Ultra Electronics Defense, Inc. to sell Herley Industries LLC and Herley - CTI LLC to CAES Systems Holdings LLC

03 March 2023

LONDON – March 3, 2023 – Cobham Ultra SeniorCo S.à r.l, Cobham Ultra SunCo S.à r.l. and Cobham Ultra PIKCo S.à r.l. (together with their subsidiaries, the “Group”) are pleased to announce that Ultra Electronics Defense, Inc. has signed a definitive agreement with CAES Systems Holdings LLC, a leading provider of mission-critical advanced radio frequency technology, to sell Herley Industries LLC and Herley - CTI LLC (the “Transaction”). The Transaction is expected to close on March 3, 2023. In accordance with the Group’s principal financing agreements, a fairness opinion has been commissioned and delivered to the agent and trustees under the principal financing agreements in relation to the Transaction.

Forward-Looking Statements

This document includes “forward-looking” statements within the meaning of applicable securities laws. Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that are beyond our control. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this document may not occur or could differ materially from those anticipated or implied in the forward-looking statements. You should not place undue reliance on forward-looking statements and the Group does not undertake any obligation to publicly update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.

For further information, please contact:

[email protected]

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