Sparton Corporation and USSI Joint Venture Awarded $25.4M for U.S. Navy Sonobuoy Contract

Sparton Corporation SPA and USSI, a subsidiary of Ultra Electronics Holdings plc (ULE) announce the award of subcontracts valued at $25.4 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy. ERAPSCO will provide production subcontracts in the amount of $14.4 million and $11 million to Sparton Electronics Florida, Inc. and USSI respectively. Production will take place at Sparton's DeLeon Springs, FL. facility as well as USSI's Columbia City, IN. facility and is expected to be completed by June 2014. Sparton's subcontracted amount is not included in its sales backlog for the reporting period ending March 31, 2012.