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United States

Ultra Electronics Holdings PLC (ULE.L)

ULE.L on London Stock Exchange

1,440.00GBp
23 Feb 2018
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2.00 (+0.14%)
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Latest Key Developments (Source: Significant Developments)

Sparton Announces Extension Of Outside Date Under Merger Agreement With Ultra
Wednesday, 31 Jan 2018 08:30am EST 

Jan 31 (Reuters) - Sparton Corp ::SPARTON ANNOUNCES EXTENSION OF OUTSIDE DATE UNDER MERGER AGREEMENT WITH ULTRA.SPARTON CORP - ‍ OUTSIDE DATE UNDER MERGER AGREEMENT WITH ULTRA EXTENDED TO MARCH 31, 2018​.SPARTON CORP - ‍EXPECTS THAT BOTH SPARTON AND ULTRA WILL HAVE CERTIFIED COMPLIANCE WITH SECOND REQUESTS ON OR BEFORE FEB 8, 2018​.  Full Article

Ultra Electronics Holdings Expects Full Year Revenue To Be Over 770 Mln Pounds
Thursday, 11 Jan 2018 02:00am EST 

Jan 11 (Reuters) - Ultra Electronics Holdings Plc ::GROUP TRADING REMAINS IN LINE WITH ANNOUNCEMENT MADE ON 10 NOVEMBER 2017.‍FULL YEAR REVENUE IS EXPECTED TO BE OVER £770M AND UNDERLYING OPERATING PROFIT JUST OVER £120 MILLION​.ORDER INTAKE HAS CONTINUED TO BE STRONG AT AROUND £900M IN FY 2017.CASH CONVERSION IS EXPECTED ABOVE 90% AND FOLLOWS CASH CONVERSION OF 92% FOR YEAR ENDED 31 DECEMBER 2016.ULTRA ELECTRONICS HOLDINGS - ‍BOARD REMAINS MINDED TO RECOMMEND A FINAL DIVIDEND OF 35P PER SHARE AND WILL FINALISE WHEN GROUP ANNOUNCES FY RESULTS​.ENTERS YEAR WITH AN ORDER COVER ON EXPECTED 2018 REVENUES OF AROUND 62%, COMPARED WITH APPROXIMATELY 56% IN 2017.‍TRADING PERFORMANCE FOR EACH HALF OF 2018 IS EXPECTED TO BE APPROXIMATELY 48%:52%​.MEDIUM TERM GUIDANCE FOR CASH CONVERSION REMAINS IN LINE WITH 80% TO 85% LEVELS MENTIONED IN ANNOUNCEMENT OF 10 NOV.SEARCH FOR A NEW CHIEF EXECUTIVE IS UNDERWAY.  Full Article

Ultra Electronics Wins Two Contracts
Monday, 27 Nov 2017 02:00am EST 

Nov 27 (Reuters) - Ultra Electronics Holdings Plc ::ULTRA ELECTRONICS - CONTRACT WINS.ULTRA ELECTRONICS - ‍GROUP'S COMMUNICATION & INTEGRATED SYSTEMS (CIS) BUSINESS HAS BEEN AWARDED A UK CONTRACT VALUED AT £16.6 MILLION​.ULTRA ELECTRONICS HOLDINGS PLC - ‍GROUP WILL ALSO PROVIDE SPECIALIST SUPPORT OVER COURSE OF SYSTEM'S USE​.ULTRA ELECTRONICS HOLDINGS PLC - ‍PRECISION CONTROL SYSTEMS (PCS) BUSINESS HAS BEEN AWARDED A CONTRACT VALUED AT £9 MILLION​.  Full Article

Ultra Electronics announces completion of CFIUS process
Tuesday, 21 Nov 2017 02:00am EST 

Nov 21 (Reuters) - ULTRA ELECTRONICS HOLDINGS PLC ::SAYS THAT ON NOV 20 COMMITTEE ON FOREIGN INVESTMENT IN UNITED STATES (CFIUS) COMPLETED ITS REVIEW PROCESS.CFIUS STATED THERE ARE NO UNRESOLVED NATIONAL SECURITY CONCERNS WITH RESPECT TO ULTRA'S PROPOSED ACQUISITION OF SPARTON CORP.  Full Article

Ultra Electronics says Rakesh Sharma has stepped down as Chief Executive​
Monday, 13 Nov 2017 02:00am EST 

