JACKSON, Mich., Jun 22, 2009 (BUSINESS WIRE) -- Sparton Corporation is announcing award of a $19.3 million subcontract to manufacture sonobuoys for the United States Navy as part of the ERAPSCO joint venture.
Under an ERAPSCO subcontract, Sparton will produce sub-assemblies for more than 7,320 AN/SSQ-101A (Q-101A) sonobuoys to support United States Naval Antisubmarine Forces. The AN/SSQ-101A Air Deployable Active Receiver (ADAR) sonobuoy is an A-size, expendable, acoustic signal receive array. With on-board digital signal processing and a Sparton Digital Compass for bearing determination, target localization and tracking by Navy Maritime Patrol Aircraft is achieved."Sonobuoys are vital to the defense and security of our nation," said Cary Wood, president and CEO, Sparton Corp. "We're proud to have won this new contract, which validates the technology we use in our sonobuoys and to again be working with the U.S. Navy. We're also very pleased to be teaming via ERAPSCO on this contract."
Production and testing will be performed at Sparton's DeLeon Springs, Fla., facility and is expected to be completed in May 2011.
Currently headquartered in Michigan, Sparton is the only U.S.-owned designer and manufacturer of sonobuoys for the U.S. Navy.
Sonobuoys are vital to the defense and security of our nation
About Sparton Corporation
Sparton Corporation /quotes/comstock/13*!spa/quotes/nls/spa (SPA 2.67, 0.00, 0.00%) now in its 109th year, is a broad-based provider of electronics to technology-driven companies in diverse markets. The Company provides its customers with sophisticated electronic and electromechanical products through prime contracts and through contract design and manufacturing services. Currently headquartered in Jackson, Mich., Sparton has five manufacturing locations worldwide at this time. The Company's Web site may be accessed at http://www.sparton.com.
About ERAPSCO
ERAPSCO, a joint venture between Sparton Electronics Florida Inc., DeLeon Springs, Fla., and Undersea Sensor Systems, Inc. (USSI), Columbia City, Ind., is a designer and manufacturer of expendable underwater transducer and sensor products for the U.S. Navy and its allies. ERAPSCO, serving as the prime contractor, was awarded the $31,316,120 firm-fixed-price contract for the procurement of the ADAR units. The balance of the work under this prime contract will be performed by USSI.
Safe Harbor and Fair Disclosure Statement
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: To the extent any statements made in this release contain information that is not historical, these statements are essentially forward-looking and are subject to risks and uncertainties, including the difficulty of predicting future results, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC). The matters discussed in this press release may also involve risks and uncertainties concerning Sparton's services described in Sparton's filings with the SEC. In particular, see the risk factors described in the Company's most recent Form 10K and Form 10Q. Sparton assumes no obligation to update the forward-looking information contained in this press release.
SOURCE: Sparton Corporation
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