Ultra Electronics Holdings PLC Contract win (2430T)
October 11 2017 - 2:00AM
UK Regulatory
TIDMULE
RNS Number : 2430T
Ultra Electronics Holdings PLC
11 October 2017
11 October 2017
Ultra Electronics Holdings plc
("Ultra" or "the Group")
Ultra wins GBP9m baggage management software contract at
Heathrow Airport
Ultra Electronics announced today that its Airport Systems
business has been awarded a GBP9m contract by the Airline Operators
Committee at London Heathrow Airport following a competitive tender
process. The contract for Ultra's baggage reconciliation,
segregation, reflighting, tracking and reporting software is to be
delivered as a managed service solution over 5 years. This marks
the fourth successive time since 2003 that the airline community at
Heathrow has selected Airport Systems to deliver what is the
world's largest and most complex baggage management system,
critical for efficient flight operations at one of the world's
busiest airports.
Rakesh Sharma, Chief Executive of Ultra Electronics commented:
"This contract highlights Ultra as a world-leading supplier of
airport operational management solutions. I am delighted that as
this contract runs to 2023, it will mark 20 years of continuous
support to the airlines at Heathrow from Ultra's baggage management
software and managed service capability."
- Ends -
Enquiries:
Rakesh Sharma, Chief Executive 02088134307
Ami Sharma, Group Finance Director
Susan McErlain, Corporate Affairs Director 07836522722
James White, MHP Communications 02031288756
www.ultra-electronics.com | www.ultra-as.com
Further information about Ultra:
Ultra Electronics is an internationally successful defence,
security, transport and energy company with a long, consistent
track record of development and growth. The Group manages a
portfolio of specialist capabilities generating innovative
solutions to customer needs. Ultra applies electronic and software
technologies in demanding and critical environments ranging from
military applications, through safety-critical devices in aircraft,
to nuclear controls and sensor measurement. These capabilities have
seen the Group's highly differentiated products contributing to a
large number of platforms and programmes.
Ultra has world-leading positions in many of its specialist
capabilities and, as an independent, non-threatening partner, is
able to support all of the main prime contractors in its sectors.
As a result of such positioning, Ultra's systems, equipment or
services are often mission or safety-critical to the successful
operation of the platform to which they contribute. In turn, this
mission-criticality secures Ultra's positions for the long term
which underpins the superior financial performance of the
Group.
Ultra offers support to its customers through the design,
delivery and support phases of a programme. Ultra businesses have a
high degree of operational autonomy where the local management
teams are empowered to devise and implement competitive strategies
that reflect their expertise in their specific niches. The Group
has a small head office and executive team that provide to the
individual businesses the same agile, responsive support that they
provide to customers as well as formulating Ultra's overarching,
corporate strategy
Across the Group's three divisions, Ultra operates in the
following eight market segments:
* Land
* Aerospace
* Maritime
* Communications
* Nuclear
* C2ISR
* Infrastructure * Underwater Warfare
This information is provided by RNS
The company news service from the London Stock Exchange
END
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