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BRIEF-Ultra Elecs sees flat 2012 profit as defence cuts bite
November 16, 2012 / 7:06 AM / in 5 years

BRIEF-Ultra Elecs sees flat 2012 profit as defence cuts bite

LONDON, Nov 16 (Reuters) - Ultra Electronics Holdings PLC : * Conditions in its markets remain broadly as noted on 30 July 2012 in its

interim results. * Possibility of sequestration measures combine to cause lack of clarity on

future US defence funding * In US and UK defence markets, contract officers are delaying the start of new

programmes * The security and cyber market remains strong * The board expects the group’s performance in the year to be sustained around

2011 levels * Fd paul dean has announced his intention to leave the group

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