Ultra Electronics wins $18m contract

Ultra Electronics has been awarded a "major" surveillance and security system contract valued at $18m over the next 26 months.

In addition, the company's Communication & Integrated Systems business will provide five years of specialist support over the course of the system's use.

Chief executive Rakesh Sharma said: "I am pleased we have signed this agreement which recognises Ultra's position in the supply of surveillance and security systems to an international customer. Our wide portfolio of capabilities was key to securing the initial contract and we are delighted by the agreement to provide long-term support for the programme."