Ultra Electronics agrees £10m penalty in SFO deferred prosecution agreement

The SFO opened an investigation in 2018 into suspected corruption linked to Ultra Electronics’ business in Algeria, following the company’s self-report. The investigation was later expanded to suspected corruption in Oman and potential related offending worldwide within UK jurisdiction.

Under a deferred prosecution agreement approved on 1 May 2026, Ultra accepted that it lacked adequate procedures to identify and mitigate bribery and corruption risks. It agreed to pay a £10 million penalty and £4.8 million in investigation costs; the source does not identify individual charges, pleas or convictions.