Baltimore, Washington, D.C.– Global law firm Hogan Lovells Cadwalader has advised Lockheed Martin (NYSE: LMT), a global defense technology company, in connection with its agreement to acquire Ultra Maritime, a global defense company specializing in advanced undersea warfare and anti-submarine warfare (ASW) capabilities for allied naval forces, for US$3.45 billion.
Ultra Maritime develops and delivers mission-critical systems including sonar technologies, sonobuoys, torpedo defense systems, radar solutions, and autonomous maritime sensing platforms. Ultra Maritime’s international footprint and portfolio will complement and expand Lockheed Martin’s ability to offer sonar solutions across next-gen maritime platforms. Upon closing, the team will become part of Lockheed Martin’s Rotary and Mission Systems business area.
More information on the transaction can be found here.
The deal team was led by partner David Gibbons (M&A, Baltimore and Washington, D.C), senior associates Frank Liu (M&A, Washington, D.C.) and Katelyn Parchman (M&A, Baltimore), associates Alyssa Wallace (M&A, Washington, D.C.) and Natalie Lake (M&A, Baltimore), and in the U.K. by partners Peter Watts and Caitlin Weeks (both Corporate/M&A, London), and associate Zuzanna Krzyzos (M&A, London).
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