Ultra Electronics awarded Royal Navy contract
Ultra Electronics Holdings has been awarded a £27m contract for the Royal Navy’s Sonar 2050 Technology Refresh Programme.
Aerospace and Defence
10,383.65
17:10 19/04/24
-0.49%
-51.11
FTSE 250
19,391.30
17:09 19/04/24
n/a
n/a
FTSE 350
4,341.08
17:09 19/04/24
n/a
n/a
FTSE All-Share
4,296.41
17:08 19/04/24
n/a
n/a
Ultra Electronics Holdings
3,500.00p
17:09 29/07/22
0.00%
0.00p
Under the 10-year long deal, the firm’s Sonar Systems division will deliver and support new hull mounted sonars for the Royal Navy's eight type-23 frigates.
“This is a significant opportunity and it demonstrates Ultra's continuing ability to supply and support cutting edge sonar systems to the Royal Navy. We look forward to working with the DE&S team on this programme," said group chief executive Rakesh Sharma.
The technology to be installed on Royal Navy ships is aimed at improving surveillance systems against submarine and torpedo threats.