Sparton and Leidos Team on Acoustic Device Countermeasure MK5
06 Novembre 2018 - 2:30PM
Business Wire
Sparton Corporation (NYSE:SPA) announces it has teamed
with Leidos Maritime Systems (NYSE:LDOS) to support the Acoustic
Device Countermeasure (ADC) MK5 program. The MK5 is a Next
Generation Countermeasure (NGCM) intended to replace the ADC MK3.
The ADC MK 5 is a three-inch diameter expendable device that is
submarine launched from internal signal ejectors and is part of a
submarine’s defense against acoustic-homing torpedoes.
On 13 September, 2018, the U.S. Navy announced Leidos had been
awarded the contract (valued up to $36.1M) under a competitive
solicitation. Sparton will contribute to the contract’s scope of
work which includes the design, development, fabrication,
integration, testing, and Low Rate Initial Production of the U.S.
Navy’s MK5 program. Sparton will also provide manufacturing
services to support system fabrication.
“Sparton is excited to leverage our knowledge of maritime
acoustic communication systems, packaging, and deployment systems
for this new opportunity”, said Jim Lackemacher, Group Vice
President of the Engineered Components & Products Segment.
“Sparton looks forward to collaborating with Leidos to bring this
vital capability to the fleet.”
About Sparton Corporation:
Sparton Corporation (NYSE:SPA), now in its 119th 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, Illinois, Sparton currently has
thirteen manufacturing locations and engineering design centers
worldwide. Sparton’s web site may be accessed
at www.sparton.com.
About Leidos
Leidos is a Fortune 500® information technology,
engineering, and science solutions and services leader working to
solve the world's toughest challenges in the defense, intelligence,
homeland security, civil, and health markets. The company's 31,000
employees support vital missions for government and commercial
customers. Headquartered in Reston, Virginia, Leidos reported
annual revenues of approximately $10.17 billion for the fiscal year
ended December 29, 2017. For more information,
visit www.Leidos.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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version on businesswire.com: https://www.businesswire.com/news/home/20181106005024/en/
Investors:IMS Investor RelationsJohn Nesbett/Jennifer
Belodeau,
203-972-9200jnesbett@institutionalms.comorCompany:Sparton
CorporationJoseph McCormack, 847-762-5812jmccormack@sparton.com
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