(ShareCast News) - Defence and engineering firm Ultra Electronics reported a rise in first-half pre-tax profit but said Brexit could affect the government's commitment to major defence projects. For the six months to 1 July, IFRS pre-tax profit rose 120% to £32.6m as revenue jumped 10.5% to £366.6m.
Read more(ShareCast News) - Ultra Electronics said its Ocean Systems business, based in the USA, has been awarded a firm one year contract valued at just over $4m from the US Navy for the continuing production of the ADC MK2 Countermeasure. Options to extend the contract for a further four years could increa
Read more(ShareCast News) - International defence, security, transport and energy company Ultra Electronics issued a pre-close trading statement on Monday, ahead of its interim results for 2016, and confirmed trading in the first half has been as expected. The FTSE 250 firm said based on exchange rates on 23
Read more(ShareCast News) - B&M European Value: Retail HSBC reiterates buy with a 410p target. Zoopla: Jefferies stays at buy with a 430p target. Royal Dutch Shell "a": UBS reiterates buy with a target price of 1950p and HSBC stays at buy with a 2000p target. Ultra Electronic Holdings: JP Morgan reiterates
Read more(ShareCast News) - Ultra Electronics has agreed to sell its global ID business, Ultra Electronics ID, to private equity firm LDC, for an initial £22m in cash, with additional payments of up to £3m subject to earnings growth over the next two years. Ultra said the proceeds of the disposal will be use
Read more(ShareCast News) - Ultra Electronics has won a $18.4m electronic warfare equipment contract for drone aircraft, which had been delayed from the last financial year. Montreal subsidiary Ultra TCS picked up the contract, from an unnamed customer 'in a NATO country', to provide electronic warfare equip
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