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Sparton To Acquire Aydin Displays, Inc.



  Sparton To Acquire Aydin Displays, Inc.

  * Acquisition Expected to Provide $18 Million in Annual Revenue
  * Adds Engineered Product Content of Enhanced Flat Panel Display and
    Touch-Screen Solutions

Business Wire

SCHAUMBURG, Ill. -- August 20, 2013

Sparton Corporation (NYSE: SPA) announces 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.

Aydin Displays, Inc., a subsidiary of Video Display Corp. (NASDAQ: VIDE),
located in Birdsboro, Pennsylvania, develops enhanced flat panel display and
touch-screen solutions with application-critical performance criteria
including ruggedization, high resolution, color accuracy, response/refresh
times, sunlight readability and other criteria such as magnetic interference
and noise/TEMPEST emissions for the Military & Aerospace and Civil Marine.
These products are currently specified in the P8A behind-the-cockpit control
center, the command and control centers of many U.S. Navy ships, FAA air
traffic control systems, and cockpit command centers for various civil marine
applications. Once the transaction is complete, the company will continue to
operate as Aydin Displays.

"The addition of Aydin Displays meets one aspect of our growth strategy by
providing engineered product content to further enhance our capabilities
within the electromechanical value stream,” stated Cary B. Wood, president and
chief executive officer of Sparton. “Additionally, Aydin’s products are an
integral part of the P8A program, as are our sonobuoy products. We also
believe we will be able to enhance the solutions selling approach of both
Aydin Displays and our Defense & Security Systems business segment to the
Department of Defense and other prime defense contractors, as well as key
customers located across the globe.”

“We look forward to joining the Sparton team,” stated Art Mengel, president
and general manager of Aydin Displays. “With the additional support and
enhanced capabilities Sparton has to offer, we expect to be able to fulfill
our customers’ needs in a more timely and effective manner as well being able
to pursue the sales of our products and solutions into alternate end markets.”

“As Sparton continues to implement its strategic growth plan, we plan to meet
our growth expectations by focusing on new business development, internal
product research and development, and complementary and compatible
acquisitions. We are pleased to have Aydin Displays joining the Sparton family
and look forward to the added content it provides as well as the potential
domestic and foreign cross-selling opportunities with our Defense & Security
Systems business segment,” Mr. Wood concluded.

The transaction is expected to close within 30 days and will be funded through
Sparton’s existing cash balances and borrowings under the credit facility
currently in place with BMO Harris Bank.

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
www.sparton.com.

About Aydin Displays, Inc.

Aydin Displays is a leading provider in display manufacturing technology,
servicing the industrial, military and air traffic control industries. Aydin
offers a variety of industrial displays, rugged Military/COTS Flat Panel
Displays, Military Panel PC Workstations, and Air Traffic Control Displays
ranging in size from 6.4" to 57" now with the added capability of TEMPEST and
TEMPEST certification. For more information, visit Aydin's web site at
www.aydindisplays.com.

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:

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