Contract win

4 October 2017

Ultra Electronics Holdings plc

("Ultra" or "the Group")

Ultra Electronics awarded $16m modification contract for control and monitoring of US Navy critical infrastructure

Ultra Electronics today announced the award of a US $16.2 million modification to a previously awarded cost-plus-fixed-fee contract by the US Department of the Navy. The contract extends Ultra Electronics' services providing solutions to cyber-secure Navy critical infrastructure.

Under the contract, Ultra Electronics 3eTI will continue to work with the US Department of the Navy to design, develop, integrate and install a variety of cyber-secure systems for critical infrastructure control and monitoring. These solutions include cyber proofing of various industrial control systems and electronic security systems in mission essential environments. Work will continue at locations in California, Hawaii and in the Washington DC area and is expected to be completed by September 2018.

Rakesh Sharma, Chief Executive of Ultra Electronics commented: "We are pleased to have extended our contract with the Department of the Navy for the delivery of a defence-in-depth framework which ensures the highest levels of security. The award underscores the value of Ultra Electronics solutions which are fully accredited and proven effective."

- Ends -

Enquiries:

Rakesh Sharma, Chief Executive 02088134307

Ami Sharma, Group Finance Director

Susan McErlain, Corporate Affairs Director 07836522722

James White, MHP Communications 02031288756

www.ultra-electronics.com | www.ultra-3eTI.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: