Sparton Corporation and Ultra Electronics USSI Joint Venture (ERAPSCO) Awarded $53.7 Million for U.S. Navy Sonobuoy Contract

COLUMBIA CITY, Ind. & SCHAUMBURG, Ill.--(BUSINESS WIRE)--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 $