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Sparton Awarded $3 Million Q125 Sonobuoy Subcontract

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  Published in Science and Technology on Thursday, October 28th 2010 at 6:16 GMT by Market Wire
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SCHAUMBURG, Ill.--([ BUSINESS WIRE ])--Sparton Corporation (NYSE:SPA) announces the award of a $3 million subcontract to manufacture sonobuoys for the United States Navy as part of the ERAPSCO joint venture. Work will be performed in Columbia City, IN and DeLeon Springs, FL.

"We value our partnership with the U.S. Navy and are proud to continue as a provider of leading edge technology and products that play an important part in protecting our borders."

Under the ERAPSCO subcontract, Sparton will share fabrication, final assembly and testing of 1,000 AN/SSQ-125 (Q-125) sonobuoys to support United States Naval Antisubmarine Forces in littoral and deep water environments. The AN/SSQ-125 Coherent Source sonobuoy is an A-size, expendable, acoustic source sonobuoy. This production contract includes fabrication, test and delivery of Q125 Production Representative Models.

Sparton President and CEO Cary Wood commented, aWe value our partnership with the U.S. Navy and are proud to continue as a provider of leading edge technology and products that play an important part in protecting our borders.a

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 ].

Safe Harbor and Fair Disclosure Statement

Certain statements described in this press release are forward-looking statements within the scope of the Securities Act of 1933, as amended (the aSecurities Acta), and the Securities Exchange Act of 1934, as amended (the aExchange Acta). Forward-looking statements may be identified by the words abelieve,a aexpect,a aanticipate,a aproject,a aplan,a aestimate,a awilla or aintenda and similar words or expressions. These forward-looking statements reflect Spartona™s current views with respect to future events and are based on currently available financial, economic and competitive data and its current business plans. Actual results could vary materially depending on risks and uncertainties that may affect Spartona™s operations, markets, prices and other factors. Important factors that could cause actual results to differ materially from those forward-looking statements include, but are not limited to, Spartona™s financial performance and the implementations and results of its ongoing strategic initiatives. For a more detailed discussion of these and other risk factors, see PartI, Item1A, Risk Factors and PartII, Item7, Managementa™s Discussion and Analysis of Financial Condition and Results of Operations, in Spartona™s Form 10-K for the year ended June30, 2009, and its other filings with the Securities and Exchange Commission. Sparton undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.