Ultra Maritime Announces Full Re-Evaluation of Supply Chain

Braintree, US: Ultra Maritime is today launching a full re-evaluation of its current supply base. This initiative will drive efforts towards a supply approach with a strong focus on providing best value solutions to our customers, while prioritizing speed to market of high-quality products.

Recent market developments, including passage of the U.S. National Defense Authorization Act which committed to an 8% year over year spend increase and a strong focus on maritime defense, particularly undersea warfare, positions us well to continue serving our customer needs. Just recently, we were selected as a qualified vendor on the $5.1B next generation sonobuoys Multiple Award Delivery Order Contract (MADOC). Additionally, awards across our sonar, radar, and ocean systems platforms reflect the U.S. Navy’s continued trust in our ability to continue to develop, produce, and deliver world-class products that are used every day to find, fix and finish the threat faced by our warfighters. These awards highlight the need to optimize our supply base to meet this market demand.

This initiative will be led by Robert Van Dyke, Senior Vice President of Operations and Katie Ducharme, Vice President of Supply Chain.

“We are excited to build on our relationships with best-in-class suppliers who will help us continue to bring the best technologies at the best value to our customers.  2023 will be an exciting year of change as we reposition our supply chain for long-term growth and success in new programs and identify the strategic supply partners who will support that journey,” commented Ducharme.