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Ultra Electronics Holdings PLC (ULE.L)

ULE.L on London Stock Exchange

1,142.00GBp
21 Nov 2017
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Latest Key Developments (Source: Significant Developments)

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

Ultra Electronics updates on pending acquisition of Sparton
Monday, 25 Sep 2017 07:05am EDT 

Sept 25 (Reuters) - Ultra Electronics: :SAYS RECEIVED REQUEST FOR ADDITIONAL INFORMATION FROM UNITED STATES DEPARTMENT OF JUSTICE (DOJ) IN CONNECTION WITH ULTRA'S PENDING ACQUISITION OF SPARTON.  Full Article

Ultra Electronics bid to buy U.S. warfare device maker Sparton approved by shareholders
Tuesday, 29 Aug 2017 08:19am EDT 

Aug 29 (Reuters) - Ultra Electronics :RESOLUTION PUT TO ULTRA SHAREHOLDERS TO APPROVE PROPOSED ACQUISITION OF SPARTON WAS PASSED WITH REQUISITE MAJORITY ON A SHOW OF HANDS.  Full Article

Ultra Electronics posts HY IFRS PBT of 30.9 mln pounds
Monday, 7 Aug 2017 02:00am EDT 

Aug 7 (Reuters) - Ultra Electronics Holdings Plc :INTERIM DIVIDEND UP 2.8 PERCENT TO 14.6 PENCEPER SHARE.HY IFRS PBT 30.9 MILLION POUNDS VERSUS 32.6 MILLION POUNDS YEAR AGO.HY UNDERLYING PBT 52.3 MILLION POUNDS VERSUS 52.4 MILLION POUNDS YEAR AGO.HY UNDERLYING EPS 58.3 PENCE.HY REVENUE 366.4 MILLION POUNDS VERSUS 366.6 MILLION POUNDS YEAR AGO.INTERIM DIVIDEND PER SHARE 14.6 PENCE VERSUS 14.2 PENCE YEAR AGO.HY OPERATING MARGIN IN LINE WITH PRIOR PERIOD, AT 15.7%.HY ORGANIC GROWTH IN ORDER INTAKE OF 1.5% WITH BOOK TO BILL OF 1.07.EXPECTATIONS FOR FULL YEAR REMAIN UNCHANGED.HY ORDER BOOK INCREASED 2.8% TO £807.8M (2016: £785.7M).  Full Article

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Breakingviews - Britain brings the gloom to global defence party

LONDON (Reuters Breakingviews) - Britain is the killjoy at the global defence party. Shares in Ultra Electronics fell by almost a fifth on Monday as the UK defence contractor warned of tight UK spending. Mid-market groups might face foreign invasions of their own.