Ultra Electronics Holdings Ltd (previously PLC) accepts responsibility for failure to prevent bribery and will pay millions to the taxpayer as a penalty.

The Serious Fraud Office (SFO) has secured a £10 million payment from a British manufacturer of electronic systems for the international defence and aerospace market after it acknowledged accountability for failure to prevent bribery. A judge today approved a Deferred Prosecution Agreement (DPA) requiring Ultra Electronics Holdings Ltd to pay the penalty, plus £4.8 million in SFO investigation costs.

https://www.gov.uk/government/news/sfo-secures-10m-from-british-defence-supplier