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Sparton Corporation Announces the Award of a Record Level of New Business
December 11, 2007 |Estimated reading time: 2 minutes
Electronic Design and Manufacturing Service (EMS) provider Sparton Corporation (NYSE:SPA) has announced that the Company has secured a record number of new business opportunities for the Company, which are expected to be in new product start up over the next 12-18 months.
Sparton has received notices of awards for new business from six different customers in the aerospace and medical device markets. The additional new business is projected to be worth in excess of $50 million dollars annually in new sales when fully transitioned.
In aerospace, Sparton will begin to ramp up production for four new programs consisting of several hundred different printed circuit card assemblies. These assemblies will be produced for various aerospace applications. Sparton will provide circuit card assemblies for military aircraft such as the F-15, C-5 and the V-22. The Company will also provide engineering and manufacturing support for commercial applications, including aircraft subsystem controls as well as the latest technology in airline entertainment packages.
In medical devices, Sparton was awarded new manufacturing programs for two of the world's premier medical device manufacturers. Duane Stierhoff, Sr. Vice President of Sparton Medical Systems was pleased with the additional business which will result in Sparton placing one of the new programs in its facility in DeLeon Springs, Florida. Sparton has also completed a 20,000 square foot addition in Strongsville, allowing Sparton Medical Systems to accommodate the Company's planned business growth.
"We are very encouraged by the pace of new business growth for the Company," said Dave Hockenbrocht, CEO and President of Sparton Corporation. Mr. Hockenbrocht continues, "Our business has moved toward offering specialized services to distinctive markets, highlighting Sparton's engineering and manufacturing expertise." Sparton currently serves the aerospace, industrial, medical and scientific instrumentation, and government systems markets. The Company has employed a seamless business process throughout all of its seven manufacturing plants, providing the customer the assurance of a productive and non-disruptive life cycle for their product.
While maintaining a homogeneous business model, Sparton also recognizes the need to adhere to industry-specific guidelines and certifications. Five Sparton manufacturing facilities are certified for the Aerospace AS9100 designation. Sparton also has four facilities that are ISO 13485 certified, which is a quality standard specific to medical devices. This standard provides industry recognized guidelines for Sparton to meet the stringent FDA design and manufacturing requirements.
About Sparton Corporation
Sparton Corporation (NYSE:SPA) now in its 107th year, provides high mix, low to medium volume electronics design and manufacturing services utilizing seven manufacturing locations encompassing over 800,000-sq. ft. In addition to strong core surface mount technology (SMT) and plated through-hole (PTH), printed circuit board assembly (PCBA) and complete assembly manufacturing capabilities, Sparton offers a complete range of pre-manufacturing and post-manufacturing services. Pre-manufacturing services include product development, concurrent engineering, design for test (DFT), design for manufacturing (DFM), design for assembly (DFA), printed circuit board design and quick-turn prototyping. Post-manufacturing services range from repair depot, direct ship, distribution management to field support.