Ultra Electronics Holdings PLC Contract Win (9426L)
October 10 2016 - 1:00AM
UK Regulatory
TIDMULE
RNS Number : 9426L
Ultra Electronics Holdings PLC
10 October 2016
Embargoed until 0700 10 October 2016
Ultra Electronics Holdings plc
("Ultra" or "the Group")
Ultra Electronics awarded $82m contract for control and
monitoring
of US Navy critical infrastructure
Ultra Electronics today announced the award of a US $34.6
million cost-plus-fixed-fee contract by the Department of the Navy
to continue providing cyber-secure critical infrastructure
solutions. Initial tasks of US $13.9 million should be completed by
September 2017.
The contract includes options which, if exercised, will bring
the cumulative value to more than US $82 million and extend the
contract through September 2020.
Under the contract, Ultra Electronics, 3eTI will continue to
work with the Navy to design, develop, integrate and install a
variety of cyber-secure systems for critical infrastructure control
and monitoring. These solutions include intrusion detection,
industrial control systems, and endpoint security. Work will be
performed in California, Hawaii and in the Washington, DC,
areas.
"We are pleased to have the Department of Defense's continued
confidence in delivering cyber-physical network solutions that
afford a defense-in-depth framework for ensuring energy security,"
said Rakesh Sharma, Chief Executive, Ultra Electronics. "The award
underscores the significance of Ultra and 3eTI's many
accreditations and certifications in the security and cyber domains
for federal applications."
- 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
END
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