Sparton Awarded Navy SeaPort-e ContractJuly 19, 2016
DELEON SPRINGS, FLA. – (Businesswire)- July 19, 2016 – Sparton Corporation (NYSE: SPA) announced that its wholly owned subsidiary, Sparton DeLeon Springs, LLC was awarded a contract under the U.S. Navy SeaPort Enhanced (SeaPort-e) Indefinite Delivery/Indefinite Quantity (ID/IQ) Multiple Award Contract (MAC). This award allows Sparton to supply a broad range of engineering and technical support services to U.S. Navy programs.
SeaPort-e is the Navy’s electronic platform for acquiring support services in 22 functional areas including Engineering, Financial Management, and Program Management. The SeaPort-e portal provides a standardized, efficient means of soliciting offers from amongst the diverse population of large and small businesses and their approved team members.
Sparton is the prime partner in a robust team of high caliber companies with a wide breath of capabilities. Sparton’s SeaPort-e team includes the following companies: Acorn Science & Innovation, Ceebus Technologies, MIRC, Savi Solutions, Seaside Group, and Triton Systems. Each team member adds to the overall synergy of the group and its ability to serve the functional areas of SeaPort-e.
“The SeaPort-e award greatly expands Sparton’s contractual reach within the U.S. Navy and the Department of Defense,” said Jim Lackemacher, Group Vice President of the Engineered Components and Products Segment. “We are excited with our selection and we look forward to working with our team members to better provide best-in-class services to the military.”
About Sparton Corporation: Sparton Corporation (NYSE:SPA), now in its 117th 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 & Biotechnology, Military & Aerospace, and Industrial & Commercial. Headquartered in Schaumburg, IL, Sparton currently has thirteen manufacturing locations and engineering design centers worldwide. Sparton’s website may be accessed at www.sparton.com.
About Triton Systems: Triton Systems, (Triton) was founded as a technology and business incubator in 1992. Headquartered in Chelmsford, MA, Triton has grown to a global footprint by taking breakthrough ideas in a broad range of disciplines and creating a series of commercial products in areas such as air, land and sea-borne sensors and specialty components, energy harvesting and signal processing. By combining our in-house technical, business and financial expertise with targeted strategic partners, we deliver creative solutions as commercial products. Triton’s website may be accessed at tritonsys.com.
About Seaside Group: Seaside Systems, Solutions & Services, Inc., DBA Seaside Group, is a Woman Owned company. Seaside is dedicated to delivering quality, timely solutions. Seaside has years of experience with a wide range of knowledge in many business areas and is dedicated to earning your business. Seaside’s website may be accessed at seasidegroup.us.
About Savi Solutions: Savi Solutions, Inc. is a fast growing Small, Women and Minority Owned Company (SWaM certified), based in the Washington DC metro area – delivering highly specialized business, technology and healthcare solutions. Savi Solution’s website can be accessed at savisolutions.biz.
About MIRC: MIRC scientists and engineers provide their customers with multidisciplinary, integrated, and cost-effective solutions to support operations in maritime environments, particularly physically complex and fragile coastal regions. MIRC provides timely, cost-effective geospatial solutions and services in support of coastal zone research, operations, and management. MIRC’s website can be accessed at mirc-us.com.
About Ceebus Technologies: Ceebus Technologies specializes in developing underwater electronic communication and location systems for divers. Ceebus Technologies’ website can be accessed at ceebus.com.
About Acorn Science & Innovation: Acorn Science & Innovation (AcornSI) is focused on providing technology-based solutions and services to the US Government and its partners. Headquartered in Northern Virginia, AcornSI is a Service Disabled Veteran Owned Small Business (SDVOSB) that solves our customer’s toughest problems through the creation and use of emerging technologies. AcornSI’s website can be accessed at acornsi.com.
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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