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Lockheed Martin acquires Nova Scotia-based undersea defence company for $3.45-billion

Marcus Chen
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN

Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.

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Managing Editor · Monday, November 2, 2026 at 2:17 AM · 1 min read
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Lockheed Martin acquires Nova Scotia-based undersea defence company for $3.45-billion  — Toronto Business news

United States defence and aerospace giant Lockheed Martin LMT-N has acquired Nova Scotia-based undersea defence company Ultra Maritime for $3.45-billion.

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