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Ultra wins new contract

Ultra Electronics has been awarded a contract by CTA International.

January 20 2010, 4:55 AM
The contract is relating to electronic controls for the next-generation cannon for the upgraded Warrior and the new FRES SV armored vehicles.

The initial contract is valued at £1.5m with the value rising to £14m if all production options are taken up. CTAI, based in Bourges, France, is a joint venture between BAE Systems, UK and Nexter, France.

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