Contract Win

Embargoed until 0700 12 November 2014

Ultra Electronics Holdings plc

("Ultra" or "the Group")

Ultra Electronics to Supply Landing Gear and Door Control Electronics for the Gulfstream G500 and G600 Aircraft

Ultra Electronics is proud to announce that its Controls business, based in Greenford UK, has been selected to supply electronic equipment on the newly announced Gulfstream G500 and G600 aircraft. Ultra will supply the landing gear control computer, the steering control computer and the electric main entry door control computer. The landing gear control computer processes information from a number of proximity sensors that monitor the position of the landing gear and landing gear doors. It uses this information to control the extension and retraction of the landing gear. The steering control computer processes pilot demands from either the rudder control pedals or an integral tiller mounted on the unit. It then provides closed loop control of the nose wheel steering angle using sensors and a hydraulic actuator connected to the gear. Finally the electric main entry door control computer controls the locking and unlocking of the aircraft's main entry door.

Based on forecast sales of these aircraft Ultra anticipates that these contracts will generate revenue in excess of £45 million over a multi-year contract.

Rakesh Sharma, Chief Executive of Ultra commented:

"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."

- Ends -

Enquiries:

Rakesh Sharma, Chief Executive 020 8813 4307

Mary Waldner, Group Finance Director

Susan McErlain, Corporate Affairs Director 07836 522 722

James White, MHP Communications 020 3128 8756

www.ultra-electronics.com 

Further information about Ultra:

Ultra Electronics is a group of businesses which manage a portfolio of specialist capabilities, generating highly differentiated solutions and products in the defence & aerospace, security & cyber, transport and energy markets by applying electronic and software technologies in demanding and critical environments to meet customer needs

Ultra has world-leading positions in many of its specialist capabilities and, as an independent, non-threatening partner, is able to support all of the main prime contractors in its sectors. As a result of such positioning, Ultra's systems, equipment or services are often mission or safety-critical to the successful operation of the platform to which they contribute. In turn, this mission-criticality secures Ultra's positions for the long term which underpins the superior financial performance of the Group.

Ultra offers support to its customers through the design, delivery and support phases of a programme. Ultra businesses have a high degree of operational autonomy where the local management teams are empowered to devise and implement competitive strategies that reflect their expertise in their specific niches. The Group has a small head office and executive team that provide to the individual businesses the same agile, responsive support that they provide to customers as well as formulating Ultra's overarching, corporate strategy.

Across the Group's three divisions, the major market sectors in which Ultra operates are:

Defence: Ultra supplies advanced electronic and electrical systems and equipment to coalition defence forces around the world. The Group innovates to provide battle-winning, specialist capabilities that are tailored to the customer's need and environment. Ultra has world-class capabilities in sonar systems, command & control, platform electrics, surveillance systems and network communications solutions.

Security: Ultra provides highly differentiated systems and capabilities to the broad security, intelligence and cyber market. Ultra has highly specialised capabilities in secure communications, networks and cryptographic equipment, key management systems and surveillance systems and intelligence gathering systems.

Transport: Ultra provides specialist software, systems and equipment for use in mass passenger transport systems. This includes high integrity real-time controls for civil aircraft, advanced IT solutions for modern airports and trackside power equipment for transit rail systems.

Energy: Ultra has a range of safety critical sensors and controls used in existing and new build nuclear reactors. The Group has innovative portable energy sources powered by readily available propane gas.