10th Feb 2015 07:38
LONDON (Alliance News) - Ultra Electronics Holdings PLC said Tuesday that it has won a GBP18 million contract with the Ministry of Defence to supply sonobuoys for the Royal Navy's Merlin maritime patrol helicopter.
A sonobuoy is a small expendable sonar system that is dropped from aircraft of ships for underwater acoustic research.
The company said it will execute the contract over the next two years, with options for a further two years.
"This is a significant opportunity which demonstrates Ultra's continuing ability to supply and support cutting edge, affordable and value for money solutions to the Royal Navy," said Chief Executive Rakesh Sharma in a statement.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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