Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. ULTRA ELECTRONICS
  6. News
  7. Summary
    ULE   GB0009123323

ULTRA ELECTRONICS

(ULE)
  Report
Delayed London Stock Exchange  -  02:30 2022-08-01 am EDT
3500.00 GBX   -.--%
09/14ULTRA ELECTRONICS : names Carlo Zaffanella as Maritime's President and CEO
PU
09/13ENGAGING EXPERIENCES : meet Ultra Labs intern Gerry Donahue
PU
08/03ULTRA ELECTRONICS : awarded contract for supply of Wing Ice Protection Control Equipment for Boeing 787 Dreamliner
PU
SummaryQuotesChartsNewsRatingsCompanyFinancialsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Ultra Electronics : and Sparton DLS, LLC Joint Venture (ERAPSCO) Awarded $71.8m for U.S. Navy production contract of AN/SSQ-125 sonobuoys

10/19/2020 | 04:20am EDT

NAVAIR Public Release 2020-696

Columbia City, Ind / DeLeon Springs, FL - 16 October 2020 - Ultra ElectronicsHoldings plc (ULE) and Sparton DLS, LLC announce the award of a contract valued at $71.8 million to their ERAPSCO joint venture for the manufacture of sonobuoys for the United States Navy. The award is a GFY2020 modification order off the FY19-23 IDIQ contract for additional AN/SSQ-125 sonobuoys for the US Navy Fleet. ERAPSCO will award production subcontracts in the amount of $33.5 million and $38.3 million to Ultra Electronics USSI and Sparton. Production operations will take place at Ultra Electronics USSI's Columbia City, IN facility and Sparton's DeLeon Springs, FL facility, and are expected to be completed by July 2022.

David Jost, President of Ultra Maritime USSI, commented:'I am pleased that we have secured this important contract that will continue to provide critical sensor capabilities to the U.S. Navy. This contract is a reflection of the increased focus on anti-submarine warfare and the U.S. Navy's commitment to providing key technology for this important mission'.

Bill Toti, Chief Executive Officer of Sparton DLS, commented: 'As someone who has been in the antisubmarine warfare business for over 35 years, I am proud that Sparton continues to provide the highest quality sonobuoy engineering and production to the US Navy and to allies throughout the world. Sparton employees work with a great deal of pride and patriotism in support of our customers.'

Enquiries:

Patrick Allison

VP of Business Development, Ultra

James Wyatt

VP of Business Development, Sparton DLS, LLC

(260) 248-5628

Patrick.allison@ultra-ussi.com

(386) 740-5342

James.wyatt@sparton.com

About Ultra:

Ultra specialises in providing application-engineered tailored solutions. We focus on our customers' mission critical and intelligent systems in the defence, security, critical detection & control markets.

www.ultra.group

About Sparton

Sparton is a world leader in the design, development, testing and production of complex maritime electronic systems, including sonobuoys in support of Anti-Submarine Warfare, submarine deployed products supporting Undersea Warfare, and depth-rated encapsulated systems to support Subsea and Seabed Warfare. Sparton's advanced technology expertise is focused on rapid development of custom solutions for use in harsh, maritime environments deployed from a range of undersea, surface and air platforms.

NAVAIR Public Release 2020-696. Distribution Statement A - 'Approved for public release; distribution is unlimited'

Disclaimer

Ultra Electronics Holdings plc published this content on 19 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 08:19:05 UTC


© Publicnow 2020
All news about ULTRA ELECTRONICS
09/14ULTRA ELECTRONICS : names Carlo Zaffanella as Maritime's President and CEO
PU
09/13ENGAGING EXPERIENCES : meet Ultra Labs intern Gerry Donahue
PU
08/03ULTRA ELECTRONICS : awarded contract for supply of Wing Ice Protection Control Equipment f..
PU
08/02Ultra Electronics Delists from LSE's Main Market After Takeover by Cobham
MT
08/02CORRECTION : Court Approves Cobham Group's $3 Billion Takeover of Ultra Electronics
MT
08/01Cobham Group's $3.14 Billion Ultra Electronics Takeover Takes Effect
MT
08/01Cobham Limited completed the acquisition of Ultra Electronics Holdings plc
CI
08/01ULTRA ELECTRONICS HOLDINGS PLC(LSE : ULE) dropped from S&P Global BMI Index
CI
08/01ULTRA ELECTRONICS HOLDINGS PLC(LSE : ULE) dropped from FTSE techMARK All-Share Index
CI
08/01ULTRA ELECTRONICS HOLDINGS PLC(LSE : ULE) dropped from FTSE 250 Index
CI
More news
Analyst Recommendations on ULTRA ELECTRONICS
More recommendations
Financials
Sales 2021 851 M 930 M 930 M
Net income 2021 66,9 M 73,1 M 73,1 M
Net Debt 2021 40,0 M 43,7 M 43,7 M
P/E ratio 2021 34,0x
Yield 2021 0,51%
Capitalization 2 511 M 2 745 M 2 745 M
EV / Sales 2020 1,81x
EV / Sales 2021 2,71x
Nbr of Employees 4 531
Free-Float -
Chart ULTRA ELECTRONICS
Duration : Period :
ULTRA ELECTRONICS Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Simon Charles Conrad Pryce Chief Executive Officer & Executive Director
Mark Josceline Sclater Chief Financial Officer & Executive Director
William Anthony Rice Chairman
Andrew Puryear Group Chief Technology Officer
Geeta Gopalan Independent Non-Executive Director