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Slide #31. Sparton Corporation — Aubrey Group, Inc.
Sparton Corporation (SPA)
Aubrey Group, Inc.
Sparton Corporation (NYSE:SPA) announces that it completed an all-cash transaction to acquire Aubrey Group, Inc., an $8 million revenue business, on March 17, 2014. Aubrey will continue to service its current and future customers out of its Irvine, CA location.
Sparton is a provider of design, development and manufacturing services for electromechanical devices, as well as engineered products complementary to the same electromechanical value stream. Co. has two segments: manufacturing and design services, which is comprised of contract design, manufacturing, and aftermarket repair and refurbishment of printed circuit card assemblies, sub-assemblies, full product assemblies, and cable/wire harnesses for customers to bring their intellectual property to market; and engineered components and products, which is comprised of design, development and production of proprietary products for both domestic and foreign defense as well as commercial needs.
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Hold (2.00 out of 4)
(ranked higher than approx. 75% of all stocks covered)
Based on Zacks ABR data;
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