Contract

								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 XxXxxx 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 XxXxxx Springs, LLC and UnderSea Sensor Systems, Inc. (“USSI” or “Seller”), with offices located at 0000 Xxxx Xxxx 00 Xxxxx, Xxxxxxxx Xxxx, Xxxxxxx 00000 and Sparton XxXxxx Springs, LLC, 0000 Xxxxxxx Xxxx Xxxx, XxXxxx Xxxxxxx, Xxxxxxx 00000 (“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 XxXxxx Springs, LLC
	By:	/s/				By:	/s/
	Name	Xxx Xxxxxxxxxxx				Name	Xxxxxxxx Xxx
	Title:	ERAPSCO Contract Administrator				Title:	Director of Contracts
	Date	19-Mar-18				Date	19-Mar-18
	A Sparton XxXxxx Springs, LLC and Ultra Electronics UnderSea Sensor Systems Joint Venture 0000 Xxxx Xxxx 00 Xxxxx, Xxxxxxxx Xxxx, Xxxxxxx 00000

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:		Xxx Xxxxx
	Contract Contact:		Xxxx Xxxxxx			Phone:	000-000-0000 Ext 209
	Phone:	000-000-0000				Email:	xxx.xxxxx@xxxx.xxx
	Email:	xxxx.xxxxxx@xxxx.xxx				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 XxXxxx Springs, LLC. and Ultra Electronics UnderSea Sensor Systems Joint Venture 0000 Xxxx Xxxx 00 Xxxxx, Xxxxxxxx Xxxx, Xxxxxxx 00000