Sonobuoy Tech Systems Awarded $19.2M in Foreign Sales Contracts
Sparton Corporation (NYSE: SPA) and Ultra Electronics USSI , a subsidiary of Ultra Electronics Holdings plc (ULE) announce the award of subcontracts valued at $19.2 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 $8.6 million to Ultra Electronics USSI and $10.6 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 were awarded these contracts for Passive and Active sonobuoys that are used for detection, classification, and localization of adversary submarines during peacetime and combat operations.
Global Submarine Power Cable Market 2016-2020
Source : Sparton Corporation - view original press release
Nov 29 - 30, 2016 - Singapore, Singapore