Market Overview

Sparton Announces That Navy Has Taken Corrective Action Allowing ERAPSCO to Participate in Bid Process for GFY19-23 Q-125A Production Sonobuoy Solicitation


Sparton Corporation (NYSE:SPA), an industry leader in the design and
manufacture of highly-complex electronic and electromechanical devices,
today announced that the United States Navy (Navy) has taken corrective
action to reopen the competitive range regarding Solicitation No.
N00010-19-R-002 for the GFY19-23 AN/SSQ-125A (Q-125A) production
sonobuoy and include ERAPSCO in that competitive range. This allows
ERAPSCO to again participate in the bid process.

On July 9, 2018 Sparton Corporation announced the filing of a bid
protest by ERAPSCO with the United States Government Accountability
Office (GAO) and requested that the GAO restore ERAPSCO's ability to
participate in the bid process. As a result of the Navy's decision to
restore ERAPSCO's ability to participate in the bid process, on
September 4, 2018 the GAO dismissed the protest.

ERAPSCO is a joint venture between Sparton DeLeon Springs, LLC, a
wholly-owned subsidiary of Sparton Corporation, and Undersea Sensor
Systems, Inc., a wholly-owned subsidiary of Ultra Electronics Holdings

About 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

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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