Sparton Corp., Ultra Electronics awarded $28.4 million for U.S. Navy contract
Sparton Corp. and Ultra Electronics Holdings announced the award of subcontracts valued at $28.4 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy.
The award involves a contract release for sonobuoy requirements under ERAPSCO's five year contract. ERAPSCO will provide production subcontracts in the amount of $17.2 million and $11.2 million to Ultra Electronics UISSI and Sparton De Leon Springs LLC respectively. Production will take place at Ultra Electronics UISSI 's Columbia City, Indiana facility and Sparton's De Leon Springs, Florida facility and is expected to be completed by December 2019. Sparton is headquartered in Schaumburg.
"Undersea warfare is a vital part of the defense of our nation and our allies throughout the world," said Joe Hartnett, interim president and CEO of Sparton Corporation. "We are honored that the Navy continues to rely on us to manufacture a product so fundamental to that task."
"I am pleased that we have secured this important contract that will continue to provide critical sensor capabilities to the U.S. Navy. This contract is a reflection of the increased focus on anti-submarine warfare and the U.S. Navy's commitment to providing key technology for this important mission," stated Douglas Caster, executive chairman of Ultra Electronics.