UK SFO secures a £10M Deferred Prosecution Agreement from British defence supplier Ultra Electronics after it admitted failing to prevent bribery in overseas contracts in Algeria and Oman

The agreement relates to contracts pursued through agents in Oman and Algeria, including a £200 million Omani public sector contract, with the company also paying £4.8 million in investigation costs and committing to ongoing compliance reporting. The settlement follows a long-running investigation opened after a self-report by the company and requires Ultra Electronics to demonstrate sustained anti-bribery reforms under court supervision for the next three years…