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Ultra Electronics (ULE)

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Tuesday 26 May, 2020

Ultra Electronics

Contract Win

RNS Number : 8094N
Ultra Electronics Holdings PLC
26 May 2020
 

                                                                                                                                                                                           

Ultra Electronics Holdings plc

("Ultra" or "the Group")

 

Contract Win

 

Holdings plc (ULE) and Sparton DLS, LLC announce the award of subcontracts valued at $204.6 million to their ERAPSCO joint venture for the manufacture of sonobuoys for the United States Navy. The award is a GFY2020 delivery order for sonobuoy requirements under ERAPSCO's five-year Indefinite Delivery Indefinite Quantity contract with the Department of the Navy.  

 

Simon Pryce, Chief Executive Officer of Ultra Electronics, commented:  

 

"As expected, this is another significant order for Ultra under the IDIQ contract we were awarded in August last year. This contract underpins our increased focus on anti-submarine warfare and our ability through ERAPSCO to provide a range of key technologies and capabilities to support the U.S. Navy's continued commitment to this important mission.

 

This award also reflects that, despite the challenges created by Covid 19, we are operating effectively and continue to support our customers due to the extraordinary efforts of our exceptional and committed team".

 

This announcement is in line with Ultra's policy to announce orders of over 5% of Group sales.

 

Enquiries:

Ultra Electronics Holdings plc

 

Simon Pryce, Chief Executive

Jos Sclater, Chief Financial Officer

0208 813 4307

 

Gabby Colley, Head of Investor Relations

07891 206239

[email protected]

 

 

MHP Communications

020 3128 8771

Tim Rowntree / James Bavister / Pete Lambie

 

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 2020-25 Distribution Statement A - "Approved for public release; distribution is unlimited".

 

 

 

 


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