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.
Click here to receive FREE breaking news email alerts for Ultra Electronics and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org