Sparton, Ultra Electronics get USD53.7m for US Navy Sonobuoy contract

Ultra Electronics Holdings plc (ULE) and Sparton Corporation (NYSE: SPA) have received subcontracts valued at USD53.7 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy, the companies said.

The award is a GFY16 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 USD26.1 million and USD27.6 million to Ultra Electronics USSI and Sparton De Leon Springs, LLC respectively.

Production will take place at Ultra Electronics USSI´s Columbia City, IN facility and Sparton´s De Leon Springs, FL facility and is expected to be completed by September 2017.

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

Sparton, now in its 116th 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 and Aerospace and Industrial and Commercial. Headquartered in Schaumburg, Illinois, Sparton currently has thirteen manufacturing locations and engineering design centers worldwide.