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Stock Market & Financial Investment News

News Breaks
March 18, 2014
08:17 EDTSPASparton completes acquisition of Aubrey Group
Sparton announced that it completed an all-cash transaction to acquire Aubrey Group, an $8M revenue business. Aubrey will continue to service its current and future customers out of its Irvine, California location. Aubrey Group is a design and manufacturing company using technologies to develop new products for OEMs in the Medical and Biotechnological markets. Aubrey Group is FDA registered, ISO 13485 and ISO 9001 certified, licensed by the California Food and Drug Branch and compliant with FDA Design Controls, IEC, and UL requirements. Further, a Class 100K clean room is available to offer sterile packaging, sealing, and sterilization validation services. The transaction was funded through Spartonís borrowings under the credit facility currently in place with BMO Harris Bank.
News For SPA From The Last 14 Days
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February 17, 2015
08:16 EDTSPASparton, Ultra Electronics USSI JV awarded $57M contract
Sparton Corporation (SPA) and Ultra Electronics Holdings announce the award of subcontracts valued at $57M to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy. The award is a GFY15 delivery order provided as a requirement from ERAPSCOís five year Indefinite Delivery Indefinite Quantity contract. ERAPSCO will provide production subcontracts in the amount of $32.6M and $24.4M to Sparton DeLeon Springs, LLC and Ultra Electronics USSI respectively. Production will take place at Spartonís DeLeon Springs, FL facility as well as Ultraís Columbia City, IN facility.

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