LMT · News · 20261102N
Acquisition / Partnership / Divestiture
LOCKHEED MARTIN CORP · 2026-11-02 · Importance 71 · Surprise 60 · In source text
Lockheed Martin completed its $3.45 billion acquisition of Ultra Maritime, a Nova Scotia-based undersea defense company, last week after agreeing to the deal in July 2026. The acquisition expands Lockheed Martin’s undersea-warfare capabilities amid rising global demand. Lockheed Martin Canada also plans to add up to 320 jobs in Nova Scotia over the next five years.
Key facts
- Lockheed Martin Canada plans to add up to 320 skilled jobs in Nova Scotia over the next five years. source
- Lockheed Martin is committing billions of dollars to expand munitions and hypersonic capacity across U.S. facilities. source
- Lockheed Martin completed its $3.45-billion acquisition of Nova Scotia-based Ultra Maritime, an undersea defence company specializing in anti-submarine warfare; the acquisition was finalized last week after a July deal. source
- Lockheed Martin announced plans to invest $420 million in Camden, Arkansas, creating 650 new jobs. source
- Lockheed Martin's $420 million capital investment in Camden, Arkansas, is expected to create 650 new full-time jobs over five years. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | -0.3% | Lockheed Martin's $420 million capital investment in Camden, Arkansas, is expected to create 650 new full-time jobs over five years. |
| cash | negative | committed | — | Lockheed Martin is committing billions of dollars to expand munitions and hypersonic capacity across U.S. facilities. |
| assets | positive | realized | — | Lockheed Martin completed its $3.45-billion acquisition of Nova Scotia-based Ultra Maritime, an undersea defence company specializing in… |