Upload
others
View
1
Download
0
Embed Size (px)
Citation preview
making a difference
An Introduction to Ultra Electronics
WELCOME TO ULTRA
visit: ultra-electronics.com1 2
Ultra Electronics is a world leading Defence & Aerospace, Security & Cyber,Transport and Energy company. It was formed in October 1993 with annualrevenue around £84 million (US$139m). The Group has since grown, bothorganically and by acquisition, with revenue in 2017 of £775.4 million andnow has over 4,400 employees based mainly in the UK, USA, Canada andAustralia. Ultra listed on the London Stock Exchange in October 1996 and is in the FTSE 250.
Why UltraWe love solving tough problems,beating our competitors and makinga difference to our customers,employees and shareholders.
What is UltraWe offer superior solutions inregulated markets. Ultra Electronics isa group of businesses which managesa wide range of specialist capabilities,generating highly-differentiatedsolutions and products in theDefence & Aerospace, Security &Cyber, Transport and Energymarkets. We apply electronic andsoftware technologies in demandingenvironments and critical applicationsto meet customer needs.
Customer focusUltra places great importance onbuilding long-term relationships withcustomers, suppliers and strategicteaming partners. Listening to ourcustomers and understanding ourmarketplace ensures that resourcesare directed towards the developmentof new products and services thatmeet real customer needs.
How we are organisedUltra’s structure reflects a belief inhighly focused autonomous businesseswhere each management team takesfull responsibility and ownership forthe strategic development andperformance of their business.Budgets, a detailed five-year strategicplan and an Organisation, Successionand Development Plan (OSDP) areagreed annually with the Group headoffice and business performance isreviewed monthly.
Business performanceUltra’s progress is demonstrated byconsistent profitability since itsformation. The results below havebeen achieved through a proactiveapproach to marketing, investment ininnovative product designs and thedrive for continuous improvement in allareas – not to mention plenty of hardwork! We can point to an impressiverecord of investing in the future ofthe business; in 2016 Ultra invested£146.9m (US$194m) in R&D,acquisitions, new businessdevelopment and facilities.
A note from SimonUltra has established an excellenttrack record of winning andexecuting business worldwide, in arange of competitive internationalenvironments. Collaborative effortsacross the Group make this successpossible, putting customers’ needsfirst and providing efficient andinnovative solutions. I believe thatUltra has a promising future ahead,which encourages and enables
individual talents to flourish withineach of our businesses. Whether you are reading this as a potentialemployee, as a supplier or as acustomer, I am delighted to introduceyou to the Group and hope that youhave a successful and rewardingassociation with us.
Simon Pryce Chief Executive Officer
Ultra Electronics Group structure
1995• Noise & Vibration Systems (part of PCS)• Maritime Systems
1996• Measurement Systems Inc. (part of EMS)
1997• Flightline Systems• EMS Development Corporation
1998• PMES• USSI
1999• Advanced Tactical Systems
2000• Datel (part of PCS)• Airport Systems
2002• Tactical Communication Systems (TCS)
2003• SML Technologies (part of CIS)• Radamec Defence Systems (part of Commandand Sonar Systems)
• Ocean Systems
2004• DNE Technologies (part of EMS) • Videcom Limited (part of Airport Systems)
2005• Horizon Aerospace (part of Flightline Systems)• Audiopack (part of USSI)• IO Limited (part of PCS)
2006• Polyflex (part of PCS)• Winfrith Safety Systems (part of Nuclear Control Systems)
2007• Criticom (part of 3eTI)• Telemus (part of TCS)• Atkins & Partners (part of CIS)• BCF Designs Limited (part of PCS)
2008• Harris Acoustic Products (part of Ocean Systems)• MISL (part of Maritime Systems)• ProLogic (part of ATS)• Dascam• Graytronics (part of CIS)• Nuclear Sensors & Process Instrumentation • Radmon (part of Nuclear Control Systems)• AudioSoft (part of CIS)
2009• Tisys (part of Airport Systems)• Avalon Systems• Scytale (part of ATS)• Xerion Systems (part of Flightline Systems)
