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Tag Archives: Ultra Electronics Holdings

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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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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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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Ultra Electronics Closes Buy of Kratos’ US, UK Electronic Products Business

British manufacturing conglomerate Ultra Electronics Holdings has completed its purchase of Kratos Defense & Security Solutions‘ (Nasdaq: KTOS) U.S. and U.K. electronic products business for $260 million in cash and $5 million in taxes incurred. Kratos said Monday its net cash proceeds from the transaction are $232.4 million after a $2 million escrow for purchase price adjustments, a $7.6 million working capital …

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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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EDF Energy awards Ultra €12.9M contract

Ultra Electronics Holdings, a global supplier of nuclear instrumentation and control systems, announced today that EDF Energy has awarded a €12.9 million contract to Ultra’s Nuclear Control Systems for the manufacturing and support of EDF Energy-owned nuclear reactors in the UK. Ultra currently supplies safety-based equipment to 186 reactors in …

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