Ultra Electronics Holdings PLC Contract wins (5119X)
November 27 2017 - 1:00AM
UK Regulatory
TIDMULE
RNS Number : 5119X
Ultra Electronics Holdings PLC
27 November 2017
27 November 2017
Ultra Electronics Holdings plc
("Ultra" or "the Group")
Ultra awarded contracts worth GBP26m
Ultra Electronics is pleased to announce two contract
awards.
The Group's Communication & Integrated Systems (CIS)
business, based in Greenford, UK, has been awarded a UK contract
valued at GBP16.6 million to support the provision of advanced
surveillance capability until 2019. The Group will also provide
specialist support over the course of the system's use.
Ultra's Precision Control Systems (PCS) business, based in
Cheltenham, UK, has been awarded a contract valued at GBP9 million
from defence and security company Saab of Sweden. Under this
contract, PCS will supply its world-leading HiPPAG airborne
compressor system solution for the new Gripen E/F fighter aircraft.
Saab has been awarded contracts by the Swedish and Brazilian air
forces and is well positioned to win further export contracts. Due
to commercial and security considerations, no further information
can be provided in relation to this award.
Douglas Caster, Executive Chairman of Ultra Electronics
commented: "We are pleased to have received these significant
contracts which demonstrate our wide portfolio of capabilities and
our world-leading technology. These contracts underpin the
long-term success of the Group and highlight Ultra's ability to
work closely with both Government and Industry.
- Ends -
Enquiries:
Douglas Caster, Executive Chairman 02088134307
Ami Sharma, Group Finance Director
Susan McErlain, Corporate Affairs Director 07836522722
James White, MHP Communications 02031288756
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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