Modification of Subcontract with an effective date of March | SPARTON CORP | Business Contracts



								Exhibit 10.32

CERTAIN PORTIONS OF THESE MATERIALS HAVE BEEN OMITTED BASED ON A REQUEST FOR CONFIDENTIAL TREATMENT SUBMITTED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE “SEC”). THE NON-PUBLIC INFORMATION HAS BEEN OMITTED AND HAS BEEN SEPARATELY FILED WITH THE SEC. EACH REDACTED PORTION OF THE AGREEMENT IS INDICATED BY A “[ ]” AND IS SUBJECT TO THE REQUEST FOR CONFIDENTIAL TREATMENT SUBMITTED TO THE SEC. THE REDACTED INFORMATION IS CONFIDENTIAL INFORMATION OF SPARTON CORPORATION.


	Subcontractor:			Sparton DeLeon Springs, LLC

	Effective Date:			15-Mar-18

	Subcontract Number:			ERAPS018-403

	Subcontract Modification:			Initial

	Mod Effective Date:			N/A

	Customer:			Naval Air Systems Command

	Customer Contract Number:			N00421-14-D-0025/N00019-18-F-2549

	Program:			AN/SSQ-Q125 & AN/SSQ-101B

	Total Contract Ceiling:				Fee	Exercised	100%	Funded	100%

	USSI:		46%

	Sparton:		54%					$38,276,470.92
	This subcontract is entered into by and between ERAPSCO (“ERAPSCO” or “Buyer”), a general partnership comprised of Sparton DeLeon Springs, LLC and UnderSea Sensor Systems, Inc. (“USSI” or “Seller”), with offices located at 4868 East Park 30 Drive, Columbia City, Indiana 46725 and Sparton DeLeon Springs, LLC, 5612 Johnson Lake Road, DeLeon Springs, Florida 32130 (“Sparton” or “Seller”). As such, ERAPSCO provides authorization for the Seller to perform requirements identified in the attached customer contract and as summarized herein.



	ERAPSCO/ STS					Sparton DeLeon Springs, LLC

	By:	/s/				By:	/s/

	Name	Joe Kellermeier				Name	Donellen Ray

	Title:	ERAPSCO Contract Administrator				Title:	Director of Contracts

	Date	19-Mar-18				Date	19-Mar-18




	A Sparton DeLeon Springs, LLC and Ultra Electronics UnderSea Sensor Systems Joint Venture 4868 East Park 30 Drive, Columbia City, Indiana 46725



CERTAIN PORTIONS OF THESE MATERIALS HAVE BEEN OMITTED BASED ON A REQUEST FOR CONFIDENTIAL TREATMENT SUBMITTED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE “SEC”). THE NON-PUBLIC INFORMATION HAS BEEN OMITTED AND HAS BEEN SEPARATELY FILED WITH THE SEC. EACH REDACTED PORTION OF THE AGREEMENT IS INDICATED BY A “[ ]” AND IS SUBJECT TO THE REQUEST FOR CONFIDENTIAL TREATMENT SUBMITTED TO THE SEC. THE REDACTED INFORMATION IS CONFIDENTIAL INFORMATION OF SPARTON CORPORATION.
								Page 2 of 3

	Customer Information
	Customer Name:		US Navy Navair			Technical Contact:		Tim Perry
	Contract Contact:		Adam Caudle			Phone:	812 ###-###-####
	Phone:	307 ###-###-####				Email:	*@*
	Email:	*@*				Bid Number:		FY18

	End User:	US Navy

	Contract Terms
	Contract Type:		FFP
	Period of Performance:			15-Mar-18	to	14-Mar-20
	Shipping Terms:		FOB Origin			Freight Forwarder:		NA
	Payment Terms:		Net 30			Export License Required:			No

	Subcontract Line Item Number (SLIN) Information

	SLIN: 001
	Product Description:		AN/SSQ-101B			Quantity:	[___________]
	Price:	[___________]			Delivery Date:
	Product Specifications:
	Packaging Specifications:
					SLIN Total:

	SLIN: 002
	Product Description:		AN/SSQ-125			Quantity:	[___________]
	Price:	[___________]			Delivery Date:
	Product Specifications:
	Packaging Specifications:
					SLIN Total:

	SLIN: 003
	Product Description:					Quantity:	[___________]
	Price:	[___________]			Delivery Date:
	Product Specifications:
	Packaging Specifications:
					SLIN Total:		$0.00



CERTAIN PORTIONS OF THESE MATERIALS HAVE BEEN OMITTED BASED ON A REQUEST FOR CONFIDENTIAL TREATMENT SUBMITTED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE “SEC”). THE NON-PUBLIC INFORMATION HAS BEEN OMITTED AND HAS BEEN SEPARATELY FILED WITH THE SEC. EACH REDACTED PORTION OF THE AGREEMENT IS INDICATED BY A “[ ]” AND IS SUBJECT TO THE REQUEST FOR CONFIDENTIAL TREATMENT SUBMITTED TO THE SEC. THE REDACTED INFORMATION IS CONFIDENTIAL INFORMATION OF SPARTON CORPORATION.
						Page 3 of 3

	SLIN: 004
	Product Description:			Quantity:
	Price:		Delivery Date:
	Product Specifications:
	Packaging Specifications:
			SLIN Total:		$0.00

	SLIN: 005
	Product Description:			Quantity:
	Price:		Delivery Date:
	Product Specifications:
	Packaging Specifications:
			SLIN Total:		$0.00

		Subcontract Total:			$38,276,470.92
	Miscellaneous Comments











	A Sparton DeLeon Springs, LLC. and Ultra Electronics UnderSea Sensor Systems Joint Venture 4868 East Park 30 Drive, Columbia City, Indiana 46725

Modification of Subcontract with an effective date of March 15, 2018 between Sparton DeLeon Springs, LLC and ERAPSCO