Sparton announces Sonobuoy contract awards from the United States Navy
Jan 25, 2007
Sparton Corporation (NYSE:SPA) was awarded a contract for the manufacture of sonobuoys for the United States Navy. The contract is valued at approximately $13.8 Million.
The United States Navy has announced that Sparton was awarded $13.8 Million for production the Company's AN/SSQ-53F sonobuoy. The production of the sonobuoy, which will occur in the Sparton's DeLeon Springs, Florida facility, is expected to be completed by February 2009. Headquartered in Michigan, Sparton is the only U.S.-owned designer and manufacturer of sonobuoys for the U.S. Navy. Sonobuoys are dropped from various airborne platforms and utilized for search and detection of submerged submarines.
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