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Navy Inks Deal With Ultra Electronics USSI

April 2nd, 2014

News Coverage:

April 2, 2014

News Release

SCHAUMBURG, Ill. & COLUMBIA CITY, Ind. - Sparton Corporation (NYSE:SPA) and USSI, a subsidiary of Ultra Electronics Holdings plc (ULE) announce the award of subcontracts valued at $13.3 million from their ERAPSCO/Sonobuoy TechSystems joint venture. The contract is for the manufacture of Passive and Active Sonobuoys in support of multiple international awards for exercises planned with the U.S. Navy as well as independent training and exercises as sanctioned under export regulations. ERAPSCO/Sonobuoy TechSystems will provide manufacturing subcontracts in the amount of $5.6 million to Sparton Electronics Florida, Inc. and $7.7 million to USSI. Production will take place at Spartons De Leon Springs, FL facility and USSI's Columbia City, IN facility with completion planned by June 2014.

The Passive and Active Sonobuoys to be manufactured under this contract are used for detection, classification, and localization of adversary submarines during peacetime and combat operations.

ERAPSCO/Sonobuoy TechSystems is the choice of many international customers for assistance in protecting their borders with leading-edge products developed by the joint venture partners. ERAPSCO welcomes opportunities to play a role in the defense activities of foreign allies, and views the expansion of the number of contracts it's received from foreign nations as demonstration of its progress into markets outside the U.S.

About Sparton Corporation

Sparton Corporation (NYSE:SPA), now in its 114th year, is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, field service, and refurbishment. The primary markets served are Medical & Biotechnology, Military & Aerospace, and Industrial & Commercial. Headquartered in Schaumburg, IL, Sparton currently has seven manufacturing locations worldwide. Sparton's Web site may be accessed at http://www.sparton.com.

Source: Sparton Corporation 

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