Mar 12th 2013 - Edison Investment Research today published a report on Ultra Electronics Holdings (ULE.L, LSE:ULE, LON:ULE) entitled "Solid Position To Face Sequestration". In summary, the report says:
Ultra Electronics’ results highlighted that despite the current challenging defence environment, the group has a robust position from which to identify and pursue growth. However, with sequestration now a reality, the question is how budget cuts can be implemented and the potential impact that may have on such growth prospects. Importantly, Ultra has several strands of business that will remain largely unaffected by sequestration and we believe the US government will eventually find a solution to allow more targeted cuts to occur, providing protection for strategic priorities. In that case, we believe Ultra’s positioning in areas of preferential spend and its agile business model will allow it to mitigate macro level challenges.
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