Sparton's Defense and Security Systems Awarded DARPA Contract for Upward Falling Payloads Program
Sparton's Defense and Security Systems Awarded DARPA Contract for Upward Falling Payloads Program
DE LEON SPRINGS, Fla.--(BUSINESS WIRE)-- Sparton Corporation (NYS: SPA) was awarded a Phase 1 contract for the Defense Advanced Research Projects Agency (DARPA) Upward Falling Payload (UFP) program. Sparton, under the UFP program, will design a system intended to live on the sea floor and release payloads. This enablement would represent a game changing capability for mission commanders. Sparton will leverage their 60 year legacy of developing and delivering solutions for the Undersea Warfare (USW) and Anti-Submarine Warfare (ASW) domains to develop a Universal Payload Delivery System module for the UFP program.
The Applied Physics Lab at the University of Washington will be a part of the Sparton team to provide additional deep ocean design expertise.
"We have enjoyed working and collaborating with Sparton several times over the past few years and we are pleased to be working with them again," said Bob Miyamoto, Director for Defense and Industry Programs for the APL-UW.
"Sparton is energized by the opportunity and eager for the collaboration to execute on the delivery system module," said Jim Lackemacher, Vice President and General Manager of Sparton Defense and Security Systems.
Mr. Lackemacher concluded, "We are proud to be part of the DARPA team that is designing the next generation of disruptive USW solutions. This award recognizes our continued commitment to the current and future USW/ASW innovations."
About Sparton Corporation
Sparton Corporation (NYS: SPA) , now in its 113th year, is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, field service, and refurbishment. The primary markets served are Medical, Military & Aerospace, and Industrial & Instrumentation. Headquartered in Schaumburg, IL, Sparton currently has six manufacturing locations worldwide. Sparton's Web site may be accessed at http://www.sparton.com.
About Applied Physics Laboratory at The University of Washington (APL-UW)
The Applied Physics Laboratory at the University of Washington (APL-UW) in Seattle has served society for seven decades by contributing new knowledge and technology to the national defense enterprise, industry, public-policy makers, and academia. APL-UW is one of five Department of Defense-designated University Affiliated Research Centers (UARCs) - major university research institutions providing continuous access to the highest levels of academic expertise and scientific research to the U.S. Navy. The Laboratory's expertise spans ocean physics and engineering, acoustic and remote sensing, medical and industrial ultrasound, polar science and logistics, environmental and information systems, and electronic and photonic systems.
Safe Harbor and Fair Disclosure Statement
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: To the extent any statements made in this release contain information that is not historical, these statements are essentially forward-looking and are subject to risks and uncertainties, including the difficulty of predicting future results, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in Sparton's filings with the Securities and Exchange Commission (SEC). The matters discussed in this press release may also involve risks and uncertainties concerning Sparton's services described in Sparton's filings with the SEC. In particular, see the risk factors described in Sparton's most recent Form 10K and Form 10Q. Sparton assumes no obligation to update the forward-looking information contained in this press release.
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Sparton Corporation
Mike Osborne, 847-762-5814
mosborne@sparton.com
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