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.
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Source : Sparton Corporation - view original press release
Jan 30 - 31, 2017 - Rome, Italy