2010• Extec Integrated Systems (part of Nuclear Control Systems)
• Transmag Power Transformers (part of PMES)• AMI (part of USSI)
2011• 3eTI• AEP Networks (part of CIS)• SOTECH (part of ATS)• Zu Industries Inc. (part of ATS)
2012• GigaSat (part of CIS)• Barron McCann Technology and BeMac(part of CIS)
• RFI (part of EMS Development Corporation)
2013• Varisys (part of PCS)• Wood & Douglas (part of CIS)
2014• 3 Phoenix Inc. (part of Ocean Systems)• ICE Corporation Inc. (part of PCS)• Forensic Technology WAI Inc.• Lab Impex Systems (part of Nuclear Control Systems)
2015• Electronic Products Division of KratosDefense & Security Solutions (Herley)
• Furnace Parts LLC (part of Nuclear Sensors& Process Instrumentation)
Companies that have joined thegroup since its formation are:
Welcome to Ultra Electronics
Underlying operating profit
£120.1m (US$169.5m)
120.1 (169.5)
131.1 (185.0)
121.7 (171.7)
118.1 (166.6)
120.0 (169.3)
Revenue
£775.4m (US$999.0m)
775.4 (999.0)
785.8 (1,012.4)
745.2 (960.1)
713.7 (919.5)
726.3 (935.8)
2017
2015
2014
2013
2017
2016
2015
2014
2013
2016
Airport Systems
Nuclear Control Systems
Nuclear Sensors & Process Instrumentation
Precision Control Systems
3eTI
Advanced Tactical Systems
Communication & Integrated Systems
Forensic Technology
Herley
TCS
Command & Sonar Systems
EMS
Flightline Systems
Maritime Systems
Ocean Systems
PMES
USSI
Ultra Electronics Australia
Avalon Systems
Aerospace & Infrastructure Communications & Security Maritime & Land
CORVID Protect
CORVID PayGate
Welcome to Ultra Electronics
visit: ultra-electronics.com
• determining the future directionand vision for the business
• communicating our future toinspire others
• inspiring and energising thebusiness team, customers,suppliers and colleagues
• stimulating an innovativeculture to release creativity
• enabling change to providea greater and faster return to the business
• encouraging the whole business to be entrepreneurial
• seeking competitive advantage through thedifferentiation of offerings
• ensuring competitions skewed in Ultra’s favour, while behaving ethically
• seeking to enhance the offering by teaming eitherinternally or externally
• embracing innovation to injectrapid growth into the business
• being daring or bold
• thinking of the bigger picture or opportunity
• being prepared to take a leap forward
• considering risks and leaving nostone unturned to secure marketopportunities
• recognising threats and makingit difficult for competitors tosteal Ultra’s established position
• constantly worrying aboutsatisfying customers’ real needs
• considering every possible angle when strategising bids to enhance Ultra’s
competitive position
Leadership Entrepreneurship Audacity Paranoia
The right people The success which Ultra achieves ininnovating to meet our customers’needs is based on the broad range ofskills and capabilities of our employees.
Ultra understands and recognisesthat our employees are our mostimportant asset. We strive for anefficient organisation with engagedand skillful people.
Domain expertiseUltra’s deep understanding of thespecialist capability areas across theGroup, combined with knowledge ofthe users’ environment, are keyfactors in delivering innovativesolutions to meet customers’ needs.We are continuously developing ourdomain expertise to ensure that wehave the right people available whoare best able to support customers inunderstanding and creating solutionswhich fulfil their needs.
How Ultra managesits businessesUltra focuses on delivering agile and responsive support to customersthrough a high degree of operational autonomy.
As much authority and responsibilityas possible is devolved to theManaging Directors and Presidents of the individual businesses and theirmanagement teams. With thisautonomy, the Group ensures thatthe teams maintain the agility andsharp focus that are typical of owner-managed businesses, oncustomers’ requirements.
Developing peopleUltra is committed to developingpeople and securing the talentpipeline to ensure the continuedgrowth and success of the Group.Each business is responsible forcontinuously developing their teamand individuals, so that they grow with the business. Great focusis placed on ensuring that the rightpeople are in the right rolesthroughout the Group.
