Sparton Corporation Shareholders Approve Merger with Ultra Electronics

SCHAUMBURG, Ill.–(BUSINESS WIRE)–Sparton Corporation (NYSE:SPA) announced that at a special
meeting of Sparton shareholders held earlier today, the shareholders
approved the adoption of the previously announced Agreement and Plan of
Merger dated as of July 7, 2017 by and among Sparton, Ultra Electronics
Holdings plc and Ultra Electronics Aneira Inc. The transaction remains
subject to certain other customary closing conditions and the parties
continue to work towards completion of the transaction.

About Sparton Corporation

Sparton Corporation (NYSE:SPA), now in its 118th 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 Web site may be
accessed at http://www.sparton.com/.

Safe Harbor and Fair Disclosure Statement

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. Sparton assumes no
obligation to update the forward-looking information contained in this
press release.

Contacts

Investors:
Institutional Marketing Services (IMS)
John
Nesbett/Jennifer Belodeau, 203-972-9200
[email protected]
or
Company:
Sparton
Corporation
Joseph McCormack, 847-762-5812
[email protected]