Hogan Lovells Cadwalader advises Lockheed Martin in pending acquisition of Ultra Maritime Solutions

Hogan Lovells Cadwalader has provided legal counsel to Lockheed Martin (NYSE: LMT), a global leader in defense technology, in its agreement to acquire Ultra Maritime Solutions for $3.45 billion. Ultra Maritime Solutions specializes in advanced undersea warfare and anti-submarine warfare capabilities for allied naval forces.

About Ultra Maritime Solutions

Ultra Maritime Solutions is recognized for developing and supplying critical maritime systems including:

  • Sonar technologies
  • Sonobuoys
  • Torpedo defense solutions
  • Radar systems
  • Autonomous maritime sensing platforms

The acquisition is set to enhance Lockheed Martin’s capacity to provide advanced sonar solutions for next-generation maritime platforms by integrating Ultra Maritime’s international presence and diverse product portfolio.

Upon completion, Ultra Maritime will be integrated into Lockheed Martin’s Rotary and Mission Systems division, strengthening its position in naval defense technologies.

The transaction was managed by a team of legal experts from Hogan Lovells Cadwalader, comprising:

  • 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)
  • United Kingdom-based partners Peter Watts and Caitlin Weeks (Corporate/M&A, London)
  • Associate Zuzanna Krzyzos (M&A, London)

Additional Information

Further details on this significant transaction are available on Lockheed Martin’s official news portal.

Key Takeaways

  • Hogan Lovells Cadwalader acted as legal counsel for Lockheed Martin in acquiring Ultra Maritime Solutions for $3.45 billion.
  • Ultra Maritime specializes in undersea and anti-submarine warfare maritime technologies.
  • The acquisition enhances Lockheed Martin’s sonar and maritime defense capabilities.
  • Ultra Maritime will join the Rotary and Mission Systems division of Lockheed Martin.
  • A multidisciplinary legal team from U.S. and UK offices managed the transaction.