Lockheed Martin to Acquire Ultra Maritime Solutions for $3.45B

Fried Frank is advising Lockheed Martin, as tax counsel, on 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 $3.45 billion. The company 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 of exportable ASW products will complement and expand Lockheed Martin's ability to offer sonar solutions across next-gen maritime platforms. Read Lockheed Martin's press release for more information.

Tax partners Michael J. Alter and Oliver Currall are leading the transatlantic Fried Frank team, which also includes tax associates Zev Klein, Eames Armstrong, Andrew Dibden and Camilla Marzi.

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