Dépêches

Tampa Microwave Partners with Sparton Complex Systems

Dépèche transmise le 15 avril 2011 par Business Wire

BROOKSVILLE, Fla.--(BUSINESS WIRE)--Sparton Corporation (NYSE: SPA), a manufacturer of complex and reliable electronic and electro-mechanical products, sub-assemblies and related services to the highly regulated Defense & Security, Aerospace, Medical, and Industrial markets, today announces that its Complex Systems business received an initial contract manufacturing award from Tampa Microwave, located in Tampa, Florida.

“This contract win is another example that our new business development efforts are beginning to gain traction and we are excited by the opportunity to work with Tampa Microwave as their extended manufacturing arm.”

Tampa Microwave is a leading provider of man portable and VSAT satellite terminals, specialized communications test equipment, microwave modules / components and custom communication system design services. They are committed to the design and manufacture of technically superior, reliable communications related systems and sub-systems for the defense and commercial satellite industries.

“Our decision to partner with Sparton was driven by their demonstrated quality and production process maturity. Due to accelerating demand for our TM-X850MP X-band satellite communications terminal, Tampa Microwave must scale our production rate without compromising the performance, robustness and long term reliability of our design,” said company President, Eric Guerrazzi. “We have chosen Sparton to play a significant role in facilitating the successful execution of our Manpack program by utilizing their expertise in high rate circuit card manufacturing. We look forward to working with them to make this important new product available to our war fighters and Federal agencies in the significant quantities that will be required.”

Sparton will provide manufacturing services at its Brooksville, Florida operation utilizing its internal circuit card assembly capability, contemporary quality tools, and collaborative manufacturing process.

“Partnering and collaborating with our customers to ensure mutual success is one of our corporate values,” commented Cary Wood, President & CEO of Sparton Corporation. “This contract win is another example that our new business development efforts are beginning to gain traction and we are excited by the opportunity to work with Tampa Microwave as their extended manufacturing arm.”

About Sparton Corporation

Sparton Corporation (NYSE:SPA), now in its 111th year, is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, and field service. The primary market classifications served are Navigation & Exploration, Defense & Security, Medical, and Complex Systems. Headquartered in Schaumburg, IL, Sparton currently has five manufacturing locations worldwide. Sparton's Web site may be accessed at http://www.sparton.com.

About Sparton Complex Systems

Complex Systems is a one-stop supplier for the designing, engineering, and manufacturing of complex electronics, electromechanical products, and sub-assemblies and is vertically integrated to provide its customers with seamless development of electronics-based solutions - from inception through the product life cycle. We offer a diverse and highly skilled group of engineers that focus on maximizing efficiency and cost containment at various steps in the process for businesses of all types. As box build specialists, Sparton is an intelligent source and ideal partner for development firms and OEMs for low to medium volume/high complexity systems.

About Tampa Microwave

Tampa Microwave, a Veteran owned small business, provides man-pack, man-portable, and Fly-Away satellite ground terminal solutions to Department of Defense and commercial customers. Since 1983, they have furnished microwave components, specialized test equipment, satellite simulators and now full terminals in X, Ku and Ka bands to government customers and prime contractors worldwide. Visit them at www.tampamicrowave.com.

Safe Harbor and Fair Disclosure Statement

Certain statements described in this press release are forward-looking statements within the scope of the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements may be identified by the words “believe,” “expect,” “anticipate,” “project,” “plan,” “estimate,” “will” or “intend” and similar words or expressions. These forward-looking statements reflect Sparton’s current views with respect to future events and are based on currently available financial, economic and competitive data and its current business plans. Actual results could vary materially depending on risks and uncertainties that may affect Sparton’s operations, markets, prices and other factors. Important factors that could cause actual results to differ materially from those forward-looking statements include, but are not limited to, Sparton’s financial performance and the implementations and results of its ongoing strategic initiatives. For a more detailed discussion of these and other risk factors, see Part I, Item 1A, Risk Factors and Part II, Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, in Sparton’s Form 10-K for the year ended June 30, 2009, and its other filings with the Securities and Exchange Commission. Sparton undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.