Sparton’s Bill Toti Retires; Tracy Howard Tapped as Company’s Next President & CEO

DE LEON SPRINGS, FLORIDA – DEC. 9, 2021 – Sparton President and Chief Executive Officer Bill Toti has retired after leading the company for three years, including through the company’s transition to Elbit Systems of America during 2021.

 Tracy Howard is Sparton’s new President & CEO effective Dec. 8, 2021. Mr. Howard joins Sparton following his leadership of Leonardo DRS Naval Electronics business as Senior Vice President and General Manager since 2020.

“We congratulate Bill on his retirement, and thank him for his commitment to help ensure Tracy enjoys a seamless transition into his new position,” said Raanan Horowitz, President and CEO of Elbit Systems of America. “Under Bill’s strong leadership, Sparton has achieved great things, and is poised for an exciting future of growth, as the leading provider of undersea warfare solutions.”

Mr. Howard is a retired United States Navy Submarine Officer, with more than 30 years of military and defense industry experience. Prior to Leonardo DRS, Mr. Howard held multiple senior leadership roles at L3 Harris and General Dynamics Mission Systems business areas.

A 1986 graduate of the U.S. Naval Academy, Mr. Howard is also the former Commanding Officer of nuclear-powered attack submarine USS SALT LAKE CITY (SSN 716), and former Commodore of Submarine Squadron SIXTEEN, where he commanded all of the U.S. Navy’s East Coast guided missile and ballistic missile submarines. His other military assignments included: serving as the Chief of Naval Operations (OPNAV) Director of Submarine Tactical Systems Integration and Future Capabilities for the Undersea Warfare Systems Directorate (N97); Eastern Europe and Eurasia Division Chief for the Joint Staff; and Homeland and National Security Advisor to the Vice President.

“Tracy has deep roots in Sparton’s customer community, and he brings a proven record of success, leading high-performing teams and achieving high-growth goals in the technology field,” said Ken Krieg, Sparton Chairman of the Board. “We are honored to have Tracy join the Elbit America team, and excited about what Sparton will accomplish under his leadership.”

With more than a 120-year history and decades of defense experience spanning from World War I, Sparton has become the partner of choice for domestic and international defense applications. As a pure-play defense supplier, Sparton focuses exclusively on providing best-in-class, innovative solutions and executing on strategic opportunities to build upon its market leadership.

About Sparton

Sparton designs, develops, and produces proprietary products for domestic and foreign defense needs. The company is a world leader in the design, development, testing and production of complex maritime electronic mechanical systems, including sonobuoys in support of Anti-Submarine Warfare, submarine deployed products supporting Undersea Warfare, and depth-rated encapsulated systems to support Subsea and Seabed Warfare. Sparton’s Undersea Warfare Solutions (“Sparton DLS”) subsidiary (Sparton DeLeon Springs, LLC) operates under a standard Proxy Agreement structure entered into with the Defense Counterintelligence and Security Agency (DCSA). Sparton’s Web site may be accessed at www.sparton.com.

About Elbit Systems of America, LLC

Elbit Systems of America, headquartered in Fort Worth, Texas, is a leading provider of high-performance products, system solutions, and support services focusing on the defense, homeland security, law enforcement, commercial aviation, and medical instrumentation markets. With facilities throughout the U.S., Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States. Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT), a global high technology company engaged in a wide range of programs for innovative defense and commercial applications. For additional information, visit: www.ElbitAmerica.com or follow us on Twitter, LinkedIn and Instagram.

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Media Contacts

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