Cobham Ultra SeniorCo has released an update for the first half of 2023, highlighting performance milestones and other key developments across the company’s five main divisions and subsidiaries, catering markets in the U.S., the U.K., Canada, Europe and Australia.
According to its half-year update report on its operations, the defense electronics solutions provider reported a 9 percent revenue increase from January through June, compared to the same period in 2022. Group earnings surged by 16 percent. The company attributed the upward trajectory to an underlying market backdrop and advancements in its top-line and margin initiatives.
The company’s main business operations, Ultra Maritime, which provides undersea warfare products, exceeded previous levels of product deliveries in the period under review.
Meanwhile, Ultra Intelligence & Communications reaped the benefits of enhanced program execution and operational cost discipline, giving the business a strong momentum in the quarters ahead, according to the company. The division equips defense customers with communication, command and control, and cybersecurity solutions.
Both Ultra Precision Control Systems and Ultra Energy logged strong order upticks in the period. The businesses design and deploy innovative safety solutions for specific requirements.
According to the company, Ultra Forensic Technology achieved notable contract wins in the first six months of the year. Among the segment’s products are its 3D imagery and automated ballistic identification technologies, which caught the White House’s attention for its initiative to cut down gun-related crimes in the United States.