Sparton Wins $17.9 Million Navy Contract

Before you go, we thought you'd like these...
Before you go close icon

On Thursday, Sparton Corporationannounced that its ERAPSCO joint venture with Britain's Ultra Electronics Holdings has won a $17.9 million contract to produce sonobuoys for the U.S. Navy.

The sonobuoys in question are designated AN/SSQ-125 MAC Source Sonobuoys, and are used in anti-submarine warfare -- dropped by sub-hunting planes, such as Boeing's P-8 Poseidon, or Lockheed Martin's P-3 Orion in the vicinity of enemy subs, to help localize their targets. They are expendable (meaning they need to be replaced as they are used), and use multistatic active coherent sonar to detect targets.

Delivery of the sonobuoys is scheduled for March 2015.

The article Sparton Wins $17.9 Million Navy Contract originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners