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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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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.
May 14, 2015
08:17 EDTSPASparton, Ultra Electronics USSI JV awarded $9.4M in foreign sales contracts
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May 13, 2015
07:22 EDTSPABarrington to hold a conference
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