Ultrasystems Wins Defense Work Totaling $15 Million

Ultrasystems Defense and Space Inc., a wholly owned subsidiary of Irvine-based Ultrasystems Inc., said it has received 10 new contracts and 29 extensions on existing contracts from the U.S. Department of Defense--a package worth a total of $15.1 million.

The new contracts, totaling $6.3 million, include the design and development of software and hardware and systems engineering, said John Dean, chief executive and chairman of Ultrasystems Defense and Space. The largest pact is valued at $2.4 million.

Ultrasystems competed against three other companies for four of the new contracts, Dean said.

Completion dates for the contracts vary, but most should be finished by the end of September, Dean said. At the end of January, Ultrasystems had about 100 Department of Defense contracts totaling $35 million in backlog, said Bruce Nye, vice president and chief financial officer.

Ultrasystems Defense and Space Inc. specializes in defense-related software development and systems engineering. Ultrasystems Inc. is a 16-year-old high technology company and power plant builder.