Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Ultra Electronics Wins GBP64.4 Million Contract Extension With UK MoD

3rd Jul 2014 06:51

LONDON (Alliance News) - Ultra Electronics PLC said Thursday it has won a GBP64.4 million contract extension with the UK Ministry of Defence to provide in-service support for its Litening Pods.

Ultra's support will provide advanced targeted and reconnaissance capability for the Royal Air Force's Eurofighter Typhoon and Tornado aircraft fleets, it said. Its Litening support centre will provide engineering support to the fleet as well as conducting test and repair of all Litening components.

The Litening pod is a type of gun pod - a detachable pack mounted to aircraft containing weaponry - designed for precision targeting.

The company originally won the contract in 2006, and combined with the outstanding amount of the original contract, the deal is worth GBP80.4 million.

"Our dedicated support resource underpins the success of the Litening Pod's mission availability and demonstrates Ultra's commitment to delivering outstanding customer support," said Chief Executive Rakesh Sharma in a statement.

By Hana Stewart-Smith; [email protected]; @HanaSSAllNews

Copyright 2014 Alliance News Limited. All Rights Reserved.


Related Shares:

ULE.L
FTSE 100 Latest
Value8,328.60
Change52.94