Defence supplier sets sail with major Navy contract
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Defence supplier Ultra has won a major contract with the Indian Navy.
In partnership with Mahindra Defence Systems, the company has been awarded the Integrated Anti-Submarine Warfare Defence Suite (IADS) programme for selected frontline warships.
The contract is worth around £60m to Ultra. Deliveries are due to start in 2024 and to be completed by 2030.
IADS offers a multi-sensor capability which detects torpedo threats.
Simon Pryce, Ultra chief executive, said: “IADS represents a major enhancement in the Indian Navy’s anti-submarine warfare capability and ability to deliver maritime mission effectiveness and protection to India’s surface fleet.
“This is another significant and strategic order for Ultra and our Sonar Systems business unit. We are very proud of and committed to this programme, and to our long-term partnership with Mahindra Defence to deliver outstanding solutions to the Indian Navy.”
SP Shukla, chairman – Mahindra Defence and Mahindra Aerospace, added: “IADS is the first major contract from the Indian Navy to an Indian private sector company for underwater detection and protection from threats.
“Mahindra is looking forward to delivering IADS and further build partnerships with Ultra in other programmes. This contract once again epitomises the success of the ‘Make in India’ initiative of the Indian Government.”