22nd Apr 2016 06:24
LONDON (Alliance News) - Defence contractor Ultra Electronics Holdings PLC on Friday said its Sonar Systems unit has won a GBP9.5 million contract extension with the UK's Royal Navy.
Ultra said the contract will cover the supply of sonobuoys for the Royal Navy's Merlin Maritime Patrol Helicopter. The contract will be executed through 2017.
Ultra said the deal will ensure the Royal Navy maintains a persistent anti-submarine warfare surveillance capability against hostile submarines.
"I am very pleased that Ultra has been awarded an extension to the Sonobuoy Capability contract. This continues to be a significant opportunity for Ultra, demonstrating the Group's ability to supply and support cutting edge, affordable and value for money solutions to the Royal Navy," said Rakesh Sharma, Ultra's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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