Processing timeline
28
days
Filed
14 Aug 2026
Decision Due
25 Sept 2026
Est decision date: 16 Sept 2026. Based on 90 decided Professional & Business Services notifications.
Acquirer(s)
RLM SYSTEMS PTY LIMITED ABN - 67 050 753 403
Target(s) or Vendor(s)
Ultra Electronics Australia Pty Ltd ABN - 48 127 336 841
Other parties
Lockheed Martin Corporation US Department ID - D03964756, Ultra Electronics Holdings Limited registered number 02830397
Global aerospace and defence company Lockheed Martin Corporation proposes to acquire the entire issued share capital of naval defence technology business Ultra Maritime. Ultra Maritime specialises in maritime and undersea warfare solutions, including sonar systems, sonobuoys, and torpedo technologies. This is a share acquisition in the defence sector.
Lockheed Martin Corporation ( Lockheed Martin ) proposes to acquire the entire issued share capital of Ultra Electronics Australia Pty Limited, Ultra Sonar Systems Ltd., Ultra Electronics Maritime Systems, Inc., Ultra Electronics, Inc. and their direct and indirect subsidiaries (together comprising Ultra Maritime ) (the Acquisition ). Lockheed Martin is a global aerospace and defence company headquartered in Bethesda, Maryland, US. Lockheed Martin researches, designs, develops, manufactures and sustains advanced technology systems, products and services for defence, security and aerospace customers. In Australia, Lockheed Martin's operations are predominantly conducted through its wholly owned subsidiary, Lockheed Martin Australia Pty Ltd. Ultra Maritime is a naval defense technology business headquartered in Braintree, Massachusetts, US, with manufacturing facilities in the US, Canada, the UK and Australia. Ultra Maritime designs, develops and supplies maritime and undersea warfare solutions for manned and unmanned platforms, including sonar systems, sonobuoys and receivers, torpedo technologies and radars.