Sparton Corporation and Ultra Electronics - USSI Joint Venture (ERAPSCO) Awarded $5.8 Million for U.S. Navy Sonobuoy Contracts

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Sparton Corporation and Ultra Electronics - USSI Joint Venture (ERAPSCO) Awarded $5.8 Million for U.S. Navy Sonobuoy Contracts

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Florida and Indiana

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Sparton Corporation (NYSE: SPA) and Ultra Electronics - USSI, a subsidiary of Ultra Electronics Holdings plc (ULE) announce the award of subcontracts valued at $5.8 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy. ERAPSCO will provide production subcontracts in the amount of $2.8 million and $3.0 million to Sparton Electronics Florida, Inc. and USSI respectively. Production will take place at Sparton’s DeLeon Springs, FL facility as well as USSI’s Columbia City, IN facility and is expected to be completed by January 2015. ERAPSCO was awarded a contract for the AN/SSQ-53F, a passive acoustic sensor used for detection, classification, and localization of adversary submarines during peacetime and combat operations and the AN/SSQ-62E DICASS sonobuoy, an active acoustic sensor used in the final localization and attack phase of submarine prosecutions. The Q53F and Q62E sonobuoys are used to support the United States Naval Antisubmarine Forces. The primary purpose of a sonobuoy is to detect acoustic emissions or reflections from potentially hostile submarines and transmit these signals to US Navy airborne antisubmarine warfare forces. ERAPSCO is firmly committed to the development of innovative technology in supplying the U.S. Navy with quality products that help secure U.S. borders, and proud to continue in its role as a technology partner for the U.S. Navy. Safe Harbor and Fair Disclosure Statement Certain statements described in this 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, 2012, 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.