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Press releases
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Share Price 1389.50p change of 16.00p
Tuesday 15 January 2019 16:36PM right arrow share 12 month share price graph

Press release archive - 2017

27/11/2017 Ultra Electronics awarded £17m surveillance contract

Ultra Electronics announces that its Communication & Integrated Systems (CIS) business based in Greenford, UK, has been awarded a UK contract valued at £16.6 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. Go to page 

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27/11/2017 Ultra Electronics awarded £9m contract

Ultra Electronics awarded £9m contract for supply of HiPPAG airborne compressor system to Gripen E/F fighter aircraft Go to page 

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14/11/2017 Section 430(2B) Companies Act Statement

Further to the announcement made on 10 November 2017 in which the Group announced that Rakesh Sharma had stepped down as a director of the company, the following arrangements apply in respect of Mr Sharma’s remuneration. These arrangements comply with the Group’s Remuneration Policy, which was approved by shareholders on 28 April 2017. Go to page 

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10/11/2017 Directorate change - Nov 2017

The Board of Ultra announces today that Rakesh Sharma has stepped down as Chief Executive and from the Board with immediate effect. The Board has asked the current Chairman, Douglas Caster, to assume the role of Executive Chairman until a successor is appointed, and Douglas has agreed to take on the role. Douglas Caster was Chief Executive of Ultra from 2005 to 2010. Go to page 

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10/11/2017 Trading Statement - Nov. 2017

Ultra, the international defence, security, transport and energy group, issues a Trading Statement ahead of its year end on 31 December 2017. Go to page 

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13/10/2017 Ultra Electronics PCS awarded $16m in contracts for additional HiPPAG stores ejections systems

Ultra Electronics announced today that its Precision Control Systems (PCS) business based in Cheltenham, UK, has received contracts valued $16 million from Boeing and Lockheed Martin. Go to page 

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12/10/2017 Ultra receives IDIQ option exercise under ERAPSCO joint venture

Ultra Electronics announced today that ERAPSCO, its 50/50 joint venture with the ECP division of Sparton Corporation, has been awarded a modification to exercise options under an indefinite delivery / indefinite quantity (IDIQ) contract for US Navy sonobuoys. Go to page 

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10/10/2017 Ultra wins £9m baggage management software contract

Ultra Electronics announced today that its Airport Systems business has been awarded a £9m contract by the Airline Operators Committee at London Heathrow Airport following a competitive tender process. Go to page 

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06/10/2017 Sparton shareholder approval

Ultra notes Sparton Corporation’s announcement that its shareholders have approved the adoption of the previously announced Agreement and Plan of Merger dated 7 July 2017 by and among Sparton, Ultra and Ultra Electronics Aneira Inc. Go to page 

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04/10/2017 3eTI US Department of the Navy contract renewal win

Ultra Electronics today announced the award of a US $16.2 million modification to a previously awarded cost-plus-fixed-fee contract by the US Department of the Navy. Go to page 

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31/08/2017 Ultra expands partnership with Jupitor Corporation

Ultra Electronics announced today that it has expanded its relationship with Jupitor Corporation of Tokyo, Japan, to support the introduction of its latest technologies on major Japanese aerospace programmes. Go to page 

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10/08/2017 Sparton Acquisition Circular Announcement dated 10 August 2017

Sparton Acquisition Circular Announcement dated 10 August 2017 Go to page 

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26/07/2017 USSI and Sparton JV awarded $35.9M in Foreign Sales Contracts

Ultra Electronics USSI and Sparton Corporation Joint Venture for Sonobuoy Tech Systems Awarded $35.9M in Foreign Sales Contracts Go to page 

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24/07/2017 Ultra Electronics awarded Defence Systems Contract

Ultra Electronics announced today that its Maritime Systems business, based in Dartmouth, Canada, has been awarded a contract from the Indian Ministry of Defense to supply the Indian Navy Defence Systems. Go to page 

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07/07/2017 Investor Presentation

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06/07/2017 Placing Announcement

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06/07/2017 Proposed Acquisition of Sparton Corporation

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20/06/2017 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. Go to page 

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08/06/2017 $10 M Acoustic Countermeasure Contract Win

Ultra Electronics announced today that its Ocean Systems business, based in Braintree, MA USA, has been awarded a contract valued at $10 million from the UK Ministry of Defence for the production of two variants, 101 and 102, of the Submarine Countermeasure Acoustic Device (SCAD) for the Royal Navy’s submarine fleet. Go to page 

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19/05/2017 Ultra Electronics receives further AS9100 registration for aerospace quality management

Ultra Electronics announces that its Nuclear Sensors & Process Instrumentation (NSPI) business in Round Rock, Texas recently received its AS9100 registration. This international quality management standard recognises that Ultra Electronics has the necessary processes in place for the aerospace industry’s demand for safe, reliable products that meet or exceed the requirements of customers and regulatory authorities. Go to page 

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28/04/2017 Annual General Meeting Trading Update

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

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06/03/2017 Preliminary Results for the Year Ended 31 December 2016

2016 was a better year for Ultra. Our focus on the execution and delivery of the goals we had set for ourselves has resulted in a positive momentum, enabling us to report good progress against our KPIs. Strong performances in cash generation and order intake demonstrate the underlying robustness of the business. Delays to the award of a small number of expected export contracts affected short-term organic revenue. Organic profit growth reflects our disciplined approach to cost control. Go to page 

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03/03/2017 Ultra signs memorandum of understanding with CGN

Ultra Electronics announced today that it has signed a Memorandum of Understanding with CGN of China that will see both companies co-operate more closely in the field of high integrity instrumentation and control (I&C) systems and sensors for civil nuclear power within China, the UK and other international markets. The agreement covers collaboration on next generation I&C systems including reactor protection and control. Go to page 

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10/02/2017 Nuscale & Ultra Demonstrate Power of UK-US SMR Partnership

The UK has today reaffirmed its position as a key player in a new generation of Small Modular Reactors (SMRs). Dorset-based Ultra Electronics, Nuclear Control Systems successfully conducted the acceptance testing of the innovative NuScale Power Module™ protection system it is developing for leading U.S. SMR developer NuScale Power. Go to page 

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16/01/2017 Ultra Electronics supports major SMR industry milestone

Ultra Electronics congratulates NuScale Power, it’s Small Modular Reactor (SMR) partner, on achieving a significant milestone in its submission of the first-ever SMR design certification application (DCA) to the US Nuclear Regulatory Commission (NRC). Go to page 

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04/01/2017 Ultra awarded extension to Sonobuoy Capability contract valued at £9.7 million

Ultra Electronics announced today that its Command & Sonar Systems sonobuoy facility, based in Greenford, Middlesex, has been awarded a £9.7m contract extension for the supply and production of sonobuoys for the Royal Navy’s Merlin Mk2 Maritime Patrol Helicopter fleet. Go to page 

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