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The Economic Times

Top News / The Economic Times

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Lockheed Martin to buy Ultra Maritime for $3.45 billion

Ultra Maritime will become a part of Lockheed's rotary and mission systems, which reported revenue of $17.3 billion in 2025 and employs 35,000 people worldwide. Sustained conflicts in Ukraine and the Middle East, and U.S. President Donald Trump's $1.5 trillion defense budget request for 2027 are driving up demand for weapons and military technology, pushing defense contractors to expand their capabilities.

7 Jul 2026 1:28 am