Sparton Corporation and Ultra Electronics USSI Joint Venture (Sonobuoy TechSystems) Awarded $21.1M in Foreign Sales Contracts
SPARTON (SPA)
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Source: Business Wire
SCHAUMBURG, Ill. & COLUMBIA CITY, Ind.--(BUSINESS WIRE)-- Sparton Corporation (NYSE:SPA) and Ultra Electronics USSI, a subsidiary of Ultra Electronics Holdings plc (ULE), announce the award of subcontracts valued at $21.1 million from their ERAPSCO/Sonobuoy TechSystems joint venture. ERAPSCO/Sonobuoy TechSystems will provide manufacturing subcontracts in the amount of $9.5 million to Sparton DeLeon Springs, LLC and $11.6 million to Ultra Electronics USSI. Production will take place at Sparton’s DeLeon Springs, FL facility and Ultra Electronics USSI’s Columbia City, IN facility. ERAPSCO/SonobuoyTech Systems was awarded multiple foreign contracts for the manufacture of Passive and Active sonobuoys to support various underwater missions for detection, classification, and localization of adversary submarines during peacetime and combat operations. Further information Sparton Corporation: Spar
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