Ultra Electronics Holdings PLC Contract win (5142I)

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 
 

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This information is provided by RNS

The company news service from the London Stock Exchange

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June 20, 2017 02:00 ET (06:00 GMT)