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BRIEF-Ultra Electronics USSI and Sparton Corporation JV awarded U.S. Navy Sonobuoy contract
May 15, 2017 / 12:44 PM / 7 months ago

BRIEF-Ultra Electronics USSI and Sparton Corporation JV awarded U.S. Navy Sonobuoy contract

May 15 (Reuters) - Sparton Corp

* Ultra Electronics USSI and Sparton Corporation joint venture (ERAPSCO) awarded $77.6 million for U.S. Navy Sonobuoy contract

* Co and Ultra Electronics Holdings awarded subcontracts valued at $77.6 million to their ERAPSCO joint venture

* Erapsco will provide production subcontracts in amount of $36.1 million to Ultra Electronics USSI

* Erapsco will provide production subcontracts in amount of $41.5 million to Sparton De Leon Springs

* Sparton- production expected to be completed by April 2019 Source text for Eikon: Further company coverage:

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