Ultra Electronics Ocean Systems Inc.

Ultra Electronics Ocean Systems Inc., a for-profit manufacturer of maritime defense systems headquartered in Braintree, Massachusetts, is a prime contractor delivering advanced undersea warfare countermeasures, sonar transducers, and naval electronics to the U.S. Navy on a full-and-open basis, with 96% of recent awards as prime contracts and no SBA set-aside posture.

Ultra's capability footprint centers on four concrete product families: acoustic countermeasure devices (the AN/SLQ-25E "NIXIE" torpedo countermeasure system and ADC MK2/MK3/MK4 countermeasure units), sonar and acoustic transducers (TR-317D, TR-343, TR-353A, and TR-364 models), specialized naval electronics and radio transmit buoys, and engineering and program management services for undersea warfare systems. Recent representative contracts include a $223.7 million definitive contract awarded December 2024 by Naval Sea Systems Command for AN/SPS-73 radar production units through 2029, a $38.0 million delivery order in April 2025 for TR-317D and TR-353A transducers with performance extending through May 2032, and a $35.5 million cost-plus-fixed-fee delivery order for engineering support under the BPS-17 program awarded April 2025 with completion July 2026. These contracts employ both firm fixed-price and cost-plus-fixed-fee structures depending on the maturity and scope of the work.

Customer concentration is extreme and reflects Ultra's strategic position as NAVSEA's leading supplier for undersea weapons and defensive systems. The Naval Sea Systems Command accounts for 148 awards and $4.08 billion in combined potential value (99% of all awards and 99% of dollars), effectively representing Ultra's entire prime contractor footprint. Naval Supply Systems Command (32 awards, $37.2 million) places smaller transactional buoy and component orders. Remaining Navy and Defense Department customers (Office of Naval Research, Defense Logistics Agency Aviation, Defense Contract Management Agency, and DLA Land and Maritime) collectively represent less than one percent of activity.

Ultra's IDV portfolio is anchored to five standing contracts with Naval Sea Systems Command. The largest by task-order volume is Indefinite Delivery Contract N0025321D0002, which has generated 32 task orders worth $114.9 million and appears to serve as a primary requirements vehicle for transducer and countermeasure production. Contracts N6660421DC100 ($88.6 million across 7 task orders), N6660412D0358 ($43.6 million across 12 task orders), and N6660406D0867 ($18.4 million across 9 task orders) carry additional ordering authority for specialized maritime systems. A recently awarded single-award engineering support IDIQ (N0016425R-0001) holds $38.79 million ceiling with completion through April 2030, and a single-award engineering and technical support contract executed January 2026 carries an $8.04 million ceiling. The company also holds a $49.1 million single-award ADC MK2 production contract (N6660422D0365) running through July 2027, a $78.5 million TR-343 sonar transducer contract (N6660424D0378) through March 2029, and a $245.9 million Undersea Weapons and Undersea Defensive Family of Systems multiple-award IDIQ through January 2029. All vehicle activity is unrestricted procurement with no small-business set-asides.

Activity has fluctuated materially across the past five years, declining from 21 prime awards in 2022 to 12 in 2023, recovering to 20 in 2024, and moderating to 17 in 2025 (with only 4 awards recorded through March 2026). Eighteen awards face ultimate completion inside the next twenty-four months and carry combined potential value of $652.8 million, creating material recompete exposure across countermeasure, transducer, and engineering support vehicles beginning immediately. The combined potential value across all 206 awards (prime and sub) totals $4.13 billion, with $1.36 billion obligated to date.

Ultra subcontracts in limited scope, primarily supporting torpedo and missile sensor work to General Dynamics Mission Systems and Lockheed Martin Sippican on MK48 and MK54 lightweight torpedo modifications and guidance-and-control section assembly. Recent sub awards (through November 2025) include design services for MK48 MOD 7 G&C sections to General Dynamics, re-machining of MK48 nose arrays to Lockheed Martin Sippican, and engineering services for MK48 variants. This sub footprint represents less than 4% of total award count and reflects Ultra's primary posture as a prime contractor rather than a supplier to larger integrators.

Ultra's product portfolio is heavily concentrated in electronic countermeasure and underwater sound equipment per PSC coding: 54 awards span electronic countermeasures and quick-reaction capability equipment, and 48 awards cover underwater sound systems. NAICS concentration runs similarly concentrated — 130 awards fall under search, detection, navigation, guidance, aeronautical, and nautical system and instrument manufacturing (NAICS 334511), with ancillary awards for radio and television broadcasting equipment (19 awards) and miscellaneous component manufacturing. The company's standing as the Navy's primary source for NIXIE torpedo countermeasure systems and sonar transducers under long-term IDIQs positions it as non-delegable for critical undersea warfare systems that have no single-source alternatives.