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ULE ProShares Ultra Euro

11.6701
0.1001 (0.87%)
Last Updated: 20:15:00
Delayed by 15 minutes
Name Symbol Market Type
ProShares Ultra Euro AMEX:ULE AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.1001 0.87% 11.6701 11.6701 11.60 11.66 5,416 20:15:00

Re Contract

11/11/2003 7:00am

UK Regulatory


RNS Number:9008R
Ultra Electronics Holdings PLC
11 November 2003


Embargoed until 0700 11 November 2003



                         Ultra Electronics Holdings plc

                            ("Ultra" or "the Group")



        Ultra to supply HiPPAG for US unmanned combat air vehicle programme



Ultra announces that its Precision Air Systems business is to supply its HiPPAG
airborne high pressure air compressor for Boeing's X-45 Unmanned Combat Air
Vehicle (UCAV) programme.  HiPPAG will be located in the integrated weapons bay
hoist and will provide the pneumatic energy required to eject munitions from the
X-45 unmanned aircraft.



The X-45 Joint Unmanned Combat Air System (J-UCAS) is being developed by
Boeing's Phantom Works to demonstrate the military value of UCAV systems for the
US Air Force and Navy.



The X-45 J-UCAS aircraft is derived from the X-45A technology demonstrators that
continue in flight test to verify their suitability for various USAF and USN
missions.



Dr Julian Blogh, Chief Executive, Ultra Electronics, commented:

"The selection of Ultra's unique HiPPAG compressors for the X-45 J-UCAS
programme is an important strengthening of the Group's position in the strategic
and fast growing unmanned vehicle equipment sector.  It augments the success of
HiPPAG on US Navy F/A-18 E/F aircraft in recent operations and also its
selection for use in the weapons ejection system of the F-35 Joint Strike
Fighter aircraft.  Boeing has also adopted HiPPAG for its Small Diameter Bomb
programme in order to launch small, smart munitions from existing USAF and USN
aircraft."



                                    - Ends -


Enquiries:
Ultra Electronics Holdings plc           020 8813 4300
Dr Julian Blogh, Chief Executive         www.ultra-electronics.com
                                         information@ultra-scs.com


Weber Shandwick Square Mile              020 7067 0700
Susan Ellis or Susanne Walker





NOTES TO EDITORS:

Ultra Electronics is a group of specialist businesses designing, manufacturing
and supporting electronic and electromechanical systems, sub-systems and
products for aircraft, ships, submarines, armoured vehicles, airports and
transport systems worldwide.  The Group, which employs 2,700 people in the UK
and North America, focuses on high integrity sensing, control, communication and
display systems with an emphasis on integrated Information Technology solutions.



The Group concentrates on obtaining a technological edge in niche markets, with
many of its products and technologies being market leaders in their field.
Ultra has an increasing role of supporting prime contractors by undertaking
specialist system and sub-system integration using the combined expertise of the
Group businesses.



Ultra is organised into three divisions as follows:

Tactical & Sonar Systems including secure tactical line-of-sight radio systems,
multiplexers and switches; tactical datalinks; cryptographic equipment; active,
passive and multi-static sonobuoys; sonobuoy receivers and processors;
distributed surveillance sensor arrays; ship's sonar systems and ship's torpedo
defence systems



Aircraft & Vehicle Systems including miniature airborne compressors; high
integrity software and systems; aircraft system electronics; aircraft noise and
vibration control; propeller de-icing, balancing and control systems; armoured
vehicle electronic information and control systems, human/computer interface
equipment and shared working environment solutions.



Information & Power Systems including command and control systems equipment;
weapons interfacing electronics; radar tracking; electro optical tracking;
surveillance systems; naval data processing and distribution; airport and
airline information management systems; ID card systems; naval power conversion;
signature management of naval vessels; transit system power conversion and
control.





                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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