Delivery Scheduled for Completion in 2020
ERAPSCO, a joint venture owned by Ultra Electronics and Sparton Corporation is announcing subcontracts to its parent companies valued at $32 and $38.3 million respectively for the manufacture of sonobuoys for the US Navy. The subcontracts result from calloffs against the company’s existing five year contract and deliveries are scheduled for completion in March 2020.
“I am pleased that we have secured this important contract that will continue to provide critical sensor capabilities to the US Navy. This contract is a reflection of the increased focus on anti-submarine warfare and the US Navy’s commitment to providing key technology for this important mission,” stated Ultra Electronics’ Executive Chairman, Douglas Caster.
“We are committed to delivering high-quality products to support that mission,” added Sparton Corporation Interim President and CEO, Joe Hartnett.