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Defence giant Lockheed Martin acquires N.S.-based undersea warfare company (www.cbc.ca)
submitted 1 week ago by to c/canada@lemmy.ca
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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?

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[–] 8 points 1 week ago (1 child)

They talk tough about Stelco to drum up nationalist sentiments. While they continue to sell everything to foreign companies and billionaires.

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  • [–] 3 points 1 week ago

    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.

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