Sparton Corporation Announces Sonobuoy Contract Awards from the United States Navy(JACKSON, Mich., Feb. 7, 2006) -- Electronics design and manufacturing service (EMS) provider, Sparton Corporation (NYSE:SPA) is being awarded three contracts for the manufacture of sonobuoys for the United States Navy. The three contracts, in total, are valued at over $24 Million.
Sparton is being awarded $20.0 Million for production of the Company's AN/SSQ-53F sonobuoy; over $2.5 Million for the AN/SSQ-77C; and over $1.5 Million for the AN/SSQ-62E. The production of these three sonobuoy contracts will be accomplished in Sparton's DeLeon Springs, Florida facility and are expected to be completed by June 2007.
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Headquartered in Michigan, Sparton is the only remaining U.S.-owned designer and manufacturer of sonobuoys for the U.S. Navy. Sonobuoys are dropped from various airborne platforms and utilized for search and detection of submerged submarines.
Sparton Corporation (NYSE:SPA) now in its 106th year, provides high mix, low to medium volume electronics design and manufacturing services utilizing seven manufacturing locations encompassing over 800,000-sq. ft. 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 and post-manufacturing 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" 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.
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Source : Sparton Corporation