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Ultra Electronics Holdings PLC (ULE.L)

ULE.L on London Stock Exchange

2,139.00GBp
12:24pm EDT
Change (% chg)

35.00 (+1.66%)
Prev Close
2,104.00
Open
2,111.00
Day's High
2,154.00
Day's Low
2,102.00
Volume
413,450
Avg. Vol
291,616
52-wk High
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52-wk Low
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Latest Key Developments (Source: Significant Developments)

Ultra Electronics posts FY underlying PBT 120.1 mln stg
Monday, 6 Mar 2017 02:00am EST 

Ultra Electronics Holdings Plc : Final dividend 33.6 pence per share . Total dividend 47.8 pence per share . FY revenue £785.8m versus £726.3m . FY underlying profit before tax £120.1m versus £112.4m . FY IFRS profit before tax £67.6m versus £34.8m . FY underlying earnings per share 134.6p versus 123.9p . FY order intake increased by 22.0%, with organic order intake up 10.4% .Current six-month continuing resolution to US federal funding will mean that some contract awards will move into 2H.  Full Article

Ultra Electronics says FY trading in line with expectations
Tuesday, 6 Dec 2016 02:00am EST 

Ultra Electronics Holdings Plc : Here continues to be an improvement in organic trading performance year- on-year and recent acquisitions are performing well . Ultra Electronics-US defense outlays show spending in line with DoD budget forecasts . Full year trading performance remains in line with expectations . Organic revenue will be slightly below our previous guidance . A three month continuing resolution in US defense reflects underlying budget disagreements and pressures . CR is now likely to extend into Q1 of 2017 .Depreciation of sterling and uncertainty over UK economy has yet to have a discernible impact on government spending.  Full Article

Ultra Electronics completes divestment of ID cards business to LDC
Wednesday, 24 Aug 2016 02:19am EDT 

Ultra Electronics Holdings :Further to the announcement made on 27 May, Ultra is pleased to confirm that the divestment of its global ID cards business to private equity firm LDC, for a cash consideration of £22m, has now received U.S. regulatory approval and the transaction has been completed.  Full Article

Ultra Electronics says post-referendum factors may delay government commitment
Monday, 1 Aug 2016 02:00am EDT 

Ultra Electronics Holdings Plc : Interim dividend up 2.9 percent to 14.2 penceper share . H1 organic revenue performance improved to -2.5% (2015: -11.9%) . Six month revenue at £366.6m versus £331.7m year earlier . H1 underlying profit before tax. (2) £52.4m versus £47.4m year earlier . Performance will be second half weighted and ultra starts remainder of year with an 84% order cover . UK post-referendum economic factors may delay government commitment to some major programmes . In us an expected continuing resolution would delay new contract awards . Board is confident that group is on track to meet full-year expectations . Order book of £785.7m, up from £753.8m at start of 2016 .Expect further market and macro uncertainties.  Full Article

Ultra Electronics wins acoustic countermeasure contract worth up to $34 mln
Monday, 18 Jul 2016 02:00am EDT 

Ultra Electronics Holdings : Awarded a five year acoustic countermeasure contract worth up to $34m . Ocean Systems business, based in Braintree, MA USA, has been awarded a firm one year contract valued at just over $4m from the U.S. Navy for the continuing production of the ADC MK2 Countermeasure. .Options to extend the contract for a further four years could increase this initial value to just under $34m..  Full Article

Ultra Electronics says H1 trading in-line with expectations
Monday, 27 Jun 2016 02:00am EDT 

Ultra Electronics Holdings Plc : Market conditions remain as noted on Feb. 29 2016 at preliminary results announcement . In year trading in first half has been as expected . Based upon exchange rates as at June 23 co's FY expectations remain unchanged, other than impact of disposal of Ultra ID .Order intake in 2016 has been positive, with an increase in order book value over 2015 year-end position.  Full Article

Ultra Electronics to sell global ID business
Friday, 27 May 2016 03:03am EDT 

Ultra Electronics Holdings Has agreed to sell its global ID business, Ultra Electronics ID, to leading mid-market private equity firm LDC, for an initial cash consideration of £22m : Additional payments of up to £3m will be made subject to earnings growth over the next two years Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

Ultra Electronics Holdings plc receives contract
Friday, 22 Apr 2016 02:00am EDT 

Ultra Electronics Holdings plc:Says it has been awarded a £9.5 mln extension to contract for the supply of sonobuoys for the Royal Navy's Merlin Maritime Patrol Helicopter which will be executed throughout 2017.  Full Article

Ultra Electronics Holdings plc announces acquisition of Furnace Parts LLC
Wednesday, 14 Oct 2015 02:00am EDT 

Ultra Electronics Holdings plc:Says it has acquired Furnace Parts LLC for a cash consideration of $12 mln from Takoda Group LLC.  Full Article

Ultra Electronics Holdings plc completes acquisition of electronic products division of Kratos Defense and Security Solutions
Monday, 24 Aug 2015 02:00am EDT 

Ultra Electronics Holdings plc:Says that the acquisition of the Electronic Products Division of Kratos Defense & Security Solutions, Inc. for a cash consideration of up to $265 mln has been completed.EPD will be renamed Ultra Electronics Herley and operate within the Communications & Security division.  Full Article

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