Lockheed Martin Corporation (NYSE:LMT) stock traded lower on Monday after the company signed a definitive agreement to acquire Ultra Maritime for $3.45 billion.
The acquisition will expand Lockheed Martin’s undersea and anti-submarine warfare capabilities for U.S. and allied naval forces.
• See what LMT stock is doing now
Lockheed Expands Maritime Defense Portfolio
Ultra Maritime develops mission-critical maritime defense systems, including sonar technologies, sonobuoys, torpedo defense systems, radar solutions and autonomous sensing platforms.
The acquisition will broaden Lockheed Martin’s sonar offerings for next-generation maritime platforms. Ultra Maritime’s exportable products include sonobuoys, towed sonar arrays, and hull-mounted sonar systems.
Ultra Maritime To Join Lockheed Unit
After the transaction closes, Ultra Maritime will become part of Lockheed Martin’s Rotary and Mission Systems business area.
"By joining forces with Ultra Maritime, we’re accelerating our commitment to deliver the most advanced undersea and anti-submarine warfare capabilities to our U.S. and allied partners across the globe," said Stephanie C. Hill, president of Lockheed Martin Rotary and Mission Systems.
Advent Highlights Operational Progress
Advent International backed Ultra Maritime since 2022, investing to improve execution, expand industrial capacity and support innovation.
Shonnel Malani, managing partner at Advent, said Ultra Maritime had mission-critical technology but had previously been underinvested and underperforming.
Over four years, Advent strengthened the business into a more innovative partner for allied navies, with improved execution, greater industrial capacity, and next-generation autonomous solutions.
Critical Levels To Watch for LMT Stock
From a trend perspective, LMT is trying to stabilize after a choppier stretch: it’s trading about 3% above its 20-day and 50-day SMAs, but still about 7% below its 100-day SMA and just under its 200-day SMA.
Momentum looks like it’s improving: MACD is above its signal line, and the histogram is positive, which typically indicates downside pressure is easing relative to the prior downswing.
- Key Resistance: $541 — Nearby ceiling close to the 200-day SMA area where rebounds can stall.
- Key Support: $510 — Nearby floor that sits below recent trading and can act as a "line in the sand" if the pullback deepens
Lockheed Martin Earnings Preview for July 2026
Investors are now looking ahead to Lockheed Martin’s July 23 earnings report.
Analysts expect EPS of $7.23, down from $7.29 a year earlier, while revenue is projected to rise to $19.37 billion from $18.16 billion. The stock trades at a P/E ratio of 26.4x, indicating a premium valuation relative to peers.
LMT held cash and cash equivalents of $4.121 billion as of Dec. 31, 2025.
Analyst Consensus & Recent Actions: The stock carries a Hold rating with a consensus price target of $573.25. Recent analyst moves include:
- Citigroup: Upgraded to Buy (Raises target to $582 on July 1)
- Citigroup: Neutral (Lowers target to $571 on May 18)
- Morgan Stanley: Equal-Weight (Lowers target to $653 on April 24)
LMT Stock Price Activity: Lockheed Martin shares were down 1.54% at $537.49 at the time of publication on Monday, according to Benzinga Pro data.
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