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Sparton, Ultra Electronics Holdings JV to Produce Sonobuoys for US Navy; Rakesh Sharma Comments

ERAPSCO, a joint venture of Sparton Corp. (NYSE: SPA) and Ultra Electronics Holdings, has received a pair of subcontracts worth up to $30.3 million over five years to supply sonobuoys to the U.S. Navy.

Sparton said Thursday ERAPSCO will provide production subcontracts worth $18.5 million and $11.8 million to Ultra Electronics USSI and Sparton De Leon Springs, respectively.

Work will occur at Ultra Electronics USSI’s Columbia City, Indiana-based facility and Sparton’s De Leon Springs, Florida-based site through November 2018.

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