Ultra Electronics wins £76 mln cryptographic modernisation contract from UK MOD

Defence and aerospace group Ultra Electronics Holdings PLC (LON:ULE)  said its Middlesex-based Communication & Integrated Systems business has been awarded a production contract valued at £76 million relating to the End Cryptographic Unit Replacement Programme (ECU RP), the first phase of the UK Ministry of Defence's cryptographic modernisation programme.
Ultra announced in February 2010 that it had been selected as the preferred bidder for ECU RP and received a contract for risk reduction activities at that time.
This new production contract is worth £76 million with potential additional value to Ultra if related support activities are awarded. Ultra will carry out the production phase of ECU RP between 2010 and the end of 2014.

ECU RP will replace 23 different types of legacy cryptographic equipment using modern, programmable technologies. The new cryptographic equipment will be installed in over 30 platform types at over 100 locations.

Ultra chief executive Douglas Caster commented: "Successful execution of this contract will also position Ultra for other key projects in the UK's cryptographic modernisation programme and the wider information assurance market."