reports
Sparton Corporation Reports Fiscal 2018 Third Quarter Results
SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Sparton Corporation (NYSE:SPA) today announced results for the third quarter of fiscal year 2018 ended April 1, 2018. Third Quarter Financial Results and Highlights Joseph J. Hartnett, Interim President & CEO, commented, "We are pleased with this quarter’s operating performance and the continued progress we have made in our business development efforts and improvements in operations while we continue to explore a potential sale transaction." Joseph G. McCormack, Senior Vic...
Ultra Electronics USSI and Sparton Corporation Joint Venture (ERAPSCO)...
COLUMBIA CITY, Ind. & SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Ultra Electronics Holdings plc (ULE) and Sparton Corporation (NYSE:SPA) announce the award of subcontracts valued at $70.3 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy. The award is a GFY18 ERAPSCO Indefinite Delivery Indefinite Quantity (IDIQ) contract release for sonobuoy requirements under ERAPSCO’s five year contract. ERAPSCO will provide production subcontracts in the amount of $32.0 million and $38.3 million to Ultra ...
Sparton Corporation to Supply BAE Systems with More Than $13 Million i...
BIRDSBORO, Pa.--(BUSINESS WIRE)-- Sparton Corporation (NYSE:SPA) under the brand Aydin Displays, a leader in the ruggedized displays, computers, and peripherals market has been awarded a contract worth over $13 million to supply BAE Systems with ruggedized Flat Panel Displays for a program supporting the Navy. Aydin Displays is contracted to deliver more than 600 displays over a two and a half year period. “We are extremely pleased to be continuing our work with BAE Systems by providing product capabilities that meet or excee...
Sparton Corporation and Ultra Electronics USSI Joint Venture (ERAPSCO)...
SCHAUMBURG, Ill. & COLUMBIA CITY, Ind.--(BUSINESS WIRE)-- Sparton Corporation (NYSE:SPA) and Ultra Electronics Holdings plc (ULE) announce the award of subcontracts valued at $28.4 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy. The award is a GFY18 ERAPSCO Indefinite Delivery Indefinite Quantity (IDIQ) contract release for sonobuoy requirements under ERAPSCO’s five year contract. ERAPSCO will provide production subcontracts in the amount of $17.2 million and $11.2 million to Ultra ...
Sparton Announces Termination of Merger Agreement with Ultra
SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Sparton Corporation (NYSE: SPA) today announced the termination by Sparton and Ultra Electronics Holdings plc of their July 7, 2017 merger agreement. During the review of the proposed merger by the United States Department of Justice (the “DOJ”), the United States Navy (the “Navy”) expressed the view that instead of the parties proceeding with the merger, each of Sparton and Ultra should enhance its ability to independently develop, produce and sell sonobuoys and over time work toward the e...
Sparton Corporation Reports Fiscal 2018 Second Quarter Results
SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Sparton Corporation (NYSE:SPA) today announced results for the second quarter of fiscal year 2018 ended December 31, 2017. Second Quarter Financial Results and Highlights Joseph J. Hartnett, Interim President & CEO, commented, “The operational improvements we have made over the past two years continues to drive our performance through some very challenging times. Thanks to the collective effort of the entire organization, we were able to achieve significant improvements over our fi...
Sparton Announces Extension of Outside Date Under Merger Agreement wit...
SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Sparton Corporation (NYSE:SPA) (“Sparton”) announced today that the outside date for completing the pending merger pursuant to the Agreement and Plan of Merger (the “merger agreement”), dated as of July 7, 2017, among Sparton, Ultra Electronics Holdings plc (ULE) (“Ultra”) and Ultra Electronics Aneira Inc. has been extended from January 31, 2018 to March 31, 2018. As previously disclosed, in connection with the review of the pending merger by the United States Department of Justice (the “DO...
Sparton Announces Completion of CFIUS Process
SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Sparton Corporation (NYSE:SPA) announced that on November 20, 2017 the Committee on Foreign Investment in the United States (CFIUS) completed its review process and stated that there are no unresolved national security concerns with respect to the previously announced proposed acquisition of Sparton by Ultra Electronics Holdings plc. The transaction remains subject to other governmental approvals, including clearance of the transaction under the Hart-Scott-Rodino Antitrust Improvements Act ...
Sparton Awarded Contracts for Maritime Payload Delivery Systems
DE LEON SPRINGS, Fla.--(BUSINESS WIRE)-- Sparton Corporation (NYSE:SPA), a leader in the design and development of maritime systems, announced the receipt of contract awards for the further development of Sparton’s Hammerhead maritime payload delivery canister system. The contracts include orders for engineering development and delivery of canister systems to our customers for field testing. These contracts have a total value of $1.1 million with deliveries scheduled for July 2018 and September 2018. With an established histo...
Sparton Corporation Reports Fiscal 2018 First Quarter Results
SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Sparton Corporation (NYSE:SPA) today announced results for the first quarter of fiscal year 2018 ended October 1, 2017. First Quarter Financial Results and Highlights Joseph J. Hartnett, Interim President & CEO, commented, “As a result of our recent growth in new program wins, we experienced some interruptions in production and increased inventory levels which is typical with new program introductions. We believe that the backlog from these programs has us positioned for growth in ...
