SCHAUMBURG, IL — (CRWENEWSWIRE) — Sparton Corporation (NYSE:SPA) today announced that it has been awarded a contract by Australia to manufacture the AN/SSQ-62E and AN/SSQ-53F sonobuoys. The award is valued at approximately $7.6 million and will be manufactured at Sparton’s De Leon Springs, FL facility for a May 2012 delivery.

Sparton was previously awarded $9.7 million in contracts by Canada, Norway, and Brazil for the AN/SSQ-53F, AN/SSQ-62E, and AN/SSQ-36B sonobuoys which were delivered in the first half of the Company’s current fiscal year.

“Sparton’s Defense & Security Systems business segment continues to supply our leading-edge products to foreign nations to assist their border protection,” said President & CEO, Cary Wood. “Our selection for these awards demonstrates Sparton’s ongoing, strategic progress into markets outside the U.S.”

The primary purpose of a sonobuoy is to detect acoustic emissions or reflections from potentially hostile submarines and transmit these signals to airborne antisubmarine warfare forces.

Headquartered in Illinois, Sparton is the only U.S.-owned designer and manufacturer of various sonobuoy products for the U.S. and other free-world nations.

About Sparton Corporation

Sparton Corporation, now in its 112th 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, Military & Aerospace, and Industrial & Instrumentation. Headquartered in Schaumburg, IL, Sparton currently has five manufacturing locations worldwide. Sparton’s Web site may be accessed at http://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.

Source: Sparton Corporation

Contact:
Analysts:
Sparton Corporation
Greg Slome, 847-762-5812
gslome@sparton.com
or
Media:
Sparton Corporation
Mike Osborne, 847-762-5814
mosborne@sparton.com
or
Investors:
Institutional Marketing Services
John Nesbett or Jennifer Belodeau, 203-972-9200
jnesbett@institutionalms.com

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