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Search Results for: ERAPSCO

ERAPSCO to Produce Sonobuoys for Navy Under Potential $1B IDIQ

ERAPSCO, a joint venture of Sparton and Ultra Electronics, has been awarded a potential $1.04B contract to build and deliver sonobuoys to the U.S. Navy from fiscal 2019 through fiscal 2023. The indefinite-delivery/indefinite-quantity contract covers the production of 932,500 AN/SSQ-62F, AN/SSQ-53G, AN/SSQ-36B and AN/SSQ-101B sonobuoys, the Department of Defense said Thursday.

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Navy Taps Lockheed, ERAPSCO for Potential $221M Sonobuoy Supply IDIQ

ERAPSCO and Lockheed Martin (NYSE: LMT) have been awarded spots on a potential $220.8M contract to supply the U.S. Navy with sonobuoys. The service intends to buy up to 18K AN/SSQ-125A units through the issuance of delivery orders under the indefinite-delivery/indefinite-quantity contract, the Department of Defense said Thursday. ERAPSCO, a joint …

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ERAPSCO Awarded $220M Navy Sonobuoy Contract Modification

ERAPSCO has received a three-year, $219.8 million contract modification to manufacture 166,500 signal underwater sound sonobuoys for U.S. Navy anti-submarine warfare missions. The Defense Department said Tuesday the company will supply AN/SSQ 36, AN/SSQ-53, AN/SSQ-62, AN/SSQ-101, AN/SSQ-125 and MK-84 sonobuoy units to the service branch. Contract work will occur in Florida and Indiana …

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ERAPSCO Secures $65M Navy Sonobuoy Production Funds

ERAPSCO, a joint venture between Ultra Electronics and Sparton (NYSE: SPA), has been awarded $64.6 million in contract funds to continue manufacturing sonobuoys for the U.S. Navy. The Ultra Electronics USSI and Sparton De Leon Springs businesses will respectively receive $29.3 million and $35.3 million subcontracts as part of the GFY17 ERAPSCO indefinite-delivery, indefinite-quantity contract, …

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Navy Exercises $204M Option on ERAPSCO Sonobuoy Procurement Contract

ERAPSCO, a joint venture of Sparton Corp. (NYSE: SPA) and Ultra Electronics, has received a $203.7 million contract modification to produce additional sonobuoys for the U.S. Navy. The modification exercises an option on a previously awarded indefinite-delivery/indefinite-quantity contract and covers the procurement of up to 6, 000 AN/SSQ-36, 95, 000 AN/SSQ-53, 15, 500 …

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Cary Wood: ERAPSCO Awarded $166M Navy Sonobuoys Contract

ERAPSCO will develop sonobuoys for the U.S. Navy under a $166 million contract that Sparton President and CEO Cary B. Wood said is part of the company’s mission to provide products that fulfill defense clients’ requirements. ERAPSCO, a joint venture between Sparton and Ultra Electronics Holdings, was awarded the indefinite-delivery/indefinite-quantity contract to manufacture the …

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Ultra Electronics, Sparton Call Off Merger

Schaumburg, Illinois-based military electronics manufacturer Sparton (NYSE: SPA) and U.K.-based defense contractor Ultra Electronics have decided to abandon their $234 million merger agreement because of antitrust concerns from the Justice Department. Sparton said Monday it plans to resume negotiations with parties that previously showed interest in an acquisition deal and can immediately execute …

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Executive Mosaic’s Weekly GovCon Round-up: GovCon’s Shifting Landscape

Weekly Roundup October 9 – October 13 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Top Five Systems Integration CEOs and Companies This past week the GovCon community experienced a number of high-profile occurrences, such as a significant merger and executive moves, that …

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Ultra Electronics Agrees to Purchase Sparton

U.K.-based defense and aerospace equipment manufacturer Ultra Electronics has agreed to acquire Schaumburg, Illinois-based electromechanical technology provider Sparton  (NYSE: SPA). Sparton said Friday the transaction is valued at $23.50 per share and that it expects to complete the sale by Jan. 1, 2018. Joseph Hartnett, interim president and CEO of Sparton, said the deal …

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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 …

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