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Sparton Corporation and Ultra Electronics - USSI Joint Venture (ERAPSCO) Awarded $71.2 Million for U.S. Navy Sonobuoy Contracts



  Sparton Corporation and Ultra Electronics - USSI Joint Venture (ERAPSCO)
  Awarded $71.2 Million for U.S. Navy Sonobuoy Contracts

Business Wire

SCHAUMBURG, Ill.& COLUMBIA CITY, Ind. -- January 7, 2013

Sparton Corporation (NYSE: SPA) and Ultra Electronics - USSI, a subsidiary of
Ultra Electronics Holdings plc (ULE) announce the award of subcontracts valued
at $71.2 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 $29.2 million and $42 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

The Q53F and Q62E sonobuoys are used to support the United States Naval
Antisubmarine Forces. The primary purpose of a sonobuoy is to detect acoustic
emissions or reflections from potentially hostile submarines and transmit
these signals to US Navy airborne antisubmarine warfare forces.

ERAPSCO is firmly committed to the development of innovative technology in
supplying the U.S. Navy with quality products that help secure U.S. borders,
and proud to continue in its role as a technology partner for the U.S. Navy.

About Sparton Corporation

Sparton Corporation (NYSE:SPA), now in its 113th year, is a provider of
complex and sophisticated electromechanical devices with capabilities that
include concept development, industrial design, design and manufacturing
engineering, production, distribution, and field service to technology-driven
companies in the medical device, defense & security systems, and electronic
manufacturing services markets. Headquartered in Schaumburg, Ill., Sparton
currently has four manufacturing locations worldwide. The Company's Web site
may be accessed at http://www.sparton.com.

Further information about Ultra:

Ultra Electronics is an internationally successful defence, security,
transport and energy company with a long, consistent track record of
development and growth. Ultra businesses constantly innovate to create
solutions to customer requirements that are different from and better than
those of the Group’s competitors. The Group has over one hundred and eighty
distinct market or technology niches within its twenty eight businesses. The
diversity of niches enables Ultra to contribute to a large number of defence,
aerospace and civil platforms and programmes and provides resilience to the
Group’s financial performance.

Ultra has world-leading positions in many of its niches and, as an
independent, non-threatening partner, is able to support all of the main prime
contractors with specialist capabilities and solutions. As a result of such
positioning, Ultra’s systems, equipment or services are often mission-critical
to the successful operation of the platform to which they contribute. In turn,
this mission-criticality secures Ultra’s positions for the long term which
underpin the superior financial performance of the Group.

Ultra offers support to its customers through the design, delivery and support
phases of a programme. Ultra businesses have a high degree of operational
autonomy where the local management teams are empowered to devise and
implement competitive strategies that reflect their expertise in their
specific niches. The Group has a small head office and executive team that
provide to the individual businesses the same agile, responsive support that
they provide to customers as well as formulating Ultra’s overarching,
corporate strategy.

Safe Harbor and Fair Disclosure Statement

Certain statements described in this press release are forward-looking
statements within the scope of the Securities Act of 1933, as amended (the
“Securities Act”), and the Securities Exchange Act of 1934, as amended (the
“Exchange Act”). Forward-looking statements may be identified by the words
“believe,” “expect,” “anticipate,” “project,” “plan,” “estimate,” “will” or
“intend” and similar words or expressions. These forward-looking statements
reflect Sparton’s current views with respect to future events and are based on
currently available financial, economic and competitive data and its current
business plans. Actual results could vary materially depending on risks and
uncertainties that may affect Sparton’s operations, markets, prices and other
factors. Important factors that could cause actual results to differ
materially from those forward-looking statements include, but are not limited
to, Sparton’s financial performance and the implementations and results of its
ongoing strategic initiatives. For a more detailed discussion of these and
other risk factors, see Part I, Item 1A, Risk Factors and Part II, Item 7,
Management’s Discussion and Analysis of Financial Condition and Results of
Operations, in Sparton’s Form 10-K for the year ended June 30, 2012, and its
other filings with the Securities and Exchange Commission. Sparton undertakes
no obligation to publicly update or revise any forward-looking statement as a
result of new information, future events or otherwise, except as otherwise
required by law.

NAVAIR Public Release #2012-1323

Distribution Statement A – “Approved for public release; distribution is
unlimited”

Contact:

Institutional Marketing Services
John Nesbett/Jennifer Belodeau, 203-972-9200
jnesbett@institutionalms.com
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