Sparton Corporation To Amend Its 401(K) Plan To Invest In Sparton Corporation Stock

(JACKSON, MICHIGAN)-November 20, 2001-Sparton Corporation (NYSE:SPA) announced today that it is amending its 401(k) Plan effective January 1, 2002, to have future employer match contributions in the Plan invested in Sparton Corporation Common Stock.

With this change, Sparton employees will acquire a direct ownership interest in the Company as they contribute to the Plan. This change is one of several advancements that the Company will be making to the Plan. Other changes will include an accelerated vesting schedule and increased investment options.

Sparton Corporation (NYSE:SPA) now in its 101st year, provides design engineering and electronics contract manufacturing services utilizing six manufacturing locations encompassing over 700,000 sq. ft. along with eleven alliance partner facilities throughout North America and Europe. In addition to strong core surface mount technology (SMT) and plated through-hole (PTH), printed circuit board assembly (PCBA) and complete assembly manufacturing capabilities, Sparton offers a complete range of pre-manufacturing, post-manufacturing and engineering services. Pre-manufacturing services include product development, concurrent engineering, design for test (DFT), design for manufacturing (DFM), design for assembly (DFA), printed circuit board design and quick-turn prototyping. Post-manufacturing services range from repair depot, direct ship, distribution management to field support.