The Aporia · Defence giant Lockheed Martin acquires N.S.-based undersea warfare company

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🔮 Ultra Maritime says it employs about 2,000 people in five countries, and as of last year, the federal government said the company employed more than 250 people in Dartmouth, N.S. Lockheed Martin’s president of Rotary and Mission Systems, Stephanie Hill, says the acquisition of Ultra Maritime will allow it to meet the growing demand for undersea warfare capability worldwide.

2026-11-01 · assertive framing · Defence giant Lockheed Martin acquires N.S.-based undersea warfare company

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DARTMOUTH Lockheed Martin N.S. Nova Scotia Ultra Maritime

Subjects

Ultra Maritime ORG · 8× DARTMOUTH GPE · 3× Lockheed Martin ORG · 3× Canada GPE · 2× N.S. GPE · 2× Nova Scotia GPE · 2× U.S. GPE · 2× Cossar (Canada) Ltd. ORG · 1× Lockheed Martin’s ORG · 1× United States GPE · 1×

Narrative

Ultra Maritime says it employs about 2,000 people in five countries, and as of last year, the federal government said the company employed more than 250 people in Dartmouth, N.S. Lockheed Martin’s president of Rotary and Mission Systems, Stephanie Hill, says the acquisition of Ultra Maritime will allow it to meet the growing demand for undersea warfare capability worldwide.

framing: assertive · carried by 1 article(s) · first seen 2026-11-02

2026-11-02 · Toronto Star

Defence giant Lockheed Martin acquires N.S.-based undersea warfare company · assertive framing

Claims (13 extracted, 0 hedged)

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

Martin → acquire → billion

Lockheed Martin completed its acquisition of Ultra Maritime last week after the two companies signed a deal in July. asserted

companies → complete → July

Lockheed Martin says it had been an investor in Ultra Maritime since 2022. asserted

it → say → 2022

Based in Dartmouth, N.S., and founded in 1947 as Cossar (Canada) Ltd., Ultra Maritime specializes in advanced undersea and anti-submarine warfare. asserted

Maritime → base → warfare

The company’s website says it manufactures sonar solutions, sonobuoys and torpedo defence systems to detect and track submarine threats for allied navies in more than 30 countries, including Canada and the U.S. asserted

it → say → Canada

it → say → capability

“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 a statement from Hill. asserted

statement → join → Hill

The announcement comes after a recent surge in investment in defence and shipbuilding in Nova Scotia. asserted

announcement → come → Scotia

After inking the deal with Ultra Maritime, Lockheed Martin Canada also partnered with Invest Nova Scotia in July, committing to adding up to 320 skilled jobs in the province within the next five years. asserted

Canada → ink → years

It says it will add up to $126 million in salaries and benefits to the local economy based on growing demand for its Canadian-made combat management system. asserted

it → say → system

Earlier that month, Prime Minister Mark Carney also announced that German firm TKMS was the preferred bidder to build 12 new submarines for the Royal Canadian Navy. asserted

TKMS → announce → Navy

The deal is expected to increase the number of sailors, maintenance workers and naval suppliers in Halifax, home to Canada’s largest naval base. asserted

deal → expect → base

This report by The Canadian Press was first published Nov. 1, 2026. asserted

report → publish → Press

Defence giant Lockheed Martin acquires N.S.-based undersea warfare company

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Claims (13 extracted, 0 hedged)