Aircraft Demand Boosts Defence Group's Profits ; Technology

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Defence and aerospace group Ultra Electronics - which has operations at Rugeley and Cheltenham employing around 200 people - yesterday posted a seven per cent rise in mid-year underlying operating profit, with strong demand for airliners boosting its aircraft and vehicles systems business.

Operating profit before amortisation for the six months to June 30 increased seven per cent to pounds 27 million, on revenues of pounds 192.9 million, up from pounds 180.7 million for the same period in 2006.

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Aircraft Demand Boosts Defence Group's Profits ; Technology

Earnings per share, measured on the same basis, increased 11 per cent to 28.2 pence, and the group is paying an interim dividend of...

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