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Sparton Corporation (SPA) Venture Awarded $17.9 Million U.S. Navy Contract


2/8/2013 9:23:29 AM

February 08, 2013 -- Sparton Corporation (NYSE: SPA) and Ultra Electronics - USSI, a subsidiary of Ultra Electronics Holdings plc (ULE) announce the award of subcontracts valued at $17.9 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy. ERAPSCO will provide production subcontracts in the amount of $10.1 million and $7.8 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 March 2015.

ERAPSCO was awarded this contract for the AN/SSQ-125 MAC Source Sonobuoy, an A-size, expendable, multistatic active coherent (MAC) sonobuoy . The Q125 sonobuoy features digital signal processing with digital compass capability for bearing determination, target localization and tracking by U.S. Navy airborne personnel.

The Q125 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 113th 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, IL., Sparton currently has six manufacturing locations worldwide. The Company's Web site may be accessed at http://www.sparton.com.

Further information about Ultra:

Ultra Electronics is an internationally successful defence, 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 defence, aerospace and civil platforms and programmes and provides resilience to the Group’s financial performance.


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