Ultra Electronics USSI and Sparton Corporation Joint Venture for Sonobuoy Tech Systems Awarded $35.9M in Foreign Sales Contracts
Ultra Electronics USSI, a subsidiary of Ultra Electronics Holdings plc (ULE) and Sparton Corporation (NYSE: SPA), announce the award of subcontracts valued at $35.8M million from their ERAPSCO/SonobuoyTech Systems joint venture. ERAPSCO/SonobuoyTech Systems will provide manufacturing subcontracts in the amount of $21.3M million to Ultra Electronics USSI and $14.6M million to Sparton DeLeon Springs, LLC. Production will take place at Ultra Electronics USSI’s Columbia City, IN facility and Sparton’s DeLeon Springs, FL facility.
ERAPSCO/SonobuoyTech Systems were awarded multiple foreign contracts for the manufacture of Passive and Active sonobuoys in support of multiple underwater missions for detection, classification, and localization of adversary submarines during peacetime and combat operations.
Contact Information:
Ultra Electronics:
Patrick Allison
Vice President of Marketing and Sales
(260) 248-5628
Patrick.allison@ultra-ussi.com
www.ultra-electronics.com
Sparton Investors:
Institutional Marketing Services (IMS)
John Nesbett/Jennifer Belodeau,
(203) 972-9200
jnesbett@institutionalms.com
or
Sparton Corporation:
Joseph McCormack,
(847) 762-5812
jmccormack@sparton.com