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Lockheed Martin completes acquisition of Ultra Maritime for $3.45 billion

The Motley Fool +1 · ·by G4L

LMT Lockheed Martin Corp
$588.19 +3.72%
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  1. 1Lockheed Martin completed the acquisition of Ultra Maritime on Monday, October 26.
  2. 2The acquisition amount for Lockheed Martin is $3.45 billion.
  3. 3Ultra Maritime recorded an annual revenue growth rate of 17% during its ownership by Advent.

So what's the key point?

Lockheed Martin purchased Ultra Maritime for $3.45 billion. Ultra Maritime has been growing its revenue by 17% every year.

Source The Motley Fool +1 · View original ↗

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