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Sparton wins $5.1bn contract to provide sonobuoy capabilities for US Navy

Elbit Systems of America subsidiary Sparton De Leon Springs has been awarded a contract to deliver sonobuoy capabilities for the US Navy. ....

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Elbit Systems of America subsidiary Sparton is one of Three Companies Awarded a joint Ceiling of $5.1 Billion For Modifications to an ID/IQ Contract to Supply Sonobuoy Capabilities to the U.S. Navy

/PRNewswire/ Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that Sparton De Leon Springs LLC, a subsidiary of Elbit. ....

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US Navy Awards $5.1Bln in Contracts for Buoys to Support Major Operations - Pentagon

WASHINGTON (Sputnik) - Lockheed Martin Corporation, Undersea Sensor Systems and Sparton De Leon Springs have won a combined $5.1 billion US Navy modification. 03.10.2022, Sputnik International ....

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Elbit Systems of America Completes Acquisition of Sparton Corporation

Elbit Systems of America Completes Acquisition of Sparton Corporation
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HAIFA, Israel, April 6, 2021 /PRNewswire/ Elbit Systems of America, LLC ( Elbit Systems of America ) has completed the acquisition of Sparton Corporation ( Sparton ) from an affiliate of Cerberus Capital Management, L.P. for $380 million, subject to customary price adjustments, resulting in a significant expansion of Elbit Systems of America in the United States.
Sparton, with its 120-year history and decades of defense experience spanning from World War I to today, is a U.S.-based premier supplier of critical undersea warfare solutions to the U.S. Navy and its allies, as well as engineered products for the defense industry. ....

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Elbit Systems' U.S. arm completes $380M Sparton buy -- Washington Technology

By Ross Wilkers
Apr 06, 2021
Elbit Systems’ U.S. subsidiary has completed its $380 million acquisition of Sparton Corp., a maker of electronic systems and sonobuoys for the Navy and other allied military organizations.
Sparton has changed its name to Sparton De Leon Springs and will operate as a subsidiary of its acquirer with an independent board of directors so it can focus on undersea business activities at higher levels of sensitivity, Elbit Systems of America said Tuesday.
The new proxy board members are veteran defense sector executives Kenneth Krieg and Brett Lambert, plus retired Navy admiral Timothy Keating. Sparton CEO Bill Toti has transitioned over to be president of the new Sparton De Leon Springs entity. ....

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