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United Kingdom

Ultra Electronics Holdings PLC (ULE.L)

ULE.L on London Stock Exchange

2,038.00GBp
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-28.00 (-1.36%)
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2,066.00
Open
2,102.00
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2,034.00
Volume
42,845
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168,252
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2,294.00
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Latest Key Developments (Source: Significant Developments)

Ultra Electronics Appoints Jos Sclater As Group Finance Director
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - Ultra Electronics Holdings PLC ::JOS SCLATER WILL JOIN GROUP AND BE APPOINTED TO BOARD AS GROUP FINANCE DIRECTOR ON 9 DECEMBER 2019.  Full Article

Ultra Electronics-Sparton Deleon JV Awarded U.S. Navy Sonobuoy Contract
Friday, 16 Aug 2019 

Aug 16 (Reuters) - Ultra Electronics Holdings PLC ::ULTRA ELECTRONICS - CONTRACT WIN.ULTRA ELECTRONICS - ULTRA ELECTRONICS USSI AND SPARTON DELEON SPRINGS JOINT VENTURE (ERAPSCO) AWARDED NOT-TO-EXCEED $1.04B FOR U.S. NAVY SONOBUOY CONTRACT.CONTRACT PROVIDES BASE YEAR AWARD OF A FIVE YEAR INDEFINITE DELIVERY INDEFINITE QUANTITY (IDIQ) CONTRACT.ULE AND SPARTON DELEON SPRINGS, LLC ANNOUNCE AWARD OF AN IDIQ CONTRACT VALUED AT NOT-TO-EXCEED AMOUNT OF $1.04 BILLION.AWARD OF CONTRACT TO ERAPSCO JOINT VENTURE, FOR MANUFACTURE OF SONOBUOYS FOR UNITED STATES NAVY.  Full Article

Ultra Electronics Says Confident Of Underlying Progress In 2019
Friday, 3 May 2019 

May 3 (Reuters) - Ultra Electronics Holdings PLC ::SEEING FURTHER POSITIVE DEVELOPMENTS IN OUR ORDER BOOK AND CONTINUES TO TRADE IN LINE WITH EXPECTATIONS.REMAINS CONFIDENT THAT 2019 WILL BE A YEAR OF GOOD UNDERLYING PROGRESS.  Full Article

Sparton Corp, Ultra Electronics USSI JV Awarded $64.6 Mln
Monday, 27 Aug 2018 

Aug 27 (Reuters) - Sparton Corp ::SPARTON CORPORATION AND ULTRA ELECTRONICS USSI JOINT VENTURE (ERAPSCO) AWARDED $64.6M FOR U.S. NAVY SONOBUOY CONTRACTS.SPARTON CORP - AWARD IS GFY18 ERAPSCO INDEFINITE DELIVERY INDEFINITE QUANTITY CONTRACT RELEASE FOR SONOBUOY REQUIREMENTS UNDER ERAPSCO'S 5-YEAR CONTRACT.SPARTON CORP - ERAPSCO TO PROVIDE PRODUCTION SUBCONTRACTS OF $30.3 MILLION & $34.3 MILLION TO ULTRA ELECTRONICS USSI & SPARTON DELEON SPRINGS, RESPECTIVELY.SPARTON - PRODUCTION EXPECTED TO COMPLETE BY APRIL 2020.  Full Article

Ultra Electronics names Simon Pryce as CEO​
Thursday, 22 Mar 2018 

March 22 (Reuters) - Ultra Electronics Holdings Plc ::ULTRA ELECTRONICS - APPOINTMENT OF CHIEF EXECUTIVE OFFICER.‍APPOINTMENT OF SIMON PRYCE AS ITS CHIEF EXECUTIVE OFFICER. HE WILL JOIN GROUP AND ITS BOARD ON 18 JUNE 2018.​.‍SIMON WAS GROUP CHIEF EXECUTIVE OFFICER OF BBA AVIATION PLC ("BBA") FROM 2007 TO 2017.​.  Full Article

