WS #11275
Financial Times reports Lockheed Martin is in the lead to buy naval tech group Ultra Maritime for ~$3.5B, with a deal possible as early as next week. Bullish for LMT and defense sector. Federal government and BC agree to keep North Coast tanker ban but clear path for new Alberta pipeline, with billions in federal support for BC projects. Supports Canadian energy producers and pipeline companies. EU unveiled intelligence that China's military trained Russian troops before they were sent to Ukraine, escalating geopolitical tensions and potentially increasing defense spending.
Lockheed Martin Frontrunner for Ultra Maritime Acquisition
Financial Times reports Lockheed Martin is in the lead to buy naval tech group Ultra Maritime for ~$3.5B, with a deal possible as early as next week. Bullish for LMT and defense sector.
Federal government and BC agree to keep North Coast tanker ban but clear path for new Alberta pipeline, with billions in federal support for BC projects. Supports Canadian energy producers and pipeline companies.
EU unveiled intelligence that China's military trained Russian troops before they were sent to Ukraine, escalating geopolitical tensions and potentially increasing defense spending.