Lockheed Martin pursues Ultra Marine deal

Lockheed Martin advances in the race to acquire Ultra Marineitam for approximately $3.5 billion. Ultra Marineitam specializes in anti-submarine warfare technologies and produces radar systems, electronic warfare systems, and counter-torpedo devices. The deal is expected to be announced later this week, although negotiations are still ongoing between the involved parties. This comes amid a global increase in military spending, projected to reach $2.89 trillion in 2025, with rising demand for military technologies amid ongoing international conflicts.

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