Ultra Electronics Holdings PLC Contract (1777T)
January 04 2017 - 2:00AM
UK Regulatory
TIDMULE
RNS Number : 1777T
Ultra Electronics Holdings PLC
04 January 2017
Embargoed until 0700 4 January 2017
Ultra Electronics Holdings plc
("Ultra" or "the Group")
Ultra awarded extension to Sonobuoy Capability
contract valued at GBP9.7 million
Ultra Electronics announced today that its Command & Sonar
Systems sonobuoy facility, based in Greenford, Middlesex, has been
awarded a GBP9.7m contract extension for the supply and production
of sonobuoys for the Royal Navy's Merlin Mk2 Maritime Patrol
Helicopter fleet.
The Group was initially awarded a contract in 2015 to supply
sonobuoys for the Royal Navy's Merlin Mk2 Maritime Patrol
Helicopter. This contract extension ensures that the Royal Navy
will continue to maintain a persistent Anti-Submarine Warfare
surveillance capability against hostile submarines. It also enables
Ultra to support future technology capability insertion and
international collaboration.
Rakesh Sharma, Chief Executive of Ultra commented:
"Ultra is delighted to have secured an extension to this
important contract. Our long-standing partnership with the Merlin
project team has allowed us to sustain and further develop the
nation's airborne anti-submarine warfare capability, preserving a
key battle-winning advantage for UK armed forces."
- Ends -
Enquiries:
Rakesh Sharma, Chief
Executive
Amitabh Sharma, Group
Finance Director 020 8813 4307
Susan McErlain, Corporate
Affairs Director 07836 522 722
James White, MHP Communications 020 3128 8756
www.ultra-electronics.com
Further information about Ultra:
Ultra Electronics is an internationally successful defence,
security, transport and energy company with a long, consistent
track record of development and growth. The Group manages a
portfolio of specialist capabilities generating innovative
solutions to customer needs. Ultra applies electronic and software
technologies in demanding and critical environments ranging from
military applications, through safety-critical devices in aircraft,
to nuclear controls and sensor measurement. These capabilities have
seen the Group's highly differentiated products contributing to a
large number of platforms and programmes.
Ultra has world-leading positions in many of its specialist
capabilities and, as an independent, non-threatening partner, is
able to support all of the main prime contractors in its sectors.
As a result of such positioning, Ultra's systems, equipment or
services are often mission or safety-critical to the successful
operation of the platform to which they contribute. In turn, this
mission-criticality secures Ultra's positions for the long term
which underpins the superior financial performance of the
Group.
Ultra offers support to its customers through the design,
delivery and support phases of a programme. Ultra businesses have a
high degree of operational autonomy where the local management
teams are empowered to devise and implement competitive strategies
that reflect their expertise in their specific niches. The Group
has a small head office and executive team that provide to the
individual businesses the same agile, responsive support that they
provide to customers as well as formulating Ultra's overarching,
corporate strategy
Across the Group's three divisions, Ultra operates in the
following eight market segments:
* Land
* Aerospace
* Maritime
* Communications
* Nuclear
* C2ISR
* Infrastructure * Underwater Warfare
.
This information is provided by RNS
The company news service from the London Stock Exchange
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