Sonobuoy Awarded $4.1M 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 $4.1 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 $2.1 million to Ultra Electronics USSI and $2.0 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 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
Date: Oct 25, 2016