Sparton Corporation Announces Sonobuoy Contract Awards from the United States Navy

(JACKSON, MICHIGAN)-February 25, 2003-Electronic design and manufacturing service (EMS) provider, Sparton Corporation (NYSE:SPA) announced today it has been awarded two contracts for the manufacture of sonobuoys for the United States Navy.

The U.S. Navy contracts are for the procurement of 6,303 Q-62E active sonobuoys ($7.2 million) and 30,636 Q-53F passive sonobuoys ($14.2 million). The U.S. Navy contracts awarded to Sparton represent 67% of the total contract dollars awarded for these two sonobuoy types. Final assembly of these contracts will be completed in Sparton’s DeLeon Springs, Florida facility in the next 12 to 18 months.

Additional U.S. Navy awards are expected to be announced in the next 30 to 90 days.

Headquartered in Michigan, Sparton is the only competitive U.S.-owned designer and manufacturer of sonobuoys for the U.S. Navy. Sonobuoys are search and detection devices deployed from aircraft and used in the defense of U.S. fleets.

Sparton Corporation (NYSE:SPA) now in its 103rd 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.

“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 the Company’s filings with the Securities and Exchange Commission.