| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
10 |
| Employees |
1,531 |
| Revenues (TTM) (Millions $) |
389 |
| Net Income (TTM) (Millions $) |
6 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
3 |
Business Description
Sparton Corporation is a leading provider of complex and industry-specific engineered products and services. Founded in 1900, it has over a century of expertise in designing, developing, and manufacturing innovative solutions that cater to the needs of diverse industries such as defense, industrial, medical, and communication markets.
Sparton has a long-standing reputation for providing reliable, high-quality integrated solutions that meet the specifications of its clients. The company's product portfolio includes advanced sonobuoys, rugged and reliable military computers and displays, and complex medical devices. Sparton also provides engineering, design, and manufacturing services to its clients, which include some of the leading multinational companies across the world.
The company's defense business is a significant business area, with a focus on underwater warfare solutions. Sparton's Acoustic product offering is perhaps one of the most well-known and respected in the industry. The products consist of a wide range of passive and active sonar systems, sonobuoys, and transducers that are designed to provide the latest in underwater sensing technology. The company is particularly well-known for its historic role as a manufacturer of sonobuoys, having supplied over 800,000 units to the U.S. Navy and its allies since 1954.
Sparton has also been actively involved in various industrial and commercial markets. The company develops and manufactures intricate electromechanical assemblies, sensors, and printed circuit board assemblies (PCBAs) for clients in various industries, including aerospace, automotive, and consumer products. Sparton prides itself on its design capabilities, with a full-service engineering team that can assist in the development of customized solutions based on a client's specific needs.
Additionally, Sparton's medical segment designs and manufactures FDA-regulated medical devices related to diagnostic imaging and patient monitoring. The segment also provides turnkey design and manufacturing support to medical device companies looking to outsource some or all of their design and development efforts.
Sparton is committed to excellence in all aspects of its operations. The company has a dedicated team of employees who work tirelessly to deliver top-notch products and services to its clients. Sparton's commitment to sustainability is evident in its environmental policies and the company's efforts to reduce its carbon footprint.
In conclusion, Sparton Corporation is a diversified engineering and manufacturing solutions provider with a long and illustrious history. The company has earned a reputation for delivering innovative and reliable products and services to clients across various industries, including defense, industrial, medical, and communication markets. Sparton's continued success can be attributed to its commitment to excellence, investment in cutting-edge technology and infrastructure, and a skilled workforce of engineers, designers, and manufacturers.
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