logo
Share SHARE
FONT-SIZE Plus   Neg

Ultra Electronics Wins $19 Mln US Navy Contract For Acoustic Countermeasures

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Health IQ Insurance Services, a startup focused on providing life insurance for health-conscious individuals, said it has secured $34.6 million in Series C funding, led by Andreessen Horowitz. To date, the company has raised a total of $81 million in funding mostly from its existing investors. General Motors Co. is recalling nearly 49,000 trucks worldwide to fix a fuel tank issue that can increase the risk of a fire. The recall covers Chevrolet Silverado 3500 and GMC Sierra 3500 trucks from the 2011 through 2015 model years, all equipped with dual fuel tanks. Meredith Corp. is reportedly in talks for the acquisition of Time Inc, with a staunch support from billionaire brothers Charles and David Koch. Des Moines-based Meredith is the publisher of Family Circle and Better Homes and Gardens and aims to acquire the publisher of Time, People and Fortune Magazines.
comments powered by Disqus
Follow RTT