Lockheed Martin is nearing a deal worth approximately $3.5 billion to acquire the anti-submarine warfare unit of Ultra Electronics, according to market reports on July 5, 2026.
Guggenheim and JPMorgan are advising Advent International on the sale of the defense technology business. The transaction would expand Lockheed’s portfolio in undersea warfare systems at a time of heightened naval competition.
Defense consolidation has accelerated as governments increase spending on maritime surveillance and submarine detection. Ultra’s unit specializes in sonar and related technologies used by NATO navies.
Neither company had issued final confirmation of terms as trading opened, but sources familiar with negotiations described the agreement as close to completion.
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Sources:
https://www.cnbc.com/2026/07/05/stock-market-today-live-updates.html