Ultra Electronics Holdings PLC Contract wins (5119X)

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

CNTBIBFTMBJTBRR

(END) Dow Jones Newswires

November 27, 2017 02:00 ET (07:00 GMT)