Lockheed Martin leads race to buy Ultra Maritime in roughly $3.5 billion deal, CNBC says

According to CNBC, Lockheed Martin is leading the race to buy naval defense group Ultra Maritime in a deal valued at roughly $3.5 billion, citing sources. Guggenheim and JPMorgan are advising on the sell side, and Ultra Maritime is owned by private equity firm Advent International and specializes in anti-submarine technology, including radar and electronic warfare systems and torpedo defense countermeasures. A Financial Times report last week said talks were ongoing and a deal could be announced as early as this week.