Adds bronze in the newly created “Affordability” category
SCHAUMBURG, Ill.–(BUSINESS WIRE)–Jun. 25, 2015–Sparton Corporation (NYSE:SPA) an industry leader in the design and manufacture of highly-complex electronic and electromechanical devices was recognized for its outstanding performance as a supplier to Raytheon Integrated Defense Systems(IDS) at the Supplier Excellence Conference held in Foxboro, Massachusetts on May 28, 2015.
Raytheon’s Integrated Defense Systems business instituted the annual Supplier Excellence Awards program to recognize suppliers who have provided outstanding service and partnership in exceeding customer requirements. Award candidates are judged on certain criteria, including overall quality, on-time delivery and demonstrated commitment to continuous improvement. A 5-Star recognition is the highest level of recognition a Raytheon’s Integrated Defense Systems business supplier can achieve for excellence in quality and performance, and Sparton was one of 12 companies selected.
In addition to achieving the 5-Star Award for performance in 2014, Sparton was recognized for its performance in the Affordability category with a Bronze Award. The special Affordability award recognizes the recipient for working in partnership with Raytheon to identify cost reduction opportunities and ensure market competitiveness for the Patriot Air and Missile Defense program.
Sparton’s Plaistow, NH facility supplies sub-assemblies for the Patriot Air and Missile Defense System, Zumwalt Class Destroyer, and THAAD & AN/TPY-2 Radar Systems programs.
“Receiving this prestigious honor three years in a row is a remarkable achievement,” said Jamie Shaddix, Group Vice President Mil/Aero Manufacturing Services for Sparton Corporation. “Achieving a 100% score on these challenging metrics in a single year is difficult enough, but to do it three years running is extraordinary. This award validates the effectiveness of the Sparton Production System and exemplifies our employees’ dedication to excellence,” he added.
About Sparton Corporation
Sparton Corporation (NYSE:SPA), now in its 115th 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 twelve manufacturing locations and five engineering design centers worldwide. Sparton’s Web site may be accessed at www.sparton.com.
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Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: To the extent any statements made in this release contain information that is not historical, these statements are essentially forward-looking and are subject to risks and uncertainties, including the difficulty of predicting future results, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in Sparton’s filings with the Securities and Exchange Commission (SEC). The matters discussed in this press release may also involve risks and uncertainties concerning Sparton’s services described in Sparton’s filings with the SEC. In particular, see the risk factors described in Sparton’s most recent Form 10K and Form 10Q. Sparton assumes no obligation to update the forward-looking information contained in this press release.
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