Ultra Electronics sees "significant exposure" to U.S. defence spending

From Reuters - January 10, 2018

(Reuters) - British defense contractor Ultra Electronics, which has warned of lower defense orders in the country, said on Thursday it had significant exposure to a rising U.S. defense budget, and had seen growing demand for advanced technologies.

The company, which makes military electronics for land, air and sea forces, also said it expects to make modest progress in 2018 underlying revenue and operating profit on a constant currency basis.


Continue reading at Reuters »