Ultra Electronics was awarded a $15,364,212 federal contract by the U.S. Space and Naval Warfare Systems Center Command, Charleston, S.C., for engineering and technical services to support Air Defense Systems Integrator systems, communication systems and satellite communication systems.

Ultra Electronics Holdings plc reported interim management statement for the period 1 January 2013 to 25 April 2013. Overall, conditions in Ultra's markets remain as noted on 4 March 2013 in the 2012 preliminary results announcement. In the US, sequestration was enacted but an extension of the 6-month Continuing Resolution was avoided. A full year 2013 defence budget was established at broadly full year 2012 levels at $533 billion but remains subject to sequestration cuts of $43 billion. While little detail has yet emerged, the DoD now has some ability to prioritise programmes and programme visibility can be expected to improve during the second half of the year. In the UK, while the MoD has acted to stabilise defence spending around a core programme, the budget remains under pressure as the UK Government struggles with its own deficit problems. Ultra's other markets remain strong. Border security and critical infrastructure protection programmes are providing opportunities in both core and emerging markets. As the scale of the potential cyber threat is better understood in both the government and private sector, demand for Ultra's specialist capabilities increases. The group continues to pursue major airport IT opportunities, building on the capability established for the Oman project. Current and future demand for nuclear energy systems and sensors remains buoyant as operators address plant life-extension plans. With defence market uncertainties and related programme delays continuing, Ultra still expects a greater second half weighting of defence orders and revenues. The group is maintaining its customary vigilance around cost control as individual businesses adjust to their market conditions. Restructuring has continued during the first half of 2013 and, as detailed in March, will include a £2.4 million cost in the TCS radios business. Net savings from the restructuring will accrue in the second half of the year. The first half may also need to reflect higher bid costs depending on the successful negotiation of a new programme in the Far East. Ultra's balance sheet remains strong and there has been no significant change in the financial position of the group since that reported on 4 March 2013.

Ultra Electronics Holdings plc Presents at Bank of America Merrill Lynch Global Industrials & EU Autos Conference 2013, Mar-21-2013 10:30 AM. Venue: Bank of America Merrill Lynch Financial Centre, 2 King Edward Street, London, EC1A 1HQ, United Kingdom. Speakers: Paul D. Dean, Group Finance Director and Director, Rakesh Sharma, Chief Executive, Director and Member of Ethics Committee.