UK defence contractor Ultra Electronics to pay £15 million after bribery probe
Fast facts
- Category: Business
- Language: EN
- Published: 2026-05-01 13:27 UTC
- Sources: The Guardian Business
Ultra Electronics has accepted responsibility for failing to prevent bribery in connection with contracts pursued in Algeria and Oman and will pay a £15 million penalty. The settlement follows a Serious Fraud Office investigation that uncovered the use of agents to facilitate corrupt payments. The Guardian Business notes the company’s admission and the fine as part of the SFO’s broader anti‑corruption effort.