Sparton Showcases Future Naval Capability
September 13, 2016
DE LEON SPRINGS, Fla. – (Businesswire)- September 13, 2016 – Sparton Corporation (NYSE: SPA) announces the successful demonstration of their maritime payload delivery system at the ANTX (Annual Navy Technology Exercise) hosted by NUWC (Naval Undersea Warfare Center) in Newport, RI on August 16 – 18. Sparton, working closely with NUWC and industry partners, demonstrated the launch of an unmanned aerial vehicle (UAV) from Sparton’s Hammerhead system. This technology provides the Navy with a capability not previously available. The demonstration provided additional opportunities to enhance a product planned for fleet use in the near future.
Jim Lackemacher, Group Vice President of Sparton’s Engineered Components and Products segment stated, “We are excited about the Hammerhead product which represents our next step in the evolution of maritime payload delivery systems and demonstrates our ability to leverage our traditional sonobuoy technologies to meet new Navy requirements. I’d also like to recognize AeroVironment for their instrumental contributions to this effort.”
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.
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.
Contact
Investors:
Institutional Marketing Services (IMS)
John Nesbett/Jennifer Belodeau, 203-972-9200
jnesbett@institutionalms.com
or
Company:
Sparton Corporation
Joseph McCormack, 847-762-5812
jmccormack@sparton.com