A Sparton Electronics Florida, Inc. and Ultra Electronics UnderSea Sensor Systems Joint Venture Columbia City, Indiana ###-###-####: DeLeon Springs, Florida ###-###-####
Exhibit 10.18
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.
| 4578 East Park 30 Drive Columbia City, Indiana USA ###-###-#### |
| Subcontractor: | Sparton Electronics Florida, Inc. | |
| Subcontract Number: | ERAPS011-106 | |
| Subcontract Modification: | Mod 1 (P00002) | |
| Effective Date: | 20 June 2011 | |
| Customer: | US Navy - NAWCAD | |
| Customer Contract Number: | N00421-11-C-0030 | |
| Program: | Common Buoy | |
| Total Contract Value: | $57,805,478.64 | |
| USSI: | $25,564,769.61 | |
| Sparton: | $32,240,709.03 |
This subcontract is entered into by and between ERAPSCO (“ERAPSCO” or “Buyer”), a general partnership comprised of Sparton Electronics Florida, Inc. and UnderSea Sensor Systems Inc. (“USSI” or “Seller”), with offices located at 4578 East Park 30 Drive, Columbia City, Indiana 46725 and Sparton Electronics Florida, Inc., 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 | Sparton Electronics, Florida, Inc.. | |||||||
| By: | /s/ Dave Jost | By: | /s/ J. Lackemacher | |||||
| Name: | Dave Jost | Name: | J. Lackemacher | |||||
| Title: | General Manager | Title: | VP DSS | |||||
| Date: | _________________ | Date: | _________________ | |||||
A Sparton Electronics Florida, Inc. and Ultra Electronics UnderSea Sensor Systems Joint Venture
Columbia City, Indiana ###-###-####: DeLeon Springs, Florida ###-###-####
[ ] CONFIDENTIAL TREATMENT REQUESTED BY SPARTON CORPORATION.
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: NSWC (Pax) | Bid Log No.: 10,692 | |
| Customer Contact: Jessica Flynn | Contract: N00421-11-D-0030 | |
| Technical Contact: | ||
| Purchasing Contact: same | Chuck Kimble | |
| Phone: 301 ###-###-#### | Phone: | |
| Fax: | Fax: | |
Product Information
| Model No.: | AN/SSQ-36B AN/SSQ-62E AN/SSQ-53F | USML Category: | XI(2)(a) | NSN: | N/A | |||||||||||||||||||||||||||||||||||||||||
| Product Name: | Bathythermograph, DICASS, DTFAR | |||
| Packaging: | Per Contract PSS Rev A Chg 1 17 March 2011 and Appendix D and C Rev 3 March 2011 | |||||||||||||||||||||||||||||||||||||||||||
| Product Specification: | Per Contract PSS Rev A Chg 1 dated 17 March 2011 and associated Appendix | |
| Requested Modification(s): | Data Items: per CDRL |
| Requested Schedule | ||
| Description: | Common Sonobuoy Quantity: Start: 08 April 11 Complete: 31 March 13 | |
| Production: | yes | |
| Notes: | SEE PRODUCTION DELIVERABLE EXHIBIT | |
| Contract Requirements | ||
| Description: Common Sonobuoy | Comments: Surge Order period valid through 30 Sept 2011 | |
| FOB Point: Columbia City/DeLeon Spings | EX-Works: N/A | |
| End User: US Navy - NAWCAD | Destination: | |
| Freight Forwarder: N/A | Domestic: N/A | |
| Phone: | ||
| Export License Application: N/A | Performance Bond: N/A | |
| Payment Terms: Net 30 | ||
| Certifications: QAR at Source | ||
| CLIN 0001 – AN/SSQ-36B Qty: [ ] / CLIN 0002 CLIN 0005 – AN/SSQ-53F Qty: [ ] CLIN 0006- AN/SSQ- 53F Qty: [ ] CLIN 0009 – AN/SSQ-62E Qty: [ ] | ||||||||||
A Sparton Electronics Florida, Inc. and Ultra Electronics UnderSea Sensor Systems Joint Venture
Columbia City, Indiana ###-###-####: DeLeon Springs, Florida ###-###-####
[ ] CONFIDENTIAL TREATMENT REQUESTED BY SPARTON CORPORATION.
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
| CLIN 0026 – CDRL’s Notes: 1) test sample Qty: [ ] 2) Q36B AQL 6.5 on all Lots 3) Performance Based Payments (See PBP Exhibit) | ||||||
| Pricing | ||||||
| Description: Common Sonobuoy | Assumptions: | |||||||
| Price: | CLIN 0001: [ ] X $[ ] = $[ ] | Del: | March 12 -March 2013 | |||||
| Price: | CLIN 0005: [ ] X $[ ] = $[ ] + CLIN 0006: [ ] X $[ ] + $[ ] = $[ ] | Del: | March 12 -March 2013 | |||||
| Price: | CLIN 0009: [ ] X $[ ] = $[ ] | Del: | March 12 -March 2013 | |||||
| Note: Add $25,222.28 for buoy unit price adjustment See ERAPS011-107 for USSI content Special Instructions: Per ERAPS010- $2,156,544 of cash to be returned upon Sparton completion of PBP KO Milestone | ||||||||
M1- Addition of Sweep up money ($[ ]). Sparton [ ] 53F buoys @ a total $ amount of $[ ] and USSI [ ] buoys @ a total dollar amount of $[ ].
A Sparton Electronics Florida, Inc. and Ultra Electronics UnderSea Sensor Systems Joint Venture
Columbia City, Indiana ###-###-####: DeLeon Springs, Florida ###-###-####
[ ] CONFIDENTIAL TREATMENT REQUESTED BY SPARTON CORPORATION.
