Ultra Electronics USSI, a subsidiary of Ultra Electronics Holdings plc (ULE), and Sparton Corporation (NYSE: SPA) said they have announced the award of subcontracts valued at USD16.1 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 USD6.9 million to Ultra Electronics USSI and USD9.2 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.
Ultra Electronics is a group of businesses which manage a portfolio of specialist capabilities, generating highly differentiated solutions and products in the defence & 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.
Across the Group´s three divisions, Ultra operates in the following eight market segments: Aerospace, Communications, C2ISR, Infrastructure, Land, Maritime, Nuclear, and Underwater Warfare.
Sparton Corporation, now in its 115th 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.