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Stock Market & Financial Investment News

News Breaks
November 17, 2012
15:40 EDTSPASparton shares can rise 50% as earnings increase, Barron's says
Sparton's (SPA) focus on the higher margin defense, medical-device and electronics segments should drive the company's earnings higher and lead to a potential 50% rally in the stock, Barron's says. Reference Link
News For SPA From The Last 14 Days
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May 18, 2015
08:15 EDTSPASparton, Ultra Electronics JV awarded $87M for U.S. Navy sonobuoy contract
Sparton Corporation and Ultra Electronics Holdings announce the award of subcontracts valued at $87M to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy. The award is a GFY15 ERAPSCO Indefinite Delivery Indefinite Quantity contract release for sonobuoy requirements under ERAPSCOís five year contract. ERAPSCO will provide production subcontracts in the amount of $47M and $40M to Ultra Electronics USSI and Sparton DeLeon Springs, LLC respectively. Production will take place at Ultra Electronics USSIís Columbia City, IN facility and Spartonís DeLeon Springs, FL facility and is expected to be completed by March 2017.

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