Lockheed Martin buys Nova Scotia's Ultra Maritime for $3.45 billion

What Ultra Maritime makes

Sonar solutions
Sonobuoys
Torpedo defence systems

Ultra Maritime, based in Dartmouth, Nova Scotia, makes sonar, sonobuoys and torpedo defence systems for allied navies in more than 30 countries, including Canada and the US.

The two companies signed the deal in July, and Lockheed Martin completed it last week. It had been an investor in Ultra Maritime since 2022.

And us?

Skilled jobs promised in Nova Scotia

320 jobs

Lockheed Martin Canada has committed to adding up to 320 skilled jobs in Nova Scotia within five years. The federal government said Ultra Maritime employed more than 250 people in Dartmouth as of last year.

Canada · 3 d ago

Lockheed Martin buys Nova Scotia's Ultra Maritime for $3.45 billion

Ultra Maritime, based in Dartmouth, Nova Scotia, makes sonar, sonobuoys and torpedo defence systems for allied navies in more than 30 countries, including Canada and the US.

The two companies signed the deal in July, and Lockheed Martin completed it last week. It had been an investor in Ultra Maritime since 2022.

And us? Lockheed Martin Canada has committed to adding up to 320 skilled jobs in Nova Scotia within five years. The federal government said Ultra Maritime employed more than 250 people in Dartmouth as of last year.

Lockheed Martin buys Nova Scotia's Ultra Maritime for $3.45 billion

Also read