Tag Archives: Sparton

Sparton-Ultra Electronics JV Lands $101M Navy Sonobuoys Order; Joseph Hartnett Comments

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, …

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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 …

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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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Sparton Acquires Medical Tech, Biotech Provider Aubrey Group; Cary Wood Comments

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 …

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