{
  "id": 17598285,
  "title": "Defense Giant Lockheed Martin Just Got a Little Bigger",
  "url": "https://urgent.news/2026/11/01/defense-giant-lockheed-martin-just-got-a-little-bigger",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T12:07:00.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/01/defense-giant-lockheed-martin-just-got-a-little-bi/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Lockheed Martin, the world's leading defense contractor, recently made a significant acquisition by purchasing Ultra Maritime for $3.45 billion. This deal, finalized on October 26th, 2022, brings the sonobuoy, towed sonar array, and hull-mounted sonar specialist under Lockheed's umbrella. The defense giant, known for its aerospace products, including the fourth-generation F-16 fighter jets and the fifth-generation F-35 stealth fighters, is also a major player in missile systems and rotary and mission systems. However, Lockheed's rotary and mission systems division, which includes helicopters, warships, and other ventures, is the second-largest division by sales with $19.7 billion in annual revenue. This acquisition is expected to enhance Lockheed's profit margins and growth rate. While the exact financial details of Ultra Maritime are not disclosed, experts believe it may be generating around $1 billion in annual revenue. If this figure holds true, the acquisition would effectively double the revenue of Lockheed's rotary and mission systems division. Despite the steep price-to-sales ratio of about 3.5, Lockheed's recent performance and growth rate of nearly 18% over the next five years make this acquisition an intriguing prospect for investors.",
  "summary": "Aerospace giant takes a brief detour under the sea to scoop up a sonobuoy and sonar company.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Defense Giant Lockheed Martin Just Got a Little Bigger",
        "url": "https://urgent.news/2026/11/01/defense-giant-lockheed-martin-just-got-a-little-bigger-17606225",
        "published": "2026-11-01T12:27:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}