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
Oct 17 - 19, 2016 - Washington, United States
Nov 29 - 30, 2016 - Shrivenham, United Kingdom