Approved · Notification · Phase 1 · decided in 28 days, 11 Sept 2026
Lockheed Martin Corporation, a global aerospace and defence company, proposes to acquire the entire issued share capital of Ultra Maritime. Ultra Maritime, including Ultra Electronics Australia Pty Limited, is a naval defence technology business supplying maritime and undersea warfare solutions. This is a share acquisition in the defence and aerospace 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'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.