Ultra Electronics wins £9m contract at Heathrow airport
Ultra Electronics has won a £9m baggage management software contract with the Airline Operators Committee at Heathrow Airport.
Aerospace and Defence
11,000.48
09:09 28/03/24
FTSE 250
19,796.63
09:10 28/03/24
FTSE 350
4,383.43
09:10 28/03/24
FTSE All-Share
4,337.89
09:10 28/03/24
Ultra Electronics Holdings
3,500.00p
17:09 29/07/22
The contract, which was won by the group’s Airport Systems business, is for its baggage reconciliation, segregation, reflighting, tracking and reporting software to be delivered as a managed service solution over five years.
Ultra said this marks the fourth successive time since 2003 that the airline community at Heathrow has selected its business to deliver what is “the world's largest and most complex baggage management system, critical for efficient flight operations at one of the world's busiest airports”.
Chief executive officer Rakesh Sharma said: "This contract highlights Ultra as a world-leading supplier of airport operational management solutions. I am delighted that as this contract runs to 2023, it will mark 20 years of continuous support to the airlines at Heathrow from Ultra's baggage management software and managed service capability."