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ULTRA ELECTRONICS

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ULTRA ELECTRONICS - Aerospace showcase

Year Founded & Workforce

1920

4,100 Employees

Industry

Aerospace

Services

Surface Ship SonarSonobuoys
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ULTRA ELECTRONICS Overview

Company Headquarters: Greenford, London, UK

Founded: 1920

Workforce: ~4,100

Company Working: Ultra Electronics offers a wide range of specialist capabilities, generating highly-differentiated solutions and products in the security & cyber, defense & aerospace, transport, and energy markets. It provides support to its customers through the design, delivery, and support phases of a program. It focuses on a high degree of operational autonomy to provide quality products and aftersales support to customers and partners. Operationally, the group is organized into three major divisions, namely aerospace & infrastructure, communications & security, and maritime & land. The firm provides sonar systems under its maritime & land segment.

Strategy

Ultra Electronics is focused on strengthening its presence in the global sonar systems and technology market by developing new products and acquiring contracts from the governments of European countries. Furthermore, the company is focusing on optimizing its operational activities by implementing various cost-effective techniques, such as Just in Time (JIT), high-quality standards, and building a strong supply chain network.

Company Snapshot

$829.3M

Revenue

4,100

Employees

1920

Founded

Greenford, London, UK

Headquarters

SWOT Analysis

Strengths

  • Large customer base
  • Wide geographic presence
  • Broad product portfolio

Weaknesses

  • Declining R&D investments. The company’s R&D investment declined from USD 340.3 million in 2017 to USD 302.8 million in 2018.

Opportunities

  • Rise in maritime disputes in regions such as Asia-Pacific and North America

Threats

  • Intense competition from companies such as ASELSAN AŞ and Kongsberg Maritime

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Key Developments

DateApproachDevelopment
August 2019ContractUltra Electronics signed an IDIQ contract with the US Navy to provide sonobuoys to the latter.
April 2019ContractUltra Electronics signed an IDIQ contract with the Naval Surface Warfare Center to provide hull-mounted sonar systems.
February 2019ContractUltra Electronics signed a contract with the French Navy to manufacture sonobuoys for the latter.
October 2017ContractUltra Electronics signed an IDIQ contract with the US Navy to provide moification services for the US Navy’s sonobuoys.
January 2017ContractUltra Electronics signed a contract with the Royal Navy to manufacture and supply sonobuoys for the Royal Navy’s Merlin Mk2 Maritime Patrol Helicopter fleet.

Product Offering

  • ULTRA ELECTRONICS
    • Surface Ship Sonar
    • Sonobuoys

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global Revenue rose from USD 829.3 Mn in 2016 to USD 878.3 Mn in 2018.
ULTRA ELECTRONICS — By Business Segment
Series (USD Mn)201620172018
Global Revenue829.3932.1878.3

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