27th Jun 2016 06:38
LONDON (Alliance News) - Defence contractor Ultra Electronics Holdings PLC on Monday said trading in the first half of the year has met its expectations, and the value of its order book has increased since the turn of the year.
The FTSE 250-listed company said market conditions have continued in line with its expectations in the first half of 2016, and its forecasts for the full year remain unchanged.
US defence spending has improved in the first half, Ultra said, helped by increased stability on defence programmes in the country.
Order intake also has been positive, Ultra said, with an increase in the value of the firm's order book since the end of 2015.
The company will publish interim results on August 1.
By Sam Unsted; [email protected]; @SamUAtAlliance
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