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Press release archive - 2016


06/12/2016 Trading Statement

Ultra, the international defence, security, transport and energy group, today issues a scheduled Trading Statement ahead of its year end on 31 December 2016. Go to page 

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24/10/2016 Ultra Electronics awarded MK 48 Torpedo Contract worth up to $27 Million

Ultra Electronics announced today that its Ocean Systems business, based in Braintree, Massachusetts, has been awarded a contract valued at just over $6.6 million from Lockheed Martin for the non-recurring engineering, production of the MK 48 Torpedo Array Nose Assembly as well as engineering services and spares. Go to page 

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10/10/2016 Ultra Electronics awarded $82m contract for control and monitoring of US Navy critical infrastructure

Ultra Electronics today announced the award of a US $34.6 million cost-plus-fixed-fee contract by the Department of the Navy to continue providing cyber-secure critical infrastructure solutions. Initial tasks of US $13.9 million should be completed by September 2017. Go to page 

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22/09/2016 Ultra Electronics honoured with three Cogswell Awards for industrial security excellence

The US Defense Security Service (DSS) honoured Ultra Electronics with three James S. Cogswell Awards for industrial security excellence during a June 8, 2016, ceremony in Nashville, Tennessee. Go to page 

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19/09/2016 CORVID PayGate launched by Ultra Electronics

Ultra Electronics has today announced the launch of CORVID PayGate Limited, the new brand for Ultra Payments, (previously also known as Barron McCann Payments) the specialist in the development and supply of global strategic payment processing software, data validation and services to support automated banking and e-commerce. Go to page 

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07/09/2016 Ultra awarded £7.5m contract for restoration and sustainment of two Philippines Jacinto Class Patrol Vessels

Ultra awarded £7.5m contract for restoration and sustainment of two Philippines Jacinto Class Patrol Vessels Go to page 

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23/08/2016 Ultra completes divestment of ID cards business to LDC

Further to the announcement made on 27 May 2016, Ultra is pleased to confirm that the divestment of its global ID cards business to private equity firm LDC, for a cash consideration of £22m, has now received US regulatory approval and the transaction has been completed. Go to page 

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01/08/2016 Interim Results for the six months to 1 July 2016

"Market conditions have remained largely unchanged since our last preliminary announcement. US defence outlays ended the period close to budget levels but with higher spending in the first quarter compared to the second. The order book has increased over 2016; further, we have been selected for some significant orders in export markets with contract award expected in the second half. Our latest acquisition, Herley, performed well in the period and its integration is ahead of schedule. The proceeds of the recently announced disposal of ID Systems will be used to reduce Group debt. We continue to explore options to further rationalise and improve Ultra’s portfolio." Rakesh Sharma, Chief Executive. Go to page 

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18/07/2016 Ultra Electronics awarded a five year Acoustic Countermeasure Contract worth up to $34m

Ultra Electronics awarded a five year Acoustic Countermeasure Contract worth up to $34m Ultra Electronics announced today that its Ocean Systems business, based in Braintree, MA USA, has been awarded a firm one year contract valued at just over $4m from the US Navy for the continuing production of the ADC MK2 Countermeasure. Go to page 

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27/06/2016 Pre Close Trading Statement

Ultra, the international defence, security, transport and energy Group, today issues a pre- close trading statement, ahead of its Interim Results for 2016. Go to page 

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08/06/2016 Ultra Electronics Named EDF Energy Generation’s Supplier of the Year 2016

Ultra Electronics is proud to announce that it has been named Supplier of the Year during EDF Energy Generation’s 5th Annual Performance and Innovation Awards ceremony held on 17th May at the Gloucester Kingsholm Stadium, England. Go to page 

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26/05/2016 Ultra divests its ID cards business to LDC

Ultra announces that it has agreed to sell its global ID business, Ultra Electronics ID, to leading mid-market private equity firm LDC, for an initial cash consideration of £22m. Additional payments of up to £3m will be made subject to earnings growth over the next two years. Go to page 

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19/05/2016 Ultra Electronics Awarded an $18.4 Million Electronic Warfare Contract

Ultra Electronics Awarded an $18.4 Million Electronic Warfare Contract Go to page 

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04/05/2016 Ultra appoints new Group Finance Director

Ultra is pleased to announce that Amitabh Sharma has been appointed Group Finance Director with effect from 4 May 2016. Go to page 

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29/04/2016 Annual General Meeting notification

Ultra, the international defence, security, transport and energy company, today holds its Annual General Meeting at 10.00 a.m. Go to page 

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22/04/2016 Ultra awarded extension to Sonobuoy Capability contract with MoD

Ultra Electronics announces that its Sonar Systems business, based in Greenford, Middlesex, has been awarded a £9.5m extension to contract for the supply of sonobuoys for the Royal Navy’s Merlin Maritime Patrol Helicopter which will be executed throughout 2017. Go to page 

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12/04/2016 Ultra awarded RiQ Ruggedized Networking Switch Contract by Raytheon Integrated Defense Systems

The Patriot system is part of a multiyear system upgrade consisting of Radar and Communications enhancements with the RiQ in the Communications portion of the upgrade. The RiQ will form the basis for the transition to an IP based system, greatly extending the effective life span of the Patriot system. Go to page 

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29/02/2016 Ultra Electronics Receives $14 Million Contract to Provide Electronics for U.S. Ballistic Missile Programme

Ultra Electronics announced today that its Ultra Herley business has received a contract valued at $14.25 million from a major U.S. prime contractor for the continuing production of electronic hardware for a U.S. ballistic missile programme. The contract will be executed over the next two years. Go to page 

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29/02/2016 Preliminary Results for the Year Ended 31 December 2015

2015 was a significant year for the Group, in which it completed its largest acquisition, introduced a new market segment structure and launched a Standardisation and Shared Services (S3) programme, whilst continuing to face difficult market conditions. Ultra’s full-year performance was in line with market expectations and reflected, as anticipated, a generally lower level of activity across most parts of our government related business. By year-end a comprehensive UK Strategic Defence & Security Review and a two-year US budget agreement had signalled some welcome stability although how this plays out remains uncertain. Go to page 

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24/02/2016 Directorate Change

As previously announced on 11 November 2015, Mary Waldner had informed the Ultra Board of her intention to leave the Group. She will leave to become the Group CFO at Lloyds Register, a privately-owned global engineering, technical and business services organisation. Go to page 

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22/02/2016 Curtiss-Wright and Ultra Electronics Collaborate to Deliver Lightweight Crash Recorder

Curtiss-Wright and Ultra Electronics Collaborate to Deliver Lightweight Crash Recorder and HUMS Solution for Helicopter Platforms Go to page 

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