Sparton Corporation and Ultra Electronics USSI Joint Venture (ERAPSCO) Awarded $53.7 Million for U.S. Navy Sonobuoy Contract
Tuesday, March 29, 2016
COLUMBIA CITY, Ind. & SCHAUMBURG, Ill.–(BUSINESS WIRE)—March 29, 2016–Ultra Electronics Holdings plc (ULE) and Sparton Corporation (NYSE: SPA) announce the award of subcontracts valued at $53.7 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy. The award is a GFY16 ERAPSCO Indefinite Delivery Indefinite Quantity (IDIQ) contract release for sonobuoy requirements under ERAPSCO’s five year contract. ERAPSCO will provide production subcontracts in the amount of $26.1 million and $27.6 million to Ultra Electronics USSI and Sparton De Leon Springs, LLC respectively. 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.