TechMARK movers: ARM agreement with Fujitsu
28th Feb 2011 11:43
Chip designer ARM has signed a licence agreement with Fujitsu. This means that Fujitsu will offer ARM technology with its own platforms. ARM says the agreement will "enhance and deepen the companies' partnership". Fujitsu will be able to offer ARM technology at an earlier stage. Shares in Ultra
Read moreUltra Electronics confident about 2011
28th Feb 2011 07:07
Decent revenue growth from Ultra Electronics sparked a 15% increase in underlying profit at the defence electronics supplier last year. Profit before tax and exceptional items rose to £102.7m in 2010 from £89.5m the year before on revenue up 9% to £710m. Organic growth at constant currencies was 6%
Read moreUltra in bolt-on acquisition
10th Jan 2011 07:58
Ultra Electronics, the defence electronics supplier, has bought secure communications specialist 3e Technologies International from EF Johnson Technologies. The company is paying $30m in cash upfront for the company, with an additional $1m payable by early 2014. 3e designs, develops, markets and s
Read moreWednesday tips round-up: Ultra, Staffline, Yell
5th Jan 2011 06:43
The purchase of Adaptive Materials is a little different from the 40-odd acquisitions notched up by Ultra Electronics since it was spun out of the merged TI/Dowty in 1993. The American company, based in Ann Arbor, Michigan, has a proven technology but it has yet to turn a profit. Ultra shares were
Read moreUltra buys fuel cell technology company
4th Jan 2011 07:36
Defence industry supplier Ultra Electronic Holdings has bought Adaptive Materials, a US designer and manufacturer of portable power solutions. The company has been acquired from its founders, Dr. Aaron and Michelle Crumm, for an initial cash consideration of $23.0m. A further sum of up to $5.0m wil
Read moreUltra Electronics wins US Navy bomb contract
23rd Nov 2010 07:47
Defence products supplier Ultra Electronics has won a contract with the US Navy to provide a system for releasing bombs from planes using pneumatic energy. The company's precision air systems business will work with US defence contractor Raytheon, with Ultra providing its HiPPAG airborne compressor
Read moreUltra remains confident
11th Nov 2010 17:57
Defence electronics supplier Ultra Electronics remains confident that it can continue to grow despite pressure on UK and US defence budgets. More of the defence budgets are being spent on electronics, which is good news for Ultra. The company's products are specified in an increasing number of pro
Read moreUltra wins submarine contract
5th Oct 2010 07:18
Power systems developer Rolls-Royce has awarded a contract to defence industry supplier Ultra Electronic Holdings' command and control systems business. The £24m contract covers the procurement of long lead time materials for use in Royal Navy submarines. A further contract covering the production
Read moreUK SMALLCAP ROUNDUP: President Petroleum Co Ups Reserves
2nd Aug 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps PRESIDENT PETROLEUM CO. PLC (PPC.LN), an oil and gas explorer, Monday increased its reserves in the U.S. more than four-fold to 12.9 million barrels of o
Read moreUltra shrugs off spending threat
2nd Aug 2010 12:13
Defence industry supplier Ultra Electronics grew first half headline profit by 18% and believes it is sufficiently well diversified to offset any cuts in government spending. Profit before tax and one-offs for the six months ended 30 June climbed to £47.6m from £40.2m the year before on revenue up
Read moreUPDATE: Ultra Electronics Ups Dividend As Orders Rise
2nd Aug 2010 11:30
(Adds executive and analyst comment and detail.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Defense electronics company Ultra Electronics Holdings PLC (ULE.LN) Monday raised its dividend 10% and said it is confident about its prospects because governments are spending a
Read moreUK SMALLCAP ROUNDUP: Zimbabwe Investment Co Eyes $25M AIM IPO
2nd Aug 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MASAWARA, a Zimbabwe-focused investment company, Monday said it is aiming to raise $25 million in an initial public offering on London's junior Alternat
Read moreUltra Electronics Won't Be Hit Much By UK Budget Cuts
2nd Aug 2010 09:13
By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Defense electronics company Ultra Electronics Holdings PLC (ULE.LN) Monday said it doesn't anticipate being badly hit by cuts to U.K. government spending on defense, as the company eyes more opportunities in the U.S.. Chief Execut
Read moreUltra Electronics 1H Pretax Profit Down On Items, Orders Up
2nd Aug 2010 07:21
LONDON (Dow Jones)--Defense electronics company Ultra Electronics Holdings PLC (ULE.LN) Monday reported a 43% decline in first-half pretax profit, after gains on derivatives a year earlier weren't repeated, and said orders at June 30 were 8% higher than a year earlier at GBP832 million. Ultra sa
Read moreMARKET TALK: Growth Looking Scarce;Focus On Strong UK Mid-Caps
28th Jul 2010 14:26
1326 GMT [Dow Jones] Growth is set to become increasingly scarce in Western economies warns Ralph Brook-Fox, manager of Ignis UK Focus Fund. Says, "Any UK company that can demonstrate strong secular growth above the cyclical recovery will be well rewarded in its rating by the market." Suggests five
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