Market Overview

Ultra Electronics USSI and Sparton Corporation Joint Venture (Sonobuoy TechSystems) Awarded $9.3M in Foreign Sales Contracts

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Ultra Electronics USSI, a subsidiary of Ultra Electronics
Holdings plc (ULE) and Sparton Corporation (NYSE:SPA), announce
the award of subcontracts valued at $9.3 million from their
ERAPSCO/Sonobuoy TechSystems joint venture. ERAPSCO/Sonobuoy TechSystems
will provide manufacturing subcontracts in the amount of $4.5 million to
Sparton DeLeon Springs, LLC and $4.8 million to Ultra Electronics USSI.
Production will take place at Ultra Electronics USSI's Columbia City, IN
facility and Sparton's DeLeon Springs, FL facility.

ERAPSCO/SonobuoyTech Systems was awarded multiple foreign contracts for
the manufacture of Passive and Active sonobuoys to support various
underwater missions for detection, classification, and localization of
adversary submarines during peacetime and combat operations.

- ENDS -

Further information Sparton Corporation:

Sparton Corporation (NYSE:SPA), 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 Web site
may be accessed at www.sparton.com.

About Ultra Electronics: 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 programme. 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

Safe Harbor and Fair Disclosure Statement

Safe Harbor statement under the Private Securities Litigation Reform Act
of 1995: To the extent any statements made in this release contain
information that is not historical, these statements are essentially
forward-looking and are subject to risks and uncertainties, including
the difficulty of predicting future results, the regulatory environment,
fluctuations in operating results and other risks detailed from time to
time in Sparton's filings with the Securities and Exchange Commission
(SEC). The matters discussed in this press release may also involve
risks and uncertainties concerning Sparton's services described in
Sparton's filings with the SEC. In particular, see the risk factors
described in Sparton's most recent Form 10K and Form 10Q. Sparton
assumes no obligation to update the forward-looking information
contained in this press release.

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