Ultra Electronics: Information from Answers.com

Ultra Electronics Holdings plc

Type	Public (LSE: ULE)
Founded	1920
Headquarters	Greenford, London, UK
Key people	Julian Blogh, Chairman Douglas Caster (CEO)
Industry	Aerospace and defence
Revenue	£515.3 million (2008)
Operating income	£64.1 million (2008)
Net income	£1.8 million (2008)
Website	www.ultra-electronics.com

Ultra Electronics Holdings (LSE: ULE) is a British aerospace and defence company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The Company was started by Teddy Rosen in 1920 as Ultra Electric.^[1] Ultra manufactured radio sets for the U.K. domestic market,^[2] and in 1939, presented a television receiver to the market for the BBC High Definition Television Service which was transmitted on 405 lines from the studios at Alexandra Palace, North London.^[3] During World War II the Company diversified into building tails for the Stirling bomber.^[4]

Ultra Electric acquired Pilot Radio & Television in 1959 before splitting into two divisions, one dealing with domestic radio & television and the other with electronic products, in 1960.^[5] In 1961 Ultra became part of the Thorn Electrical Industries.^[1] Then in 1977 it was bought by Dowty Group.^[6]

In 1993 Ultra was the subject of a management buy out^[7] led by Julian Blogh^[8] of seven Dowty Group plc companies, which had been acquired by TI Group in 1992.^[9]

Operations

The company operates its portfolio as an umbrella of specialist businesses designing, manufacturing and supporting electronic and electromechanical systems, sub-systems and products for defence, security and aerospace applications worldwide. It employs over 3500 people. The Head Office is located in Greenford, Middlesex, UK.

Ultra operations today are based on 21 sites, with approximately half in the UK and half in the USA and Canada. It also has offices in Singapore and the UAE and has recently established (2007) the Ultra Electronics Pty Ltd subsidiary based in Adelaide Australia.

The company is structured around 3 divisions : Information and Power Systems, Aircraft and Vehicle Systems and Tactical and Sonar Systems.

References

^ ^a ^b Vintage Technology: Ultra Electric
^ Vintage Technology: Ultra Electric: Instructions: Television V470 (1747)
^ History of the BBC
^ One firm's war Flight Magazine, 29 July 1960
^ Ultra Electric Re-organisation Flight Magazine, 15 January 1960
^ Ultra Electronics: History
^ "Ultra Electronics Holdings plc Annual Report and Accounts 2005 Page 31" (PDF). Ultra Electronics Holdings plc. 2005. http://www.hemscott.com/ir/ule/pdf/annual_review_2005.pdf. Retrieved 2006-09-25.
^ Campbell, Katharine (1997-09-23). "'Pilot' with the right stuff: How three companies won acclaim in the Venturer of the Year awards". Financial Times.
^ "British Engineering Merger Moves Forward". Reuters. 1992-06-11. http://query.nytimes.com/gst/fullpage.html?res=9E0CE2DC123EF932A25755C0A964958260&sec=&pagewanted=print. Retrieved 2006-09-25.

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FTSE 250 companies of the United Kingdom

As of 21 September 2009.

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