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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 RTTNews Staff Writer

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