Home » News » FTSE 250 » Ultra Electronics Holdings plc and Sparton DeLeon Springs Joint Venture
Ultra Electronics Holdings PLC

Ultra Electronics Holdings plc and Sparton DeLeon Springs Joint Venture

Ultra Electronics Holdings plc (LON: ULE) and Sparton DeLeon Springs, LLC announced today the award of an IDIQ contract valued at Not-to-Exceed amount of $1.04B to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy. The contract provides the base year award of a five year Indefinite Delivery Indefinite Quantity (IDIQ) contract.

ERAPSCO will provide production subcontracts in support of the USN FY19 base year delivery order in the amount of $75.75M and $75.26M to Ultra Electronics USSI and Sparton. Production will take place at Sparton’s DeLeon Springs, FL facility as well as Ultra’s Columbia City, IN facility.

Simon Pryce, Chief Executive Officer of Ultra Electronics commented:

“I am very pleased that we have secured this important contract for Ultra and that we will continue to provide critical sensor capabilities to the US Navy for many years ahead. This contract is a reflection of the increased focus on anti-submarine warfare by the US Navy and ERAPSCO’s strength and expertise in this area.”

William Toti, CEO of Sparton ECP commented:

“Hundreds of Sparton employees work tirelessly, day and night, with our Fleet Sailors always in mind. It’s Sparton’s great honor to provide both innovative technology and a stable industrial base for our undersea forces.”