LMT · Earnings call · 2026Q3T · Full report
Acquisition / Partnership / Divestiture
LOCKHEED MARTIN CORP · 2026-10-22 · Importance 34 · Surprise 42 · In source text
The Ultra Maritime acquisition remained on track to close in the fourth quarter of 2026. Management said all regulatory approvals required to close had been received and that the acquisition is expected to be funded with cash on hand. The company said its cash position also allows it to consider other opportunistic investments that strengthen its portfolio and provide long-term growth.
Key facts
- Lockheed Martin plans to close its acquisition of Ultra Maritime in 2026, with the transaction paid fully in cash.
- Lockheed Martin is partnering with IBM to establish a quantum innovation hub in Switzerland.
- Lockheed Martin’s Ultra Maritime acquisition remained on track to close in Q4 2026; required regulatory approvals had been cleared and the acquisition was expected to be funded with cash on hand.
- At RIMPAC, Lockheed Martin and Saildrone went from concept to a live-fire missile launch from an unmanned surface vessel in less than six months.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | — | Lockheed Martin’s Ultra Maritime acquisition remained on track to close in Q4 2026; required regulatory approvals had been cleared and the… |
| assets | positive | probable | — | Lockheed Martin’s Ultra Maritime acquisition remained on track to close in Q4 2026; required regulatory approvals had been cleared and the… |