23rd Oct 2007 07:01
Ultra Electronics Holdings PLC23 October 2007 Embargoed until 0700 23 October 2007 Ultra Electronics Holdings plc ("Ultra" or "the Group") Ultra wins US$20m ASW equipment contract for US Navy Ultra announces that its Flightline Systems business, based in Rochester, NewYork, USA, has been awarded a multi-year contract by Lockheed Martin to providestate-of-the-art, software-defined sonobuoy receivers for the US Navy's MH-60R("Romeo") Anti-Submarine Warfare ("ASW") helicopter programme. The contract forthe first production lot of sonobuoy receivers is worth about US$4m and the fullcontract value is $21m. In addition, the contract contains priced options, whichcan be exercised over the six year contract term, which total an additionalUS$38m. Sonobuoy receivers are fitted to fixed and rotary wing aircraft that perform theASW role. Sonobuoys are expendable acoustic sensors that are deployed in the seato detect submarines. Sonobuoys transmit signals which are detected by thesonobuoy receivers that comprise part of the mission system in ASW aircraft. Thesignals are then processed by the mission system to determine submarine type,range, bearing and other information. Ultra is the world's leading supplier of sonobuoy receivers and provides systemsfor maritime patrol aircraft, anti-submarine warfare helicopters and surfacecombatants world wide. Ultra also supplies the majority of the free world'ssonobuoys. For the MH-60R programme, Ultra will supply sonobuoy receivers configured withthe advanced Sonobuoy Positioning System ("SPS"), a feature that allows thehelicopter to determine the position of the deployed sonobuoys from somedistance, thereby enhancing its operational flexibility. In addition to SPS, theUltra sonobuoy receiver will include sophisticated features that enhance thepotential of the receiver for use in other, non-ASW applications within anadvanced mission system. Douglas Caster, Chief Executive of Ultra, commented:"The commitment of the US Navy to procuring over two hundred MH-60 Romeohelicopters for anti-submarine warfare helps underpin future demand for ASWproducts, not just the mission equipment such as receivers but also thesonobuoys that will be consumed once the Romeo is in service. Ultra is pleasedto be supplying its innovative system solutions to Lockheed Martin and to the USNavy for this prestigious programme." - Ends - Enquiries:Ultra Electronics Holdings plc 020 8813 4321Douglas Caster, Chief Executive www.ultra-electronics.comDavid Jeffcoat, Group Finance Director [email protected] Weber Shandwick Financial 020 7067 0700Susan Ellis / Louise Robson Notes to editors: Ultra Electronics is a group of specialist businesses designing, manufacturingand supporting electronic and electromechanical systems, sub-systems andproducts for defence, security and aerospace applications worldwide. Ultra, which employs 3,100 people in the UK and North America, focuses on highintegrity sensing, control, communication and display systems with an emphasison integrated information technology solutions. The Group concentrates onobtaining a technological edge in niche markets, with many of its products andtechnologies being market leaders in their field. Ultra's products and services are used on aircraft, ships, submarines, armouredvehicles, surveillance systems, airports and transport systems around the world.Ultra also plays an important role in supporting prime contractors byundertaking specialist system and sub-system integration using the combinedexpertise of the Group businesses. Ultra is organised into three divisions as follows: Aircraft & Vehicle Systems including miniature airborne compressors; highintegrity software and systems; aircraft system electronics; aircraft cockpitindicators; aircraft noise and vibration control systems; airframe protectionsystems, armoured vehicle electronic information and control systems; human/computer interface equipment and shared working environment solutions. Information & Power Systems including command and control systems equipment;weapons interfacing electronics; radar tracking; electro optical tracking;surveillance systems; naval data processing and distribution; airport andairline information management systems; ID card systems; naval power conversion;signature management of naval vessels; transit system power conversion andcontrol. Tactical & Sonar Systems including secure tactical line-of-sight radio systems,multiplexers and switches; secure video-conferencing systems; voicecommunication systems; tactical data links; cryptographic equipment; active,passive and multi-static sonobuoys; sonobuoy receivers and processors;distributed surveillance sensor arrays; ship's sonar systems; acousticcountermeasure systems and ship's torpedo defence systems. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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