Ultra Electronics Stock Climbs 22% On Claim Of Confidence

British small-cap defense supplier Ultra Electronics saw its stock price climb almost 22% on Jan. 11 after it suggested that 2017 financial results will not be worse than levels the company warned about in November when its CEO departed suddenly. At the time that then-CEO Rakesh Sharma left, the...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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