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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[–] 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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