[Lockheed Martin completes acquisition of Ultra Maritime for US$3.45 billion] On October 26, Lockheed Martin announced that it has completed the acquisition of Ultra Maritime, an underwater combat technology company, for a transaction amount of US$3.45 billion. Ultra Maritime focuses on underwater warfare and anti-submarine warfare technology. Its products include sonar systems, sonobuoys, torpedo defense systems, radar solutions and autonomous maritime perception platforms. Upon completion of the acquisition, Ultra Maritime will be integrated into Lockheed Martin's Rotorcraft 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 maritime platforms.