3 4
Ultra would not be able to deliver value to customers withoutthe innovative and entrepreneurial spirit of our employees.
Ultra’s people
We have identified four cultural behaviours which are highly valued and encouraged within the Group.These are leadership, entrepreneurship, audacity and paranoia. Together they are known as LEAP…
Ultra’s LEAP behaviours
Welcome to Ultra Electronics
visit: ultra-electronics.com5 6
The success we achieve in innovating to meet customer needs is based on the broad range of skills andcapabilities of the Group’s employees. We are committed to having an efficient organisation, with anengaged and competent group of people.
Working at Ultra
The Group actively works with universities and schools to encourage, develop andattract talented students into STEM* careers.
“”
Ultra businesses havedeveloped partnerships withprofessional institutions tosupport and encourageemployees in the pursuit of professional recognitionand development in their field of expertise.
“
”Training anddevelopmentAcross the Group we actively supportand invest in training anddevelopment, linked to businessneeds. Each business is responsible foridentifying the training needs of itsemployees and managing its owntraining budget. This typically takesplace through individual employeeperformance and developmentreviews, which are held at leastannually. To support this, we have ourLearning Academy, an online portal,available to all of the Group’sbusinesses, which enables thescheduling of training, hosts onlinecourses and retains the trainingrecords of all employees.
We also run tailored internal trainingand development courses coveringmanagement and leadership. Theseare supported by a variety offunctional workshops, including areassuch as programme management,marketing and systems engineering.
Securing the talent pipelineUltra has been committed todeveloping people ever since it was formed in 1993. With a number of different programmes, the Group attracts the bestindividuals and successfullyencourages students to developcareers in engineering or business.
The Group actively engages withschools, colleges and universities inthe local community to access leadingresearch and to form relationshipswith students well before graduation.The Group benefits from workingwith universities as it can collaborateon innovation and recruit studentswho can make a difference.
By developing and retaininghigh potential employees, theGroup is creating its nextgeneration of business leadersto take on the challenge ofcontinuing the growth andexpansion of Ultra.
“
”
Ultra is committed to ensuringthat its culture is not diluted asthe Group grows.
“”
*STEM: Science, Technology, Engineering and Mathematics
making a difference
Ultra Electronics Worldwide locations(Main business locations only shown)
North America3eTIRockville, Maryland, USA
Advanced Tactical SystemsAustin, Texas, USA
EMS Development CorporationYaphank, New York, USA
Flightline SystemsRochester, New York, USA
Forensic TechnologyCôte St-Luc, Quebec, Canada
HerleyWoburn, Massachusetts, USA
Maritime SystemsDartmouth, Nova Scotia, Canada
Nuclear Sensors & Process InstrumentationRound Rock, Texas, USA
Ocean SystemsBraintree, Massachusetts, USA
TCSMontreal, Quebec, Canada
USSIColumbia City, Indiana, USA
United KingdomHead Office Greenford, UK
Airport Systems Manchester, UK
Command & Sonar Systems High Wycombe, UK
Communication & Integrated Systems Greenford, UK
Corvid Paygate Stevenage, UK
Corvid Protect Cheltenham, UK
Nuclear Control Systems Wimborne, UK
PMES Rugeley, UK
Precision Control Systems Cheltenham, UK
Asia PacificAvalon SystemsAdelaide, Australia
Ultra’s products and services are used on aircraft,ships, submarines, armoured vehicles, surveillanceand communication systems, nuclear power systems,airports and transport systems around the world.Increasingly, Ultra undertakes specialist system andsub-system design and integration using the combinedexpertise of the Group’s businesses and by teamingwith world-class partners, often internationally.
Join our talent network at:ultra-electronics.com/careers
For further info, visit us at:ultra-electronics.com
Ultra ElectronicsBridport RoadGreenfordMiddlesex UB6 8UAEnglandTel: +44 (0) 20 8813 4321Fax:+44 (0) 20 8813 [email protected]
© Ultra Electronics Holdings plc 2018.Printed in England.09.2018 / HaT / AC /