Ultra shareholders will get 35 pounds per share, up from 28 pounds per share that U.K.-based aerospace and defense contractor Cobham initially offered for the former.
Ultra offers sensors, torpedo, radar systems, forensics software and defense communications systems and its acquisition is expected to help Cobham expand into the maritime defense market.
Cobham said it will protect and support U.K.’s national security, keep existing jobs, create engineering and manufacturing positions, offer apprenticeships, increase investment and maintain a headquarters in the country.
“Cobham recognises the specific importance of Ultra’s contribution to the UK’s economy and national security,” both parties said in a joint statement.
The Department of State has awarded spots on a multiple-award indefinite-delivery/indefinite-quantity contract with a combined potential value of $10 billion…
Brian Hobbs has been appointed CEO of Clarity Innovations, effective March 2, the company announced Tuesday. He succeeds founder and long-serving CEO Wes…
The Federal Aviation Administration has awarded a potential five-year, $437.4 million contract to ASRC Federal Advanced Research to provide second-level…
