UK defence outlook poor unless companies export, as � cheap. Ultra electronics statement ripple effect. No UK orders for some time in Cohort though so risk of tail eating.
Strange that there has been no announcement about the departure of Ashley Lane, the MASS MD (see MASS website). Recent acquisitions MCL and J+S Marine seem to be the only parts still winning business
I note FLIR have bought Norwegian Prox Dynamics who make the UAV MCL have a major support contract for. FLIR have UK offices = risk to MCL on exiting contract perhaps