Contract Win

Embargoed until 0700 27 June 2014

Ultra Electronics Holdings plc

("Ultra" or "the Group")

Ultra Awarded Contract for Landing Gear Door Opening System

on the Airbus A350 XWB

Ultra Electronics announces that its Controls business, based in Greenford, Middlesex, has been awarded a contract by Airbus to design, develop, supply and support an electrical Ground Door Opening system (eGDO) for its new A350 family of aircraft. The eGDO system comprises a set of electrical actuators, sensors and fuselage-mounted control and indication panels which allows airline ground maintenance crews to open the landing gear doors to access the landing gear bay. Based on anticipated sales of the aircraft, this contract is expected to be worth in excess of £60m revenue to Ultra over the life of the programme.

Ultra Controls is a world leading supplier of electronic control solutions for the aerospace industry. Other systems provided by the business include landing gear control, steering control, cabin door monitoring, noise and vibration suppression and ice protection. Ultra Controls also supplies additional ground handling accessories for both the Airbus A350 XWB and A380 aircraft.

Rakesh Sharma, Chief Executive of Ultra, Commented:

"We are delighted to have secured this new contract with Airbus which is in recognition of Ultra's ability to understand its customer's needs and provide optimal solutions with regard to weight and functionality. Ultra has been a supplier to Airbus for over 25 years and this award helps to firm our continuing relationship."

- Ends -

Enquiries:

Rakesh Sharma, Chief Executive 020 8813 4307

Mary Waldner, Group Finance Director

Susan Ellis, Corporate Affairs Adviser 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.

This press release contains certain forward-looking statements. Such statements are made by the Directors in good faith based on the information available to them at the time of their writing, and they should be treated with caution due to the inherent uncertainties underlying such forward-looking information.