Major US Navy contract win for Ultra
DEFENCE supplier Ultra Electronics has won a £31.7m contract to supply sonar equipment to the US Navy.
The firm, which has operations in Birmingham and Rugeley, has won the contract through its Ocean Systems business, based in Braintree, Massachusetts.
The indefinite quantity (IDIQ) contract is due to be completed in 2017.
Under the contract, Ultra will supply upgraded versions of its submarine transducers that are stocked by the US Navy to support fleet requirements for new and restored units. The hull-mounted transducers use sonar to detect and localise targets.
Rakesh Sharma, chief Executive of Ultra, said: “This is an excellent example of Ultra delivering its strategies for growth by winning and expanding its positions on long-term programmes. This win also recognises how Ultra continuously improves its range of well-proven products and services through a constant drive for innovation.”
Last week Ultra expanded with the £8m acquisition of a US power business.
It agreed to acquire the power conversion business operated by RFI Corporation, a wholly-owned subsidiary of DGT Holdings Corp, in a deal worth $12.5m (£8.1m).
