New contract for Sparton and USSI JV

Sparton Corporation and USSI, a subsidiary of Ultra Electronics Holdings has been awarded subcontracts valued at USD 13.3 million from their ERAPSCO/Sonobuoy TechSystems joint venture. The contract is for the manufacture of Passive and Active Sonobuoys in support of multiple international awards for exercises planned with the U.S. Navy as well as independent training and exercises as sanctioned under export regulations. ERAPSCO/Sonobuoy TechSystems will provide manufacturing subcontracts in the amount of USD 5.6 million to Sparton Electronics Florida, Inc. and USD 7.7 million to USSI. Production will take place at Sparton’s De Leon Springs, FL facility and USSI’s Columbia City, IN facility with completion planned by June 2014. The Passive and Active Sonobuoys to be manufactured under this contract are used for detection, classification, and localization of adversary submarines during peacetime and combat operations.