Ultra Electronics

ERAPSCO, a joint venture of Ultra Electronics and Sparton DeLeon Springs, secured a five-year IDIQ contract worth up to $1.04 billion to supply sonobuoys to the US Navy.

Ultra Electronics Ocean Systems has been awarded a $47 million firm-fixed-price contract by the U.S. Navy to supply TR-343 sonar transducer chipsets for Arleigh Burke-class destroyers. Work will be performed in Braintree, Massachusetts, through March 2024.

Irving Shipbuilding awarded the Canadian Surface Combatant design contract to Canada's Combat Ship Team, a consortium including Lockheed Martin Canada, BAE Systems, CAE, L3 Technologies, MDA and Ultra Electronics, for 15 warships to be built at Halifax Shipyard.

The joint venture of Ultra Electronics USSI and Sparton Corporation was awarded $30.1 million in foreign sales contracts.

Ultra Electronics Holdings plc agreed to acquire Sparton Corporation for $23.50 per share in cash. The transaction is expected to close no later than January 1, 2018.

ERAPSCO, a joint venture of Sparton Corp and Ultra Electronics USSI, was awarded a $30.3 million contract by the U.S. Navy for sonobuoys. Production is expected to be completed by November 2018.