Key Developments: Sparton Corp (SPA)

SPA on New York Consolidated

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

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

Sparton Corp And Ultra Electronics Holdings PLC's Joint Venture Secures Contract
Thursday, 29 Aug 2013 08:45am EDT 

Sparton Corp and Ultra Electronics - USSI, a subsidiary of Ultra Electronics Holdings plc (ULE) announced the award of subcontracts valued at $10.8 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy. ERAPSCO will provide production subcontracts in the amount of $5.6 million and $5.2 million to Sparton Electronics Florida, Inc. and USSI respectively. Production will take place at Sparton's DeLeon Springs, FL facility as well as USSI's Columbia City, IN facility and is expected to be completed by April 2015.  Full Article

Sparton Corp To Acquire Aydin Displays, Inc.
Tuesday, 20 Aug 2013 08:30am EDT 

Sparton Corporation announced that its wholly owned subsidiary, Sparton Aydin, LLC has entered into a definitive purchase agreement to acquire certain assets and liabilities of Aydin Displays, Inc., an $18 million revenue business, in an all-cash transaction.  Full Article

Sparton Corp's Defense and Security Systems Secures DARPA Contract for Upward Falling Payloads Program
Friday, 16 Aug 2013 08:30am EDT 

Sparton Corp announced that it was awarded a Phase 1 contract for the Defense Advanced Research Projects Agency (DARPA) Upward Falling Payload (UFP) program. Sparton, under the UFP program, will design a system intended to live on the sea floor and release payloads. This enablement would represent a game changing capability for mission commanders. Sparton will leverage their 60 year legacy of developing and delivering solutions for the Undersea Warfare (USW) and Anti-Submarine Warfare (ASW) domains to develop a Universal Payload Delivery System module for the UFP program. The Applied Physics Lab at the University of Washington will be a part of the Sparton team to provide additional deep ocean design.  Full Article

Sparton Corp And Ultra Electronics Joint Venture Gets $5.8 Million For U.S. Navy Sonobuoy Contracts
Wednesday, 26 Jun 2013 08:30am EDT 

Sparton Corporation and Ultra Electronics - USSI, a subsidiary of Ultra Electronics Holdings plc (ULE) announced the award of subcontracts valued at $5.8 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy. ERAPSCO will provide production subcontracts in the amount of $2.8 million and $3.0 million to Sparton Electronics Florida, Inc. and USSI respectively. Production will take place at Sparton's DeLeon Springs, FL facility as well as USSI's Columbia City, IN facility and is expected to be completed by January 2015. ERAPSCO was awarded a contract for the AN/SSQ-53F, a passive acoustic sensor used for detection, classification, and localization of adversary submarines during peacetime and combat operations and the AN/SSQ-62E DICASS sonobuoy, an active acoustic sensor used in the final localization and attack phase of submarine prosecutions.  Full Article

Sparton Corp's Sparton Electronic Devices, LLC Acquires Assets Of Creonix
Friday, 7 Jun 2013 08:30am EDT 

Sparton Corp announced that wholly owned subsidiary, Sparton Electronic Devices, LLC completed the acquisition of certain assets of Creonix, a $12 million revenue business, on June 6, 2013 in an all-cash transaction. Creonix, located in Bradenton, Florida, primarily manufactures complex electromechanical devices and engineers and manufactures cables and wire harnesses for the Industrial and Military & Aerospace markets, including products and components for battery monitoring, high speed optical imaging, neuromuscular incapacitation, imaging and wiring assemblies for military applications, and electrical grid transformer protection systems.  Full Article

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