Update: Facing up to the market
Ultra is embarking on the next step in its evolution. The recent reorganisation to a market-facing structure, combined with the acquisitions of EPD and Furnace Parts, display a clear shift towards a more focused, customer-oriented business, which should allow the scale of Ultra’s ambition to increase. It should also enable the company to use its strong cash flows to augment embedded long-term organic growth of 4-5%. The in-line Q3 statement is reassuring, given the signalled departure to the private sector of the well-regarded CFO at her own instigation.Ultra Electronics Holdings is a holding company. Through its subsidiaries, Co. is engaged in the design, development and manufacture of electronic systems for the international defence and aerospace markets. Co. manages a range of capabilities, generating solutions and products in the Defence & Aerospace, Security & Cyber, Transport and Energy markets. Co. is organized into three operating segments – Aerospace & Infrastructure, Communications & Security and Maritime & Land.
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