UK monitoring sale of military supplier Ultra to firm backed by US equity

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Kwasi Kwarteng instructed Whitehall officials to keep close tabs on the takeover bid by Cobham

Ultra, which employs about 1,700 UK workers, makes sonobuoys – floating sonar detection devices dropped from submarine-hunting planes – and other classified sonar equipment for the Royal Navy, as well as civilian aircraft systems.

 

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Monitor it? Bloody block it. Once it goes it goes. British biz is so short termist. Always chasing a quick profit grab.

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