Ultra Electronics Holdings Says Sparton Merger Terminated​
Monday, 5 Mar 2018 

March 5 (Reuters) - Ultra Electronics Holdings Plc ::FINAL DIVIDEND 35 PENCEPER SHARE.TOTAL DIVIDEND 49.6 PENCEPER SHARE.‍PROPOSED FINAL DIVIDEND IS 35.0P, BRINGING TOTAL DIVIDEND FOR YEAR TO 49.6P​.FY REVENUE ‍775.4​ MILLION POUNDS VERSUS 785.8 MILLION POUNDS.FY UNDERLYING PROFIT BEFORE TAX 110.0 MILLION POUNDS VERSUS 120.1 MILLION POUNDS.‍SPARTON MERGER TERMINATED​.‍2018 EFFECTIVE TAX RATE IS EXPECTED TO BE BROADLY FLAT ON 2017​.‍£134M SHARE BUY-BACK TO BE IMPLEMENTED​.‍US NAVY INDICATED IT IS NOW CONSIDERING WAYS TO INCREASE COMPETITION IN SONOBUOY PROCUREMENT PROCESS OVER TIME, INCLUDING BETWEEN ULTRA AND SPARTON​.‍DOJ HAS STATED THAT IT INTENDS TO TAKE STEPS TO OPEN AN ANTITRUST INVESTIGATION INTO ERAPSCO JV​.‍SEARCH FOR A NEW CHIEF EXECUTIVE IS WELL UNDERWAY​.‍GROUP CURRENTLY EXPECTS TO FACE A FOREIGN EXCHANGE HEADWIND IN 2018​.BOARD'S EXPECTATIONS REMAIN FOR GROUP TO MAKE MODEST PROGRESS IN UNDERLYING REVENUE AND OPERATING PROFIT AT CONSTANT CURRENCIES IN 2018​.‍2018 EFFECTIVE TAX RATE IS EXPECTED TO BE BROADLY FLAT ON 2017.​.EXPECTATIONS REMAIN FOR GROUP TO MAKE MODEST PROGRESS IN UNDERLYING REVENUE AND OPERATING PROFIT AT CONSTANT CURRENCIES IN 2018​.  Full Article

Sparton Announces Extension Of Outside Date Under Merger Agreement With Ultra
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - Sparton Corp ::SPARTON ANNOUNCES EXTENSION OF OUTSIDE DATE UNDER MERGER AGREEMENT WITH ULTRA.SPARTON CORP - ‍ OUTSIDE DATE UNDER MERGER AGREEMENT WITH ULTRA EXTENDED TO MARCH 31, 2018​.SPARTON CORP - ‍EXPECTS THAT BOTH SPARTON AND ULTRA WILL HAVE CERTIFIED COMPLIANCE WITH SECOND REQUESTS ON OR BEFORE FEB 8, 2018​.  Full Article

Ultra Electronics Holdings Expects Full Year Revenue To Be Over 770 Mln Pounds
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Ultra Electronics Holdings Plc ::GROUP TRADING REMAINS IN LINE WITH ANNOUNCEMENT MADE ON 10 NOVEMBER 2017.‍FULL YEAR REVENUE IS EXPECTED TO BE OVER £770M AND UNDERLYING OPERATING PROFIT JUST OVER £120 MILLION​.ORDER INTAKE HAS CONTINUED TO BE STRONG AT AROUND £900M IN FY 2017.CASH CONVERSION IS EXPECTED ABOVE 90% AND FOLLOWS CASH CONVERSION OF 92% FOR YEAR ENDED 31 DECEMBER 2016.ULTRA ELECTRONICS HOLDINGS - ‍BOARD REMAINS MINDED TO RECOMMEND A FINAL DIVIDEND OF 35P PER SHARE AND WILL FINALISE WHEN GROUP ANNOUNCES FY RESULTS​.ENTERS YEAR WITH AN ORDER COVER ON EXPECTED 2018 REVENUES OF AROUND 62%, COMPARED WITH APPROXIMATELY 56% IN 2017.‍TRADING PERFORMANCE FOR EACH HALF OF 2018 IS EXPECTED TO BE APPROXIMATELY 48%:52%​.MEDIUM TERM GUIDANCE FOR CASH CONVERSION REMAINS IN LINE WITH 80% TO 85% LEVELS MENTIONED IN ANNOUNCEMENT OF 10 NOV.SEARCH FOR A NEW CHIEF EXECUTIVE IS UNDERWAY.  Full Article

Ultra Electronics Wins Two Contracts
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Ultra Electronics Holdings Plc ::ULTRA ELECTRONICS - CONTRACT WINS.ULTRA ELECTRONICS - ‍GROUP'S COMMUNICATION & INTEGRATED SYSTEMS (CIS) BUSINESS HAS BEEN AWARDED A UK CONTRACT VALUED AT £16.6 MILLION​.ULTRA ELECTRONICS HOLDINGS PLC - ‍GROUP WILL ALSO PROVIDE SPECIALIST SUPPORT OVER COURSE OF SYSTEM'S USE​.ULTRA ELECTRONICS HOLDINGS PLC - ‍PRECISION CONTROL SYSTEMS (PCS) BUSINESS HAS BEEN AWARDED A CONTRACT VALUED AT £9 MILLION​.  Full Article

Ultra Electronics announces completion of CFIUS process
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - ULTRA ELECTRONICS HOLDINGS PLC ::SAYS THAT ON NOV 20 COMMITTEE ON FOREIGN INVESTMENT IN UNITED STATES (CFIUS) COMPLETED ITS REVIEW PROCESS.CFIUS STATED THERE ARE NO UNRESOLVED NATIONAL SECURITY CONCERNS WITH RESPECT TO ULTRA'S PROPOSED ACQUISITION OF SPARTON CORP.  Full Article

Ex-divs to take 0.8 points off FTSE 100 on Aug 29

LONDON, Aug 26 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 0.8 points off the index. RIC COMPANY DIVIDEND STOCK IMPACT (pence) OPTION AUTO TRADER 4.6