Lockheed Martin announced that it has completed the acquisition of the underwater warfare technology company Ultra Maritime, with a transaction value of US$3.45 billion. Ultra Maritime focuses on underwater combat and anti-submarine warfare technology. Its products include sonar systems, sonar buoys, torpedo defense systems, radar solutions, and autonomous maritime sensing platforms. Once the acquisition is complete, Ultra Maritime will be merged into Lockheed Martin's Rotor and Mission Systems business unit. The company said the acquisition will expand its anti-submarine warfare technology portfolio and enhance its ability to provide sonar solutions for next-generation offshore platforms.

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