Major supplier to Royal Navy set for £2.6BN takeover by US-owned firm

Ultra Electronics Group, a British company serving the defence, security, critical detection and control markets, will be bought by Cobham, owned by the US investment firm Advent. The US-owned firm said the combined company would play a “mission-critical” role in defence and security for the “five eyes” network of intelligence allies – the UK, US, Australia, Canada and New Zealand.

Ultra undertakes highly sensitive work providing advanced submarine-hunting sonar, and supplying military programmes including Typhoon fighter jets.

The UK-listed group employs more than 4,600 people across the globe, including about 1,700 in the UK.

Cobham also revealed however Ultra’s energy and forensics divisions – possibly seen as not being part of its core aerospace and defence focused work – could be sold.

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First steel cut for HMS Belfast

The first steel has been cut for HMS Belfast, the third ship in the Royal Navy fleet of next generation Type 26 anti-submarine frigates.

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Babcock reveals export opportunities for Type 31 frigate

Babcock International Group the UK shipbuilder leading the construction of the new Type 31 frigate for the Royal Navy says it is pursuing five live campaigns to secure exports for the general-purpose warship.

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