Ultra Electronics lifted by positive statement

The price of shares in FTSE 250 defence equipment supplier Ultra Electronics (LON:ULE) has risen by 2.95% to 2,022p (as of 10:45 GMT) after publishing an update for the nine months to 30th September. Management said that trading had continued to develop in line with expectations since their interim results.

The company’s core markets are continuing to grow and the firm said it’s order book is continuing to strengthen.