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Sparton Corp (SPA.N)

SPA.N on New York Stock Exchange

18.44USD
14 Dec 2018
Change (% chg)

$0.03 (+0.16%)
Prev Close
$18.41
Open
$18.40
Day's High
$18.44
Day's Low
$18.35
Volume
267,118
Avg. Vol
25,060
52-wk High
$23.28
52-wk Low
$11.97

Latest Key Developments (Source: Significant Developments)

Sparton Corp To Be Acquired By Cerberus
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Sparton Corp ::SPARTON CORPORATION TO BE ACQUIRED BY CERBERUS.SPARTON CORPORATION TO BE ACQUIRED BY CERBERUS.SPARTON CORP - DEAL FOR $18.50 PER SHARE IN CASH..SPARTON CORP BOARD OF DIRECTORS HAS UNANIMOUSLY APPROVED AGREEMENT.SPARTON CORP - DEBT FINANCING FOR TRANSACTION IS BEING PROVIDED BY ACCOUNTS MANAGED BY TCW ASSET MANAGEMENT COMPANY.SPARTON CORP - DEBT FINANCING FOR TRANSACTION IS ALSO BEING PROVIDED BY ACCOUNTS MANAGED BY MSD PARTNERS, L.P.SPARTON - ENTERED AGREEMENT TO BE ACQUIRED BY AN AFFILIATE OF CERBERUS CAPITAL MANAGEMENT.  Full Article

Sparton, Raytheon Partner On Mine Neutralization System
Wednesday, 16 May 2018 

May 16 (Reuters) - Raytheon Co ::SPARTON CORP - WILL TEAM WITH RAYTHEON TO SUPPORT DESIGN, TEST, AND DEPLOYMENT OF BARRACUDA MINE NEUTRALIZATION SYSTEM.  Full Article

Sparton Corporation Qtrly Earnings Per Share OF $0.06
Thursday, 10 May 2018 

May 9 (Reuters) - Sparton Corp ::SPARTON CORPORATION REPORTS FISCAL 2018 THIRD QUARTER RESULTS.Q3 SALES $93.9 MILLION.QTRLY EARNINGS PER SHARE OF $0.06.QTRLY ADJUSTED EARNINGS PER SHARE OF $0.22.MDS SEGMENT BACKLOG OF $149 MILLION AT QUARTER END.  Full Article

Ultra Electronics And Sparton Corp JV gets $70.3M For U.S. Navy Sonobuoy Contracts
Tuesday, 8 May 2018 

May 8 (Reuters) - Sparton Corp ::ULTRA ELECTRONICS USSI AND SPARTON CORPORATION JOINT VENTURE (ERAPSCO) AWARDED $70.3M FOR U.S. NAVY SONOBUOY CONTRACTS.SPARTON - ERAPSCO TO PROVIDE PRODUCTION SUBCONTRACTS OF $32.0 MILLION AND $38.3 MILLION TO ULTRA ELECTRONICS USSI, SPARTON DE LEON SPRINGS, LLC RESPECTIVELY.  Full Article

Sparton Corp Says Units Entered Amendment To Credit And Guaranty Agreement
Monday, 7 May 2018 

May 7 (Reuters) - Sparton Corp ::SPARTON CORP - ON MAY 3, CO, UNITS ENTERED AMENDMENT NO. 5 TO AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT DATED SEPT 11, 2014.SPARTON CORP - UNDER AMENDMENT TERMS, REVOLVING CREDIT FACILITY IS REDUCED FROM $125 MILLION TO $120 MILLION - SEC FILING.  Full Article

Sparton Corporation To Supply Bae Systems With More Than $13 Million In Ruggedized Displays
Monday, 26 Mar 2018 

March 26 (Reuters) - Sparton Corp ::SPARTON CORPORATION TO SUPPLY BAE SYSTEMS WITH MORE THAN $13 MILLION IN RUGGEDIZED DISPLAYS.SPARTON CORP - BEEN AWARDED CONTRACT WORTH OVER $13 MILLION TO SUPPLY BAE SYSTEMS WITH RUGGEDIZED FLAT PANEL DISPLAYS FOR PROGRAM SUPPORTING NAVY.  Full Article

Sparton Corporation reports Fiscal 2018 first quarter results
Friday, 10 Nov 2017 

Nov 9 (Reuters) - Sparton Corp :Sparton Corporation reports Fiscal 2018 first quarter results.Q1 sales $82.8 million.Q1 adjusted earnings per share $0.00.Q1 loss per share $0.29.  Full Article

Sparton, on June 30, co, units that are loan parties entered into amendment no.4
Tuesday, 4 Jul 2017 

July 3 (Reuters) - Sparton Corp ::Sparton-On June 30, co, units that are loan parties entered into amendment no. 4 to amended, restated credit, guaranty agreement dated as of Sept 11, 2014.Sparton Corp - ‍amendment reduces revolving credit facility amount from $175 million to $125 million - sec filing.Sparton Corp - ‍amendment eliminates existing $50 million optional increase in revolving credit facility​.Sparton Corp - ‍amendment reduces amount of permitted indebtedness of foreign subsidiaries at any time outstanding from $10 million to $5​ million.  Full Article