TYSONS CORNER, VA, November 9, 2018 — Leidos (NYSE: LDOS) has entered into a partnership with Sparton to help build an acoustic device countermeasure system that will work to protect U.S. Navy submarines from enemy torpedoes, ExecutiveBiz reported Thursday. Sparton said Tuesday it will provide manufacturing services in support of Leidos’ contract …

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 …

The Committee on Foreign Investment in the U.S. has finalized its review of the proposed acquisition of Schaumburg, Illinois-based electromechanical technology company Sparton (NYSE: SPA) by U.K.-based defense and aerospace contractor Ultra Electronics. Ultra said Monday it signed a timing agreement with the Justice Department and that the deal is still subject to antitrust …

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 …

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 …

ERAPSCO, a joint venture of Sparton Corp. (NYSE: SPA) and Ultra Electronics, has received a five-year, $101.1 million contract to produce sonobuoy sonar systems for the U.S. Navy. Ultra Electronics USSI and Sparton De Leon Springs will manufacture the sonobuoys under production subcontracts from ERAPSCO worth $46.8 million and $54.3 million, …

Sparton (NYSE: SPA) and Ultra Electronics Holdings’ ERAPSCO joint venture has been awarded a five-year, $87 million contract to manufacture sonobuoys for the U.S. Navy. Rakesh Sharma, CEO of Ultra Electronics, said Monday the contract reflects the Navy’s “increased focus on anti-submarine warfare and ‘pivot to the Pacific.’” ERAPSCO will …

Design and manufacturing firm Sparton (NYSE: SPA) has acquired the Aubrey Group, an Irvine, Calif.-based provider of products for medical and biotechnological equipment manufacturers. The acquisition is expected to increase Sparton’s annual revenue by $8 million, Sparton said Tuesday. Cary Wood, president and CEO of Sparton, said Aubrey Group’s offerings will be …

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 …

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, …