Sparton Corporation and USSI Joint Venture (SonobuoyTech Systems) Awarded $4.0M in Direct Foreign Sales Contracts

  Sparton Corporation and USSI Joint Venture (SonobuoyTech Systems) Awarded
  $4.0M in Direct Foreign Sales Contracts

Business Wire

SCHAUMBURG, Ill. & FORT WAYNE, Ind. -- January 10, 2013

Sparton Corporation (NYSE: SPA) and USSI, a subsidiary of Ultra Electronics
Holdings plc (ULE) announce the award of subcontracts valued at $4.0 million
from their ERAPSCO/SonobuoyTech Systems joint venture, for the manufacture of
multiple Passive and Active Sonobuoys in support of several international
Sonobuoy customer exercises planned with the U.S. Navy as well as other
sonobuoy end-users. ERAPSCO/SonobuoyTech Systems will provide manufacturing
subcontracts in the amount of $4.0 million to Sparton Electronics Florida Inc.
Production will take place at Sparton’s DeLeon Springs, FL facility and is
expected to be completed by June 2013.

ERAPSCO/SonobuoyTech Systems was awarded multiple international contracts for
Passive and Active sonobuoys that are used for detection, classification, and
localization of adversary submarines during peacetime and combat operations.

ERAPSCO/SonobuoyTech Systems is pleased to have been selected to assist
international customers in protecting their borders by providing the
leading-edge products developed by its joint venture partners. The joint
venture welcomes opportunities to play a role in the defense activities of our
foreign allies and the expansion of the number of contracts received from
foreign nations demonstrates ERAPSCO’s deliberate progress into markets
outside the U.S.

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, field service, and refurbishment. The
primary markets served are Medical, Military & Aerospace, and Industrial &
Instrumentation. Headquartered in Schaumburg, IL, Sparton currently has five
manufacturing locations worldwide. Sparton'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

Safe Harbor statement under the Private Securities Litigation Reform Act of
1995: To the extent any statements made in this release contain information
that is not historical, these statements are essentially forward-looking and
are subject to risks and uncertainties, including the difficulty of predicting
future results, the regulatory environment, fluctuations in operating results
and other risks detailed from time to time in Sparton's filings with the
Securities and Exchange Commission (SEC). The matters discussed in this press
release may also involve risks and uncertainties concerning Sparton's services
described in Sparton's filings with the SEC. In particular, see the risk
factors described in Sparton's most recent Form 10K and Form 10Q. Sparton
assumes no obligation to update the forward-looking information contained in
this press release.

Contact:

Sparton Corporation
Analyst:
Mark Schlei, 847-762-5812
mschlei@sparton.com
or
Media:
Mike Osborne, 847-762-5814
mosborne@sparton.com
or
Investor:
Institutional Marketing Services (IMS)
John Nesbett/Jennifer Belodeau
203-972-9200
jnesbett@institutionalms.com
 
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