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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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Foreign Investment Committee Completes Ultra Electronics-Sparton Transaction Review

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 …

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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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VIDEO: DoD Lab Day 2017: US NRL’s Logan on Low-Cost, Ultra-Wideband Phased Array Antennas

Jack Logan, PhD, electrical engineer at the US Naval Research Laboratory, discusses low-cost, ultra-wideband phased array antennas and their potential applications for the US Navy with Defense & Aerospace Report Editor Vago Muradian during DoD Lab Day 2017 at the Pentagon in Arlington, Virginia, on May 18, 2017.

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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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DLA Issues $800M Medical Ultrasound Equipment IDIQ to Fujifilm SonoSite

The Defense Logistics Agency has awarded Fujifilm SonoSite a potential 10-year, $799.6 million contract for ultrasound machines,  accessories and training support services. DLA received 27 offers for the firm-fixed-price, indefinite-delivery/indefinite-quantity contract through a competitive procurement, the Defense Department said Tuesday. The contract’s base period is slated to run through Oct. 31, …

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Ultra Electronics 3eTI to Supply Critical Infrastructure Control Tools Under $82M Navy Contract

The U.S. Navy has awarded Ultra Electronics 3eTI a potential four-year, $82 million contract to continue to provide platforms designed to monitor and control the service branch’s critical infrastructure. The cost-plus-fixed-fee contract has a one-year base term valued at approximately $48.5 million and covers endpoint security, industrial control systems and …

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Teratech Wins $100M DLA Ultrasound Systems Supply IDIQ

A Teratech subsidiary has been awarded a potential 10-year, $100 million indefinite-delivery/indefinite-quantity contract to provide clinical ultrasound systems to the Defense Logistics Agency. Terason Ultrasound will provide the machines for use by the departments of Defense and Veterans Affairs as well as other federal civilian agencies and foreign military customers, DoD said Friday. The contract contains five …

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