(BUSINESS WIRE)–May 10, 2016– Ultra Electronics Holdings plc (ULE) and Sparton Corporation (NYSE:SPA) announce the award of subcontracts valued at $101.1 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the US Navy.
(BUSINESS WIRE) April 13, 2016– ERAPSCO/SonobuoyTech Systems will provide manufacturing subcontracts in the amount of $11.5 million to Ultra Electronics USSI and $6.0 million to Sparton De Leon Springs LLC.
DE LEON SPRINGS, FLA.(BUSINESS WIRE)–Jan. 11, 2016– Sparton Corporation (NYSE: SPA) announced that their De Leon Springs Facility has won the 2015 Florida Manufacturer of the Year award (Category 4) by the Manufacturers Association of Florida (MAF).
November 2, 2015–Ultra Electronics Holdings plc (ULE) and Sparton Corporation (NYSE: SPA) announce the award of subcontracts valued at $20 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy. Production will take place at Ultra Electronics USSI’s Columbia City, IN facility and Sparton’s De Leon Springs, FL facility and is expected to be completed by September 2017.
Joseph G. McCormack has been appointed as Sparton's new Chief Financial Officer, effective immediately.
Mr. McCormack most recently joined Sparton as a Senior Financial Consultant in June of 2015. Previously, he served as the CFO of Ingenient Technologies Inc., was a partner with Ernst & Young LLP, has extensive experience with SEC reporting and technical accounting matters and has broad experience with high growth companies including acquisitions, integration, and divestitures. He is a registered certified public accountant and earned a Bachelor of Science degree from DePaul University.
Sparton is pleased to announce that President and CEO, Cary Wood, has been awarded the Midwest Entrepreneur of the Year honors for the category of Distribution and Manufacturing.
This aligns precisely with the strategy of Sparton Corporation and Vision 2020, to become a $1 billion enterprise. We are humbled and honored for Mr. Wood to have received this award and look forward to the expansion of this business in the years ahead.
Sparton Acquires Hunter Technology Corporation
Acquisition Expected to Provide $80.5 Million in Annual Revenue
Expands Footprint into Northern California Corridor
Investor Conference Call on Wednesday, April 15 at 9:00 a.m. EDT to Discuss Transaction
SCHAUMBURG, Ill.–(BUSINESS WIRE)–April 14, 2015–Sparton Corporation (NYSE: SPA) announced that its wholly owned subsidiary, Sparton Hunter Corporation, completed a merger with Hunter Technology Corporation in a $55 million all-cash transaction. The merger is subject to certain and conditional post-closing adjustments.
Sparton Corporation to Host Conference Call to Discuss Fiscal 2015 Third Quarter Financial Results
SCHAUMBURG, Ill.–(BUSINESS WIRE)–May 4, 2015–Sparton Corporation (NYSE:SPA) announced it will host a conference call with investors and analysts on Wednesday, May 6 at 10:00 a.m. CT / 11:00 a.m. ET to discuss its fiscal 2015 third quarter financial results, provide a general business update, and respond to investor questions.
Sparton Corporation Reports Fiscal 2015 Third Quarter Earnings
SCHAUMBURG, Ill.–(BUSINESS WIRE)–May 5, 2015–Sparton Corporation (NYSE:SPA) today announced results for the third quarter of fiscal 2015 ended March 31, 2015. The Company reported third quarter sales of $93.1 million, an increase of 11%, from $84.0 million for the third quarter of fiscal 2014.
Sparton Corporation and Ultra Electronics USSI Joint Venture (Sonobuoy Tech Systems) Awarded $9.4M in Foreign Sales Contracts
SCHAUMBURG, Ill. –(BUSINESS WIRE)–May 14, 2015–Sparton Corporation (NYSE:SPA) and Ultra Electronics USSI, a subsidiary of Ultra Electronics Holdings plc (ULE), announce the award of subcontracts valued at $9.4 million from their ERAPSCO/SonobuoyTech Systems joint venture.