The Guardian | UK defence firm Ultra Electronics to pay £15m after SFO bribery investigation by Juliette Garside AI generated summary, Read the full article for complete information. The UK Serious Fraud Office (SFO) secured a £15 million settlement with defence firm Ultra Electronics after the company admitted failing to prevent bribery in three public‑sector contracts in Algeria and Oman, paying a £10 million penalty plus £4.8 million in investigation costs; Ultra, now owned by Advent International and previously listed on the London Stock Exchange before its acquisition by Cobham, will reform its anti‑bribery practices and submit annual compliance reports for three years, a deal seen as a crucial win for the SFO amid recent case collapses involving firms such as Serco, G4S and London Mining and a broader effort to curb corporate bribery in the defence sector. Read more: https://www.theguardian.com/law/2026/may/01/uk-defence-firm-ultra-electronics-bribery-settlement-sfo #UltraElectronics #AdventInternational #HighCourt #HouariBoumediene