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Sparton Corp (SPA.N)

SPA.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sparton Corpo and Ultra Electronics USSI JV for Sonobuoy Tech Systems awarded $14.8 mln in foreign sales contracts
Tuesday, 11 Apr 2017 08:30am EDT 

Sparton Corp : Sparton Corporation and Ultra Electronics USSI joint venture for Sonobuoy Tech Systems awarded $14.8m in foreign sales contracts . Sparton Corp - Co, Ultra Electronics USSI announce award of subcontracts valued at $14.8 million from their Erapsco/Sonobuoytech Systems joint venture .Sparton - As per subcontracts, production will take place at Ultra Electronics USSI's Indiana facility and Sparton's Florida facility.  Full Article

Sparton Corp and Ultra Electronics joint venture awarded $30.3 mln for U.S. Navy Sonobuoy contract
Thursday, 12 Jan 2017 08:30am EST 

Sparton Corp : Sparton Corporation and Ultra Electronics USSI joint venture (erapsco) awarded $30.3 million for U.S. Navy Sonobuoy contract . ERAPSCO to provide production subcontracts in amount of $18.5 million, $11.8 million to Ultra Electronics USSI, Sparton De Leon springs respectively .Production expected to be completed by November 2018.  Full Article

Sparton Q1 earnings per share $0.01
Tuesday, 8 Nov 2016 04:10pm EST 

Sparton Corp : Q2 revenue view $106.6 million -- Thomson Reuters I/B/E/S . Sparton corporation reports fiscal 2017 first quarter results . Q1 earnings per share $0.01 . Sees Q2 2017 revenue $97 million to $101 million . Q1 sales $100.4 million versus I/B/E/S view $100.6 million . Q1 adjusted earnings per share $0.20 .Q1 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.  Full Article

Sparton Q4 loss per share $4.30
Tuesday, 6 Sep 2016 04:15pm EDT 

Sparton Corp : Sparton Corporation reports fourth quarter and fiscal year 2016 financial results . Q4 loss per share $4.30 . Q4 earnings per share view $0.32 -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share $0.50 . Q4 sales $107 million versus i/b/e/s view $102.3 million .Sees q1 2017 revenue $97 million to $101 million.  Full Article

Sparton Corp explores potential sale transaction
Wednesday, 27 Apr 2016 07:30am EDT 

Sparton Corp:Says as part of its previously announced exploration of strategic alternatives, its Board of Directors has authorized Wells Fargo Securities, LLC to conduct a process to identify parties interested in acquiring entire Company.  Full Article

Sparton Corp and Ultra Electronics USSI Joint Venture (ERAPSCO) secures $20.4 Million for U.S. Navy Sonobuoy Contract
Monday, 2 Nov 2015 09:00am EST 

Ultra Electronics Holdings plc and Sparton Corp:Secures subcontracts valued at $20 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy.Says GFY15 ERAPSCO Indefinite Delivery Indefinite Quantity (IDIQ) contract release for sonobuoy requirements under ERAPSCO's five year contract.Says ERAPSCO will provide production subcontracts in the amount of $9.6 million and $10.8 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.  Full Article

Sparton Corporation announces new CFO
Tuesday, 8 Sep 2015 09:00am EDT 

Sparton Corp:Announces that Joseph G. McCormack has been appointed as the Company's new Chief Financial Officer, effective immediately.McCormack most recently joined Sparton as a Senior Financial Consultant in June of 2015.  Full Article

Sparton Corp and L - 3 Communication sreach settlement agreement
Monday, 24 Aug 2015 09:00am EDT 

Sparton Corp:Says has signed a settlement agreement to pay L - 3 Communications$2.5 million.Says agreement requires payment from Sparton to L - 3on or before Oct. 1, in consideration for dismissal of litigation.  Full Article

Ultra Electronics USSI and Sparton Corp Joint Venture Awarded $16.1 mln in foreign sales contracts
Monday, 17 Aug 2015 09:00am EDT 

Ultra Electronics Holdings PLC :Ussi and Sparton Corp joint venture (sonobuoy tech systems) awarded $16.1M in foreign sales contracts.Ussi says award of subcontracts valued at $16.1 million from their erapsco/sonobuoytech systems joint venture.Ussi - production will take place at Ultra Electronics ussi's Columbia city, in facility and sparton's de leon springs, fl facility.  Full Article

Sparton Corporation announces CFO transition
Monday, 1 Jun 2015 04:01pm EDT 

Sparton Corporation:Says Don Pearson, senior vice president and chief financial officer of sparton corporation, will be leaving.says has engaged a senior finance professional to assist company with financial and accounting matters on an interim basis.Says Wood will serve as interim principal financial officer for the company.  Full Article

More From Around the Web

BRIEF-Sparton Corpo and Ultra Electronics USSI JV for Sonobuoy Tech Systems awarded $14.8 mln in foreign sales contracts

* Sparton Corporation and Ultra Electronics USSI joint venture for Sonobuoy Tech Systems awarded $14.8m in foreign sales contracts