Nov 13 (Reuters) - ULTRA ELECTRONICS HOLDINGS PLC ::RAKESH SHARMA HAS STEPPED DOWN AS CHIEF EXECUTIVE AND FROM BOARD WITH IMMEDIATE EFFECT.​.‍BOARD HAS ASKED CURRENT CHAIRMAN, DOUGLAS CASTER, TO ASSUME ROLE OF EXECUTIVE CHAIRMAN UNTIL A SUCCESSOR IS APPOINTED​.  Full Article

Ultra Electronics sees FY revenue of around 770 mln stg
Monday, 13 Nov 2017 02:00am EST 

Nov 13 (Reuters) - Ultra Electronics Holdings Plc ::MAJORITY OF GROUP'S MARKETS HAVE BEEN SATISFACTORY, HOWEVER UK MARKET HAS BEEN DIFFICULT AND HAS BECOME INCREASINGLY SO IN SECOND HALF​.‍EXPECTS FULL YEAR TOTAL REVENUE TO BE AROUND £770M AND ORGANIC REVENUE TO SHOW A DECLINE OF ABOUT 4%.​.‍UNDERLYING OPERATING PROFIT FOR FULL YEAR IS EXPECTED TO BE APPROXIMATELY £120M.​.‍TO RECOMMEND A FINAL DIVIDEND OF 35.0P PER SHARE​.‍AT END OF OCTOBER, ORDER BOOK FOR DELIVERY IN 2018 AT CONSTANT CURRENCIES WAS OVER 20% HIGHER THAN AT SAME DATE LAST YEAR.​.  Full Article

Ultra Electronics expects U.S. DOJ decision on Sparton deal by March
Friday, 10 Nov 2017 02:00am EST 

Nov 10 (Reuters) - Sparton Corp :ULTRA ELECTRONICS HOLDINGS PLC - ‍PROVIDES AN UPDATE ON HART-SCOTT-RODINO APPROVAL PROCESS FOR ULTRA'S PENDING ACQUISITION OF SPARTON​.ULTRA ELECTRONICS - ‍ENTERED INTO A TIMING AGREEMENT WITH US DOJ WHICH SETS TIME TARGETS FOR ULTRA'S FURTHER DOCUMENT SUBMISSION​.ULTRA ELECTRONICS HOLDINGS PLC - ‍TARGET IS TO SUBMIT ALL REQUESTED DOCUMENTATION BY 30 NOVEMBER 2017​.ULTRA ELECTRONICS HOLDINGS PLC - ‍A DECISION FROM DOJ IS NOW EXPECTED AT END OF MARCH 2018​.  Full Article

Ultra Electronics awarded $16 mln in contracts for hippag stores ejections systems​
Monday, 16 Oct 2017 02:00am EDT 

Oct 16 (Reuters) - Ultra Electronics Holdings Plc :ULTRA ELECTRONICS - CONTRACT WIN.‍ULTRA ELECTRONICS PCS AWARDED $16M IN CONTRACTS FOR ADDITIONAL HIPPAG STORES EJECTIONS SYSTEMS​.CONTRACTS SEE PCS SUPPLY ADDITIONAL TRANCHES OF HIPPAG STORES EJECTION SYSTEMS FOR FRONT LINE U.S. AND INTERNATIONAL STRIKE AIRCRAFT​.  Full Article

Ultra Electronics wins 9 mln stg baggage management software contract
Wednesday, 11 Oct 2017 02:00am EDT 

Oct 11 (Reuters) - Ultra Electronics Holdings Plc :contract win.‍Ultra wins £9m baggage management software contract at heathrow airport​.  Full Article

Ultra Electronics wins 37 mln stg electric propulsion contract
Monday, 25 Sep 2017 07:05am EDT 

Sept 25 (Reuters) - Ultra Electronics Holdings Plc ::ULTRA ELECTRONICS - CONTRACT WIN.AWARDED £37M ELECTRIC PROPULSION SYSTEM CONTRACT.CONTRACT FOR FINAL DEVELOPMENT AND PRODUCTION OF A HYBRID ELECTRIC PROPULSION SYSTEM.CONTRACT IS SECOND OF THREE MAJOR CONTRACTS EXPECTED BY GROUP IN SECOND HALF OF YEAR​.  Full Article

BRIEF-Ultra Electronics Says Co and Sparton Expect To Have Certified Compliance With DOJ's Requests On Or Before Feb 8

* CO AND ‍SPARTON HAVE AGREED AN EXTENSION OF INITIAL LONG STOP DATE FROM 31 JANUARY 2018 TO 31 MARCH 2018​