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Friday, Oct 28, 2016

Sparton and Ultra Electronics USSI JV Awarded $17.5M in Foreign Sales Contracts

Ultra Electronics USSI , a subsidiary of Ultra Electronics Holdings plc (ULE) and Sparton Corporation (NYSE:SPA) announce the award of subcontracts valued at $17.5 million from their ERAPSCO/SonobuoyTech Systems joint venture. Multiple foreign contracts represent the manufacture of Passive and Active Sonobuoys in support of multiple underwater missions. ERAPSCO/SonobuoyTech Systems will provide manufacturing subcontracts in the amount of $11.5 million to Ultra Electronics USSI and $6.0 million to Sparton De Leon Springs LLC. Production will take place at Ultra Electronics USSI’s Columbia City, IN facility and Sparton’s De Leon Springs, FL facility.

ERAPSCO/SonobuoyTech Systems was awarded these contracts for Passive and Active sonobuoys that are used for detection, classification, and localization of adversary submarines during peacetime and combat operations.

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Source : Sparton Corporation - view original press release

Published on ASDNews: Apr 13, 2016


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