Sparton’s Plaistow, New Hampshire Location Lands Third Straight Raytheon 5-Star Supplier Excellence Award
By Business Wire News
By Business Wire News
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 nine manufacturing locations and four engineering design centers worldwide. Sparton’s Web site 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, 2013, 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.