Ultra Electronics Maritime Systems Awarded Maintenance Contract for Canadian Submarine Sonars

Ultra Electronics Maritime Systems Inc (UEMS) (LSE:ULE) is pleased to announce that it has been awarded a contract to provide services for the ongoing maintenance of the Royal Canadian Navy's submarine towed array sonars. The towed array sonars are the principal long range underwater sensor for the submarines. Under the contract, UEMS will be responsible for repairing and refurbishing the towed arrays as well as updating obsolete components and technology. The contract has a total value of $6.96M (CAD).

Dan Simard, UEMS's Director Business Development, stated "We welcome this opportunity to continue our work for the Royal Canadian Navy and to contribute to the operational effectiveness of Canada's submarines."

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Source: Ultra Electronics Maritime Systems Inc
Date: Feb 21, 2013