Sparton Corporation and Ultra Electronics USSI Joint Venture for Sonob...
SCHAUMBURG, Ill. & COLUMBIA CITY, Ind.--(BUSINESS WIRE)-- Sparton Corporation (NYSE:SPA) and Ultra Electronics USSI, a subsidiary of Ultra Electronics Holdings plc (ULE), announce the award of subcontracts valued at $12.9M million from their ERAPSCO/SonobuoyTech Systems joint venture. ERAPSCO/SonobuoyTech Systems will provide manufacturing subcontracts in the amount of $5.7 million to Ultra Electronics USSI and $7.2 million to Sparton De Leon Springs, LLC. Production will take place at Ultra Electronics USSI’s Columbia City, ...
Sparton Releases Inertial Navigation System with Integrated SAASM GPS
DE LEON SPRINGS, Fla.--(BUSINESS WIRE)-- Sparton Corporation (NYSE:SPA) announced the release of the INS-20. The INS-20 is the first of its kind – a MEMS-based Inertial Navigation System (INS) that integrates SAASM GPS with the industry leading heading accuracy of the Sparton AHRS-M2. The INS-20 provides fully compliant Selective Availability Anti-Spoofing Module (SAASM) GPS security with an onboard SAASM receiver. The system integrates SAASM GPS input with sensor input from the AHRS-M2 to provide a robust INS capable of oper...
Sparton Corporation Shareholders Approve Merger with Ultra Electronics
SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Sparton Corporation (NYSE:SPA) announced that at a special meeting of Sparton shareholders held earlier today, the shareholders approved the adoption of the previously announced Agreement and Plan of Merger dated as of July 7, 2017 by and among Sparton, Ultra Electronics Holdings plc and Ultra Electronics Aneira Inc. The transaction remains subject to certain other customary closing conditions and the parties continue to work towards completion of the transaction. About Sparton Corporation ...
CORRECTING and REPLACING Ultra and Sparton Receive Requests for Additi...
SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Please replace the release with the following corrected version due to multiple revisions. The corrected release reads: ULTRA AND SPARTON RECEIVE REQUESTS FOR ADDITIONAL INFORMATION FROM DOJ Ultra Electronics Holdings plc (ULE) and Sparton Corporation (NYSE:SPA) announced today that they have each received a request for additional information (the “second requests”) from the United States Department of Justice (the “DOJ”) in connection with Ultra’s pending acquisition of ...
A director sold 2,428 shares at 0.000USD and
A director at Sparton Corp sold 2,428 shares at 0.000USD and the significance rating of the trade was 64/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...
Sparton Corporation Reports Fiscal 2017 Fourth Quarter Results
SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Sparton Corporation (NYSE: SPA) today announced results for the fourth quarter of fiscal year 2017 ended July 2, 2017. Fourth Quarter Financial Results and Highlights Joseph J. Hartnett, Interim President & CEO, commented, “We are pleased to report our organic growth produced over $23 million in new programs wins for the quarter. A clear indication of the progress we are making in building a business model that supports profitable revenue growth through business development. Additi...
Sparton Corporation Announces Record Date and Meeting Date for a Speci...
SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Sparton Corporation (NYSE:SPA) (“Sparton”) announced today that it had established a record date of August 15, 2017 and a meeting date of October 5, 2017 for a special meeting of its shareholders to be held at 10 a.m., central time, at 425 North Martingale Road, Suite 1000, Schaumburg, Illinois 60173. At the special meeting, Sparton shareholders will vote on proposals to (1) adopt the Agreement and Plan of Merger, dated as of July 7, 2017 (the “merger agreement”), by and among Sparton, Ultr...
SPARTON CORPORATION (SPA) SHAREHOLDER ALERT – Andrews & Springer LLC...
WILMINGTON, Del.--(BUSINESS WIRE)-- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential securities violation claims and breach of fiduciary duty claims against Sparton Corporation (NYSE: SPA) (“Sparton Corporation” or the “Company”). If you currently own shares of Sparton Corporation and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-inv...
Ultra Electronics USSI and Sparton Corporation Joint Venture for Sonob...
COLUMBIA CITY, Ind. & SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Ultra Electronics USSI, a subsidiary of Ultra Electronics Holdings plc (ULE) and Sparton Corporation (NYSE:SPA), announce the award of subcontracts valued at $35.9M million from their ERAPSCO/SonobuoyTech Systems joint venture. ERAPSCO/SonobuoyTech Systems will provide manufacturing subcontracts in the amount of $21.3M million to Ultra Electronics USSI and $14.6M million to Sparton De Leon Springs, LLC. Production will take place at Ultra Electronics USSI’s Columbia City, IN fa...
SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Pr...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Sparton Corporation (“Sparton” or the “Company”) (NYSE: SPA) relating to the proposed buyout of Sparton by Ultra Electronics Holdings plc. Under the terms of the agreement, Sparton shareholders are anticipated to receive $23.50 in cash for each share of Sparton common stock held. ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.