(JACKSON, Mich., Nov. 14, 2005) -- Electronics Manufacturing Service (EMS) provider, Sparton Corporation (NYSE:SPA) announced it has been awarded a contract to produce assemblies for Raytheon-Network Centric Systems.
Sparton Corporation will produce the circuit card assemblies for the F15 AN/APX-114 Long Range Airborne IFF Interrogator System program. The initial award is valued at $2,000,000, with additional awards anticipated to be made over a three-year period. Sparton expects to commence production of the assemblies in February 2006 its Brooksville, Florida facility.
Raytheon's AN/APX-114 IFF Interrogator is said to provide the World's Most Advanced Solution for Airborne Applications. The AN/APX-114 Interrogator represents a technically advanced, compact, lightweight interrogator available for airborne, high-power applications. Designed as a replacement for the existing APX-76 Airborne Interrogator, the APX-114 has been selected by the U.S. Air Force as part of an aircraft modernization plan and by the U.K. Royal Air Force for their F-3 Tornado aircraft fleet. The Interrogator reflects significant improvements in target processing and mechanical packaging that support airborne fighter and surveillance missions well into the 21st century.
Raytheon Company (NYSE:RTN), with 2004 sales of $20.2 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 80,000 people worldwide.
About Sparton Corporation
Sparton Corporation (NYSE:SPA) now in its 105th year, provides design engineering and electronics contract manufacturing services utilizing seven manufacturing locations encompassing nearly 837,000 sq. ft. Sparton has also opened a manufacturing plant in Vietnam which began operations in March 2005. In addition to strong core surface mount technology (SMT) and plated through-hole (PTH), printed circuit board assembly (PCBA) and complete assembly manufacturing capabilities, Sparton offers a complete range of pre-manufacturing, post-manufacturing and engineering services. Pre-manufacturing services include product development, concurrent engineering, design for test (DFT), design for manufacturing (DFM), design for assembly (DFA), printed circuit board design and quick-turn prototyping. Post-manufacturing services range from repair depot, direct ship, distribution management to field support.
Safe Harbor and Fair Disclosure Statement
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: To the extent any statements made in this release contain information that is not historical, these statements are essentially forward-looking and are subject to risks and uncertainties, including the difficulty of predicting future results, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC). The matters discussed in this press release may also involve risks and uncertainties concerning Sparton's services described in Sparton's filings with the SEC. In particular, see the risk factors described in the Company's most recent Form 10-K and Form 10-Q. Sparton assumes no obligation to update the forward-looking information contained in this press release.
Rhonda Aldrich, 517/787-8600