Science & Technology
Fri, May 7, 2010Thu, May 6, 2010Mon, January 11, 2010Fri, January 8, 2010Thu, January 7, 2010Wed, January 6, 2010Tue, January 5, 2010Mon, January 4, 2010Sun, January 3, 2010Thu, December 31, 2009Sparton Corporation Awarded $4.5 million in Foreign Sonobuoy Contracts
Published in Science and Technology on Wednesday, January 6th 2010 at 20:21 GMT by Market Wire
SCHAUMBURG, Ill.--([ BUSINESS WIRE ])--Sparton Corporation (NYSE: SPA) today announced that it has been awarded a contract by Norway to manufacture the AN/SSQ-62E DICASS sonobuoy. The award is valued at approximately $1.8 million and will be manufactured at the Company's De Leon Springs, Florida facility for a February 2010 delivery.
"These awards continue to demonstrate Sparton's deliberate progress into markets outside the U.S."
Sparton was previously awarded a $2.7 million contract by Australia for the AN/SSQ-62E DICASS sonobuoy in November 2009 which was delivered in December 2009.
"We are pleased to have won these opportunities to assist foreign nations in protecting their borders with leading-edge products manufactured by our Defense & Security Systems business unit," said Sparton President & CEO, Cary Wood. "These awards continue to demonstrate Sparton's deliberate progress into markets outside the U.S."
The primary purpose of a sonobuoy is to detect acoustic emissions or reflections from potentially hostile submarines and transmit these signals to airborne antisubmarine warfare forces. The SSQ-62E DICASS sonobuoy is an active acoustic sensor that is used in the final localization and attack phase of submarine prosecutions.
Headquartered in Illinois, Sparton is the only U.S.-owned designer and manufacturer of various sonobuoy products for the U.S. and other free-world nations.
About Sparton Corporation
Sparton Corporation (NYSE:SPA), now in its 110th year, is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, and field service to technology-driven companies in the medical device, defense & security systems, and electronic manufacturing services markets. Headquartered in Schaumburg, Ill., Sparton currently has four manufacturing locations worldwide. The Company's Web site may be accessed at [ http://www.sparton.com ].
