized naval technologies. Reflecting the activity of the deal's advisors, JPMorgan (JPM) shares were priced at $334.47 (close July 2, 2026) per market data, while peer financial institution Bank of America (BAC) stood at $58.73 (close July 2, 2026).

Investors are now shifting focus toward integration timelines and regulatory clearance, with Lockheed Martin (LMT) shares closing at $545.91 (close July 2, 2026). With no major sector catalysts in the upcoming seven-day economic calendar, the stock's performance is expected to be driven by market sentiment regarding the deal's long-term accretive value and financing structure.