Ultra Electronics Holdings PLC Contract win (5142I)
June 20 2017 - 1:00AM
UK Regulatory
TIDMULE
RNS Number : 5142I
Ultra Electronics Holdings PLC
20 June 2017
Embargoed until 0700 20 June 2017
Ultra Electronics Holdings plc
("Ultra" or "the Group")
Ultra awarded $18m contract for an integrated security
system
Ultra Electronics will deliver a major surveillance and security
system valued at $18 million (USD) over the next 26 months. It is
also planned for the Group's Communications & Integrated
Systems business (CIS) to provide five years of specialist support
over the course of the system's use. Due to security
considerations, no further information can be provided in relation
to this award.
Rakesh Sharma, Chief Executive of Ultra Electronics stated:
"I am pleased we have signed this agreement which recognises
Ultra's position in the supply of surveillance and security systems
to an international customer. Our wide portfolio of capabilities
was key to securing the initial contract and we are delighted by
the agreement to provide long-term support for the programme."
- ENDS -
Enquiries:
Rakesh Sharma, Chief Executive 020 8813 4307
Susan McErlain, Corporate Affairs Director 07836 522 722
James White, MHP Communications 020 3128 8756
www.ultra-electronics.com
020 8813 4321
Further information about Ultra:
Ultra Electronics is an internationally successful defence,
security, transport and energy company with a long 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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