Tag Archives: ERAPSCO

Rakesh Sharma: Ultra Electronics-Sparton JV Secures $87M Navy Sonobuoy Manufacturing IDIQ

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 …

Read More »

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 …

Read More »