Ultra Electronics Holdings Plc. (ULE.L) said its Ocean Systems business or UEOS, located in Massachusetts, U.S. has been awarded a three-year contract totaling over $19 million from the US Navy.
The contract is for the production of the Naval Acoustic Electromechanical Beacon or NAE Beacon expendable countermeasure. It includes a base year and two additional options for 2015 and 2016.
The NAE Beacon device is designed to counter torpedo threats, performing pre-selected missions while suspended from a float and tether.
Ultra is a recognised technical leader in undersea defence and electronics equipment and systems.
by RTT Staff Writer
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