DE LEON SPRINGS, Fla.--(BUSINESS WIRE)--Sparton Corporation (NYSE: SPA) announces the successful demonstration of their maritime payload delivery system at the ANTX (Annual Navy Technology Exercise) hosted by NUWC (Naval Undersea Warfare Center) in Newport, RI on August 16 - 18. Sparton, working closely with NUWC and industry partners, demonstrated the launch of an unmanned aerial vehicle (UAV) from Sparton’s Hammerhead system. This technology provides the Navy with a capability not previously available. The demonstration provided additional opportunities to enhance a product planned for fleet use in the near future.
Jim Lackemacher, Group Vice President of Sparton's Engineered Components and Products segment stated, “We are excited about the Hammerhead product which represents our next step in the evolution of maritime payload delivery systems and demonstrates our ability to leverage our traditional sonobuoy technologies to meet new Navy requirements. I’d also like to recognize AeroVironment for their instrumental contributions to this effort.”
About Sparton Corporation: Sparton Corporation (NYSE:SPA), now in its 117th 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 & Biotechnology, Military & Aerospace, and Industrial & Commercial. Headquartered in Schaumburg, IL, Sparton currently has thirteen manufacturing locations and engineering design centers worldwide. Sparton’s website may be accessed at www.sparton.com.
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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.