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USSI Lands Navy Contract

June 11th, 2012

News Coverage:

Whitley County Manufacturer Lands Navy Contract

June 11, 2012

News Release

FORT WAYNE, Ind. and SCHAUMBURG, Ill. - Sparton Corporation (NYSE: SPA) and USSI, a subsidiary of Ultra Electronics Holdings plc (ULE) announce the award of subcontracts valued at $12.9 million to their ERAPSCO joint venture, for the manufacture of 17,000 Passive Sonobuoys for the United States Navy. ERAPSCO will provide production subcontracts in the amount of $4 million and $8.9 million to Sparton Electronics Florida, Inc. and USSI respectively. Production will take place at Sparton’s DeLeon Springs, FL facility as well as USSI’s Columbia City, IN facility and is expected to be completed by January 2014.

ERAPSCO was awarded this contract option for the AN/SSQ-53F sonobuoy, a passive acoustic sensor used for detection, classification, and localization of adversary submarines during peacetime and combat operations. The Q53F sonobuoy is used to support the United States Naval Antisubmarine Forces. The primary purpose of a sonobuoy is to detect acoustic emissions or reflections from potentially hostile submarines and transmit these signals to US Navy airborne antisubmarine warfare forces.

ERAPSCO is firmly committed to the development of innovative technology in supplying the U.S. Navy with quality products that help secure U.S. borders, and proud to continue in its role as a technology partner for the U.S. Navy.

About Sparton Corporation

Sparton Corporation (NYSE:SPA), now in its 112th year, is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, and field service to technology-driven companies in the medical device, defense & security systems, and electronic manufacturing services markets. Headquartered in Schaumburg, Ill., Sparton currently has four manufacturing locations worldwide. The Companys Web site may be accessed at http://www.sparton.com.

Further information about Ultra:

Ultra Electronics is an internationally successful defense, security, transport and energy company with a long, consistent track record of development and growth. Ultra businesses constantly innovate to create solutions to customer requirements that are different from and better than those of the Group’s competitors. The Group has over one hundred and eighty distinct market or technology niches within its twenty eight businesses. The diversity of niches enables Ultra to contribute to a large number of defense, aerospace and civil platforms and programmes and provides resilience to the Group’s financial performance.

Ultra has world-leading positions in many of its niches and, as an independent, non-threatening partner, is able to support all of the main prime contractors with specialist capabilities and solutions. As a result of such positioning, Ultra’s systems, equipment or services are often mission-critical to the successful operation of the platform to which they contribute. In turn, this mission-criticality secures Ultra’s positions for the long term which underpin the superior financial performance of the Group.

Ultra offers support to its customers through the design, delivery and support phases of a programme. Ultra businesses have a high degree of operational autonomy where the local management teams are empowered to devise and implement competitive strategies that reflect their expertise in their specific niches. The Group has a small head office and executive team that provide to the individual businesses the same agile, responsive support that they provide to customers as well as formulating Ultra’s overarching, corporate strategy.

Source: Ultra Electronics

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