Contract Win

Embargoed until 0700 29 February 2016

Ultra Electronics Holdings plc

("Ultra" or "the Group")

Ultra Electronics Receives $14 Million Contract to Provide Electronics

for U.S. Ballistic Missile Programme

Ultra Electronics announced today that its Ultra Herley business has received a contract valued at $14.25 million from a major U.S. prime contractor for the continuing production of electronic hardware for a U.S. ballistic missile programme. The contract will be executed over the next two years.

The award includes hardware used for tracking, flight safety and multi-stage flight test instrumentation. Ultra Herley designed and developed this hardware and has supported this program in production for over ten years. 

Rakesh Sharma, Chief Executive of Ultra commented:

 "We are very pleased that Ultra has been awarded this follow on contract and are proud of our significant contribution to this important U.S. missile program. This recognises our capability to provide a wide range of products and subsystems to support flight test programs and we look forward to enhancing our already strong relationship with our customer."

- Ends -

Enquiries:

www.ultra-electronics.com 

Further information about Ultra:

Ultra Electronics is an internationally successful defence, security, transport and energy company with a long, consistent track record of development and growth. The Group manages a portfolio of specialist capabilities generating innovative solutions to customer needs. Ultra applies electronic and software technologies in demanding and critical environments ranging from military applications, through safety-critical devices in aircraft, to nuclear controls and sensor measurement. These capabilities have seen the Group's highly differentiated products contributing to a large number of platforms and programmes.

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, Ultra operates in the following eight market segments: