COLUMBIA CITY, Ind. & SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Sparton Corporation (SPA) and Ultra Electronics Holdings plc (ULE) announce the award of subcontracts valued at $64.6 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 $30.3 million and $34.3 million to Ultra Electronics (UEHPY) 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 April 2020.

Simon Pryce, Chief Executive Officer of Ultra Electronics, commented: “I am pleased that we have secured this significant contract to provide continuing critical sensor capabilities to the U.S. Navy. This contract 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”.

"Undersea warfare is a vital part of the defense of our nation and our allies throughout the world," said Joe Hartnett, Interim President and Chief Executive Officer of Sparton Corporation. "We are honored that the Navy continues to rely on us to manufacture a product so fundamental to that task."

Further information about Ultra

Ultra Electronics is a group of businesses which manage a portfolio of specialist capabilities, generating highly differentiated solutions and products in the defense & aerospace, security & cyber, transport and energy markets by applying electronic and software technologies in demanding and critical environments to meet customer needs

Ultra has world-leading positions in many of its specialist capabilities and, as an independent, non-threatening partner, is able to support all of the main prime contractors in its sectors. As a result of such positioning, Ultra’s systems, equipment or services are often mission or safety-critical to the successful operation of the platform to which they contribute. In turn, this mission-criticality secures Ultra’s positions for the long term which underpins the superior financial performance of the Group.

Ultra offers support to its customers through the design, delivery and support phases of a program. Ultra businesses have a high degree of operational autonomy where the local management teams are empowered to devise and implement competitive strategies that reflect their expertise in their specific niches. The Group has a small head office and executive team that provide to the individual businesses the same agile, responsive support that they provide to customers as well as formulating Ultra’s overarching, corporate strategy.

Across the Group’s three divisions, Ultra operates in the following eight market segments:

• Aerospace
• Communications
• C2ISR
• Infrastructure
• Land
• Maritime
• Nuclear
• Underwater Warfare

About Sparton Corporation

Sparton Corporation, now in its 119th year, is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, field service and refurbishment. The primary markets served are Medical & Biotechnology, Military & Aerospace and Industrial & Commercial. Headquartered in Schaumburg, Illinois, Sparton currently has thirteen manufacturing locations and engineering design centers worldwide. Sparton's website may be accessed at www.sparton.com.


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