Ultra Electronics Holdings, the UK-based aerospace and defence group, increased turnover by 5.6% to £239.5 million ($341 million) and raised pre-tax profits by 5.6% to £27.1 million in the year ending 31 December 2001 as new defence contracts offset a fall in demand for civil aviation products.
Sales were driven by naval systems, anti-submarine warfare products and the high-pressure pure air generators that have been selected by Lockheed Martin for the F-35 Joint Strike Fighter. Subsidiary Ferranti Air Systems won fewer contracts for its airport systems products.
Overall, orders grew by 15% to £315 million, largely due to defence deals.
Source: Flight International
