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Ultra Electronics transforming at pace

The defence contractor's self-help measures are already generating substantive benefits
Ultra Electronics transforming at pace

 

  • Record order book and significant pipeline opportunities
  • Improved showing by the Forensic Technology segment

There were no great surprises, nasty or otherwise, in half-year figures for Ultra-Electronics (ULE), though they were superior to consensus expectations. Aggregate order volume stood at a record of £1.3bn, reflecting growth in advance of 60 per cent over the past five years. And the defence contractor reckons it has a better than even chance of securing pipeline contracts worth an estimated £12bn through to the end of decade.

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