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12 Jan 2022 | 07:39

Ultra Electronics secures major contract with Indian Navy

(Sharecast News) - Application-engineered solutions provider Ultra Electronics has been awarded a major contract with the Indian Navy, in partnership with Mahindra Defence Systems. Ultra Electronics said on Wednesday that it had been chosen for the navy's Integrated Anti-Submarine Warfare Defence Suite programme for selected frontline warships, a powerful multi-sensor ASW capability using an in-line active and passive towed low-frequency variable depth sonar, as well as torpedo defence with embedded detection, classification and localisation to defeat detected torpedo threats.

The contract was said to be worth approximately £60.0m to Ultra, with deliveries due to commence in 2024 and be completed by 2030.

Chief executive Simon Pryce said: "IADS represents a major enhancement in the Indian Navy's anti-submarine warfare capability and ability to deliver maritime mission effectiveness and protection to India's surface fleet.

"This is another significant and strategic order for Ultra and our Sonar Systems business unit. We are very proud of and committed to this programme, and to our long-term partnership with Mahindra Defence to deliver outstanding solutions to the Indian Navy."
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