Cobham Ultra Acquisitions: Ultra Electronics

(asked on 7th July 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the proposed undertakings offered by Cobham Ultra Acquisitions Limited in relation to its acquisition of Ultra Electronics Holdings plc, whether the non-executive Director appointed on the boards of the two SecureCos will be from UK Government Investments.


Answered by
Jane Hunt Portrait
Jane Hunt
This question was answered on 14th July 2022

The agreed undertakings are available on GOV.UK. As set out in the undertakings, the boards of the SecureCos will be comprised solely of British nationals with the appropriate security clearance and the non-executive Director appointed to the boards of each SecureCo will be appointed by the Government. The size of the boards is a matter for Ultra.

Reticulating Splines