Wednesday, May 22, 1:09 PM
Sparton (SPA +2.2%) gains today after saying that it and USSI, a subsidiary of Ultra Electronics Holdings, have won $8.8M in joint foreign sales contracts for the manufacture of multiple Passive and Active Sonobuoys to the South Korean Government. Production will be done from their ERAPSCO/SonobuoyTech Systems joint venture, and should be completed by March, 2014.
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