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.
Key data points: The growth forecast = 7.2% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in aerospace fastener market to 2031 by aircraft type (commercial, business & general aviation, and military), product (bolts, nuts, screws, rivets, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pages
