Defence contractor Ultra Electronics on Thursday said it had "significant exposure" to a strengthening US defence budget, adding that it expected modest progress in underlying revenue and operating profit for 2018. Full year revenue was expected to be more than £770m and underlying operating profit just over £120m, Ultra said. It added that it had started the new year with an order cover on expected revenue of about 62%, higher than 56% last year. Cash conversion is expected above 90% and ...Den vollständigen Artikel lesen ...