ULE.L Share News (ULE)

Ultra Electronics Wins Sonobuoy Contract Extension With Royal Navy

Ultra Electronics extends sonobuoys supply contract with Royal Navy

(ShareCast News) - Defence and security firm Ultra Electronics has won a contract extension from the Royal Navy for the supply of sonobuoys that it said is worth £9.7m. The FTSE 250 company's command and sonar systems sonobuoy facility in Greenford, Middlesex was awarded a contract extension to supp

BROKER RATINGS SUMMARY: Credit Suisse Raises Rio Tinto And Cuts BHP

Ultra Electronics revenue growth to fall short of forecasts

(ShareCast News) - Ultra Electronics said its trading performance remained in line with expectations, though full-year organic revenue growth will be "slightly below" previous guidance and there remained some blockages in the contract pipeline. The FTSE 250 group, a provider of electronics devices f

Directors dealings: BAE Systems director takes profits

(ShareCast News) - BAE Systems's group director for business development took advantage of a two-day spike in the shares of the aerospace and defence engineer to take some profits. On 10 November, Alan Garwood sold 33,000 shares at an individual price of 605p each, walking off with £199,650. Betwee

Ultra Electronics awarded $7m US Navy contract

(ShareCast News) - Ultra Electronics announced on Monday that its Ocean Systems business, based in Braintree, Massachusetts, has been awarded a contract valued at just over $6.6m from Lockheed Martin. The FTSE 250 company said the deal was for the non-recurring engineering and production of the MK 4

Rolls-Royce boosted as JPMorgan says it's biggest FX winner in sector

(ShareCast News) - Rolls-Royce got a boost on Monday after JPMorgan Cazenove upgraded its price target on the stock to 890p from 835p as it took a look at the UK aerospace and defence sector. The bank said it was updating its earnings per share estimates, mostly for the recent strengthening of the d

Ultra Electronics wins $35m contract with US Navy

(ShareCast News) - Ultra Electronics announced on Monday that it has been awarded a $34.6m cost-plus-fixed-fee contract by the US Department of the Navy to continue providing cyber-secure critical infrastructure solutions. The FTSE 250 firm said initial tasks of $13.9m should be completed by Septemb

Ultra Electronics announces rebrand for Ultra Payments

(ShareCast News) - Ultra Electronics announced the launch of a new brand for Ultra Payments on Tuesday - CORVID PayGate. The FTSE 250 firm said the division - also previously also known as Barron McCann Payments - specialises in the development and supply of global strategic payment processing softw

Friday broker round-up

(ShareCast News) - Merlin Entertainments: UBS reiterates buy with a target price of 540p. Fenner: Jefferies maintains buy with a 205p target. Randgold Resources: UBS upgrades to buy with a 9750p target. Lloyds: Berenberg reiterates hold with a 55p target. BAE Systems: Goldman Sachs keeps at buy w

UK Dividends Calendar - Next 7 Days

Ultra Electronics wins £7.5m contract

(ShareCast News) - Ultra Electronics' Command & Control Systems business has been awarded a £7.5m contract from the Philippine Department of National Defence for Phase 3B of the Jacinto Class Patrol Vessel Restoration and Sustainment Programme. The contract will be completed over a period of 25 mont

Broker tips: Ultra Electronics, Wolseley, Standard Chartered

(ShareCast News) - Ultra Electronics was left with a 'buy' rating but had its target price lowered to 2,000p from 2,100p by Berenberg on Tuesday. Berenberg raised the earnings per share forecast for fiscal years 2017 and 2018 by 2% to reflect the company's positive half year interims and an improvin

Berenberg reiterates 'buy' on Ultra Electronics but cuts target price

(ShareCast News) - Ultra Electronics was left with a 'buy' rating but had its target price lowered to 2,000p from 2,100p by Berenberg on Tuesday. Berenberg raised the earnings per share forecast for fiscal years 2017 and 2018 by 2% to reflect the company's positive half year interims and an improvin

Ultra Electronics completes divestment of ID cards business

(ShareCast News) - Ultra Electronics Holdings said on Wednesday it has completed the divestment of its ID cards business to LDC for £22m. The group, which provides services to defence, security, transport and energy industries, said it has received US regulatory approval. Ultra Electronics ID will