Ultra Electronics Holdings and Schaumburg-based Sparton Corporation have awarded subcontracts valued at $53.7 million to their ERAPSCO joint venture to manufacture sonobuoys for the U.S. Navy.
“We are grateful for the confidence the U.S. Navy has demonstrated in Sparton by awarding this contract," Joseph Hartnett, interim president and CEO of Sparton Corporation, said. "We remain committed to delivering high performance product solutions to enable their success in undersea warfare missions today and in the future.”
ERAPSCO will provide production subcontracts for $26.1 million to Ultra Electronics USSI and $27.6 million to Sparton De Leon Springs. Production, which will take place at Ultra Electronics USSI’s Columbia City, Indiana, facility and Sparton’s De Leon Springs, Florida facility, is expected to wrap up by September 2017
“I am pleased that we have secured this important contract that will continue to provide critical sensor capabilities to the U.S. Navy," Ultra Electronics Chief Executive Rakesh Sharma said. "This contract is a reflection of the increased focus on anti-submarine warfare and the U.S.Navy’s commitment to providing key technology for this important mission.”
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