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Ultra Electronics sees “good long-term opportunities and growth potential”

Ultra Electronics Holdings PLC (LON:ULE) said there are “good long-term opportunities and growth potential” as the engineering firm continues to trade in line with expectations.

In a brief update, the FTSE 250-listed company told investors there has been “good” order book development since its interim results, where it reported higher profits and revenues thanks to strong spending in the US defence sector and increased demand for Ultras existing programmes.

READ: Ultra Electronics surges as interim profits jump amid US defence spending splurge

In the six months to June 30, the group's underlying pre-tax profRead More – Source