Ultra Electronics
Ultra Electronics extends £120 million facility due September 2013
Ultra Electronics (LSE: ULE) has signed a new £120 million bank facility to replace an existing facility of the same size, which was set to mature in November 2010, while the new one will not be due until September 2013.
Ultra Electronics also has a £80 million facility maturing in September 2011.
Ultra Electronics is a group of specialist businesses designing, manufacturing, and supporting electronic and electromechanical systems, sub-systems and products for defence, security and aerospace applications worldwide.
The company has recently won a £20 million contract to provide Electricite de France’s (EuroNext-PARIS: EDF) British Energy unit with high integrity sensors for use in its nuclear reactors, which is expected to be completed in 2014.
Other Ultra Electronics news
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02/02/10 Ultra Electronics wins £20 mln EDF contract to supply nuclear reactor sensors
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11/01/10 Ultra Electronics wins gun controls order valued up to £14 mln from BAE, Nexter JV
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08/07/09 Ultra Electronics buys Australian defence electronics business Avalon
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21/05/09 Ultra Electronics buys French airport IT systems business for about €5 million
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11/05/09 Ultra Electronics wins US$15 mln contract for battlespace IT system for Bahrain
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24/04/09 Ultra Electronics says year to-date trading in line with expectations
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15/12/08 Ultra Electronics buys Siemens UK radiation monitoring business
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17/11/08 Ultra Electronics confident of further progress next year as second-half performance is in line with expectations






