Article 22

Ultra announces that its EMS Development Corporation business (EMS), located in Long Island, New York, USA has been awarded a multi-year contract totalling over US$21m from General Dynamics Electric Boat Corporation.

The contract is for the production of naval computer controlled power supply systems (Circuit-D) with deliveries over the next five years. The Circuit-D system was first designed by EMS in 1997 for the new Virginia Class Submarine programme and is considered a critical electronic system for the platform.

Rakesh Sharma, Chief Executive of Ultra, commented: “I am pleased that we have secured this important contract which recognises Ultra’s specialist power management systems and supports a key US Navy submarine programme. The priority the programme receives is a reflection of the importance of the “pivot to the Pacific” spoken about by the US Navy.”

Press Release, June 23, 2014; Image: Wikimedia