Ultra Electronics Holdings Plc (ULE.L) Monday announced that its Sonar Systems business has been awarded a contract worth 9.9 million pounds for provision of its Sea Sentor Surface Ship Torpedo Defence, or SSTD system, to be used for New Zealand's ANZAC Frigate Systems Upgrade programme.
Under this contract the Group will deliver two Sea Sentor SSTD Systems. The ANZAC FSU project will upgrade the surveillance, combat and self-defence capabilities of the ANZAC frigates to match current and future threats and address obsolescence of some of the current systems, the firm said.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.