Key Developments: Sparton Corp (SPA)

SPA on New York Consolidated

28 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Sparton Corp maintains FY 2015 revenue guidance
Tuesday, 4 Nov 2014 04:30pm EST 

Sparton Corp:Continues to maintain guidance that, net of acquisitions, the company will achieve its 3 pct. -5 pct. FY 2015 revenue growth target.Reported revenue of $336 million in FY 2014.  Full Article

Sparton Corp and Ultra Electronics USSI joint venture (Sonobuoy Tech Systems) awarded $26.2 mln in Foreign Sales Contracts
Wednesday, 17 Sep 2014 08:30am EDT 

Sparton Corp and Ultra Electronics USSI, a subsidiary of Ultra Electronics Holdings plc:Receives award of subcontracts valued at $26.2 mln from their ERAPSCO/SonobuoyTech Systems joint venture.Multiple foreign contracts represent the manufacture of Passive and Active Sonobuoys in support of multiple underwater missions.  Full Article

Sparton Corp appoints new chief financial officer
Monday, 15 Sep 2014 08:30am EDT 

Sparton Corp:Says Don Pearson has been appointed as the company's new chief financial officer, effective immediately.Pearson replaces Mark Schlei who is leaving Sparton to pursue other career opportunities.  Full Article

Sparton Corp gives FY 2015 EPS guidance
Tuesday, 9 Sep 2014 04:15pm EDT 

Sparton Corp:Expects to realize continued year-over-year EPS growth in FY 2015.FY 2015 EPS of $1.66 - Thomson Reuters I/B/E/S.  Full Article

Sparton Corp and Ultra Electronics USSI joint venture (ERAPSCO) awarded $166 mln for U.S. Navy Sonobuoy Contract
Wednesday, 6 Aug 2014 08:30am EDT 

Sparton Corp:Announces that its joint venture with Ultra Electronics Holdings plc (ULE), ERAPSCO, has been awarded contract valued at $166 mln for manufacture of sonobuoys for United States Navy.Contract provides the base year award of a five year Indefinite Delivery Indefinite Quantity (IDIQ) contract that has a maximum value of $810 mln.ERAPSCO will provide production subcontracts in the amount of $90.5 million and $75.5 mln to Sparton DeLeon Springs, LLC and Ultra Electronics USSI respectively.Production will take place at Sparton's DeLeon Springs, FL facility as well as Ultra's Columbia City, IN facility and is expected to be completed by June 2020.  Full Article

Sparton Corp completes acquisition of Aubrey Group, Inc
Tuesday, 18 Mar 2014 08:15am EDT 

Sparton Corp:Completes all-cash transaction to acquire Aubrey Group, Inc., $8 mln revenue business, on March 17, 2014.Aubrey will continue to service its current and future customers out of its Irvine, CA location.  Full Article

PathoGenetix signs Sparton Corp to Manufacture Bacterial Identification System
Friday, 31 Jan 2014 03:05am EST 

Sparton Corp:Says PathoGe netix, Inc signed Sparton Corporation as the design and manufacturing partner for the RESOLUTION Microbial Genotyping System.Says under the terms of the agreement, Sparton will conduct design for manufacture and pilot production of a limited number of pre-commercial instruments for the RESOLUTION System, which is slated for commercial availability in 4Q2014.Says the RESOLUTION System enables pathogen serotype identification and strain typing in just five hours, directly from complex mixtures such as enriched food and clinical samples.  Full Article

Sparton Corp's subsidiary receives contract
Tuesday, 7 Jan 2014 08:15am EST 

Sparton Corp:Says Aydin Displays, a wholly owned subsidiary of Sparton, has been awarded an initial order valued at $1.8 mln to supply, over the next six months, an upgraded rugged LCD display with an enhanced LED backlight for the Tactical Tomahawk Weapon Control System.Says the total contract, with multi-year options, has a potential value of about $5.0 mln.  Full Article

Sparton Corp's Sparton Beckwood, LLC Acquires Beckwood Services, Inc
Thursday, 12 Dec 2013 10:16am EST 

Sparton Corp:Says its wholly owned subsidiary, Sparton Beckwood, LLC, has entered into a definitive purchase agreement to acquire Beckwood Services, Inc., in an all-cash transaction.Says Beckwood Services is engaged in the contract services business of manufacturing electronic or electro-mechanical controls and electronic assemblies.  Full Article

Sparton Corp's Subsidiary Completes Acquisition Of Aydin Displays, Inc.
Tuesday, 3 Sep 2013 09:30am EDT 

Sparton Corporation announced that its wholly owned subsidiary, Sparton Aydin, LLC completed the transaction to acquire certain assets and liabilities of Aydin Displays, Inc., an $18 million revenue business, in an all-cash transaction. Aydin Displays, Inc., a subsidiary of Video Display Corp develops enhanced flat panel display and touch-screen solutions with application-critical performance criteria for the Military & Aerospace and Civil Marine.  Full Article

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