New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 2, 2014
08:16 EDTSPASparton, USSI JV awarded $13.3M in direct foreign sales contract
Sparton Corporation and USSI, a subsidiary of Ultra Electronics Holdings plc announce the award of subcontracts valued at $13.3M from their ERAPSCO/Sonobuoy TechSystems joint venture. The contract is for the manufacture of Passive and Active Sonobuoys in support of multiple international awards for exercises planned with the U.S. Navy as well as independent training and exercises as sanctioned under export regulations. ERAPSCO/Sonobuoy TechSystems will provide manufacturing subcontracts in the amount of $5.6M to Sparton Electronics Florida, Inc. and $7.7M to USSI. Production will take place at Spartonís De Leon Springs, FL facility and USSIís Columbia City, IN facility with completion planned by June.
News For SPA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use