April 30 British defence contractor Ultra
Electronics Holdings Plc said defence orders and revenue
in the second half would be higher than usual.
The company, which makes gunshot detection equipment and
sonars for submarines, said it expected improvement in
procurement process after U.S. defence priorities become clearer
Ultra, whose sonobuoys are being used to search for the
missing Malaysia Airlines Flight MH370's black box, said its
expectations for the full year remained unchanged even as a
strong sterling continued to weigh on its earnings.
(Reporting by Tasim Zahid in Bangalore; Editing by Gopakumar