$LMT just completed its $3.45B acquisition of Ultra Maritime, a defence company that specializes in detecting and countering submarine and underwater threats, which has operations in Dartmouth, Nova Scotia. It’s interesting to see investment like this happening in Canada. Also caught my eye how much interest the big defence players like $LMT have in this area. This really had me thinking about the valuations they’re willing to pay here…. $3.5B is huge…. It is possible $PNG could have some more looks in the future from massive companies as the demand for underwater technology continues to grow. $PNG$KRKNF$LMT
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