Ultra secures £200m Oman airport contract
DEFENCE supplier Ultra Electronics has secured an airport IT contract worth more than £200m from the Sultanate of Oman.
The firm, which has operations in Birmingham and Staffordshire, said today it had received a ‘letter of award’ meaning that, subject to final contract agreement, it would act as the master systems integrator for new terminals at Muscat and Salalah airports.
The value of the award is £127.5m Omani Rials which was approximately £207m at current exchange rates, it added.
The scope of the contract covers the supply of all electronic infrastructure, including installing Ultra’s airport IT systems, IT networks, communications and security systems at both airports.
Muscat and Salalah airports are being developed to be capable of handling 48m and 10m passengers per year respectively.
The developments have been commissioned by the Omani Ministry of Transport and Communications and the overall programme for both airports is scheduled for completion by 2015.
Ultra said it did not expect receipt of the contract would have a material impact on the firm’s results for 2011.
Chief executive Rakesh Sharma said: “I am extremely pleased that Ultra has been selected for this prestigious airport systems contract in Oman.
“We have assembled a world-class team of companies that complement the IT systems and software that Ultra has developed over recent years.
“This award is another example of Ultra’s ability to team internationally and reach up the supply chain to deliver innovative solutions to customers’ requirements.”
Research clients, prospects and trends by searching TheBusinessDesk.com’s extensive story archive. Click here.
