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 MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. 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.