Ultra Electronics Wins GBP76M Cryptographic Contract

14th Jul 2010 07:42

LONDON (Dow Jones)--Ultra Electronics Holdings PLC (ULE.LN), a defense and aerospace company, said Wednesday its Communication & Integrated Systems business has been awarded a production contract valued at GBP76 million relating to the End Cryptographic Unit Replacement Program, or ECU RP, the first phase of the U.K. MOD's cryptographic modernization program. MAIN FACTS: -This new production contract has potential additional value to Ultra if related support activities are awarded; Ultra's execution of this production phase of ECU RP will be between 2010 and the end of 2014. -ECU RP will replace 23 different types of legacy cryptographic equipment using modern, programmable technologies. -The new cryptographic equipment will be installed in over 30 platform types at over 100 locations; The contract has been awarded by the Networks Team within the U.K. MoD's Defense Equipment & Support organization. -Shares on Tuesday closed at 1570 pence, valuing the company at GBP1.08 billion. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires July 14, 2010 02:42 ET (06:42 GMT)