Ultra Electronics Holdings plc (ULE) and Sparton Corporation (NYSE:SPA) announce the award of subcontracts valued at $39.6 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy. The award is a GFY18 ERAPSCO Indefinite Delivery Indefinite Quantity (IDIQ) contract release for sonobuoy requirements under ERAPSCO’s five year contract. ERAPSCO will provide production subcontracts in the amount of $19.4 million and $20.2 million to Ultra Electronics USSI and Sparton DeLeon Springs, LLC respectively. Production will take place at Ultra Electronics USSI’s Columbia City, IN facility and Sparton’s DeLeon Springs, FL facility and is expected to be completed by September 2020.
Simon Pryce, Chief Executive Officer of Ultra Electronics, commented: “This significant contract award underscores the increased focus on anti-submarine warfare and our ability, through ERAPSCO, to provide a range of key technologies and capabilities to support the U.S. Navy’s continued commitment to this important mission.”
"We are proud to contribute to the defense of our great nation and allies throughout the world," said Joe Hartnett, Interim President and Chief Executive Officer of Sparton Corporation. "We are committed to delivering high-quality products to support that mission."
Source: Sparton Corporation
Date: Oct 30, 2018