United States defence and aerospace giant Lockheed Martin has acquired Nova Scotia-based undersea defence company Ultra Maritime for $3.45 billion US.
Don’t we want to keep our home grown industries?
United States defence and aerospace giant Lockheed Martin has acquired Nova Scotia-based undersea defence company Ultra Maritime for $3.45 billion US.
Don’t we want to keep our home grown industries?
Ultra Maritime has been foreign owned for quite a while, so nothing’s really changing on that front. This is more of a consolidation issue; Lockheed already has a Dartmouth office, and acquiring a Dartmouth company makes for one less employer in town.