Defence and aerospace company, Ultra Electronics has acquired secure network communication solutions specialist, AEP Networks for an initial sum of $57.5million.
Defence specialist, Ultra Electronics has been awarded contracts by Rolls-Royce with a combined value of £54million for the supply of reactor control and instrumentation systems for Royal Navy submarines.
UK defence specialist, Ultra Electronics Holdings has announced a full year pre-tax profit of £102.7million, a 15% increase over the previous year's £89.5m.