Ultra Electronics Holdings plc issued a scheduled Trading Statement ahead of its year end on 31 December 2016. The Group's full year trading performance remains in line with expectations. There continues to be an improvement in organic trading performance year-on-year and recent acquisitions are performing well. Organic revenue will be slightly below company's previous guidance. Group order intake has been robust although there continue to be delays in a small number of export contract awards that have impacted the amount of revenue that can be taken in the current year. Most significant is the delay in a torpedo defence contract for India that is yet to be signed, despite having been won in November 2015. The Group's balance sheet remains strong and company expects Net Debt/EBITDA to be around 2.0x by the year end, despite the impact of foreign exchange on dollar debt.