12th Nov 2014 08:42
LONDON (Alliance News) - Ultra Electronics Holdings PLC on Wednesday said its controls arm has won a deal to supply landing gear and door control electronics for Gulfstream G500 and G600 jets.
Ultra said it expects the deals to generate revenue in excess of GBP45 million over a multi-year contract.
"We are delighted to have secured these new contracts with Gulfstream, which follow on from an earlier contract for similar equipment on the G650. We are looking forward to maintaining this excellent relationship during the production and support phases of the programme," said Ultra Chief Executive Rakesh Sharma.
Shares in Ultra were down 0.6% to 1,786 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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