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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.Ē 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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