New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 10, 2014
08:17 EDTSPASparton unit acquires Electronic Manufacturing Technology
Sparton announces that its wholly owned subsidiary, Sparton eMT, has acquired Electronic Manufacturing Technology, a $25M revenue business located in Irvine, California, in an all-cash transaction. The company said, "We are pleased to have eMT join the Sparton family and expect it to be accretive to earnings within the first twelve months.” The transaction was funded through Sparton’s borrowings under the credit facility currently in place with BMO Harris Bank.
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.
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 ERAPSCO’s 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 Sparton’s DeLeon Springs, FL facility as well as Ultra’s Columbia City, IN facility.

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