23 June 2010 Ultra's flat battery Sir Ian Orr-Ewing's 'bitter disappointment' in June 1970 was understandable as early Sonobuoys were fraught with problems New Electronics archive: June 23 1970 As well as limited battery life, the sonar systems which conduct anti-submarine warfare, had limited range and were overwhelmed by the sheer volume of noise created by the ocean. Thankfully, Orr-Ewing's frustration was short lived – just a few months after the announcement of Ultra's pre-tax loss of £739,066, he was created a life peer – Baron Orr-Ewing of Little Berkhamsted. Meanwhile, Ultra's future was a little more complex. Seven years after this news item, the defence specialist was bought by Dowty Group, while in 1993 it was the subject of a management buyout led by Julian Blogh of seven Dowty Group plc companies, which had been acquired by TI Group in 1992. Today, Ultra generates a revenue of around £651million, with an operating income of £76m. It has 21 operations sites with approximately half based in the UK. Author Chris Shaw Comment on this article Websites http://www.ultra-electronics.com/ Companies Ultra Electronics This material is protected by Findlay Media copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. Enjoy this story? People who read this article also read... Southern Manufacturing This year, Southern Manufacturing and Electronics is set to be ... Read Article Claire Jeffreys, NEW Claire Jeffreys, events director, National Electronics Week, ... Read Article Arrow buys Nu Horizons Arrow is buying Nu Horizons in an all cash deal which values the ... Read Article NIDays 2013 NIDays is a technical conference designed specifically for ... Read Article What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.