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 ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇ Springs, LLC and UnderSea Sensor Systems, Inc. (“USSI” or “Seller”), with offices located at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ and Sparton ▇▇▇▇▇▇ Springs, LLC, ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ (“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 ▇▇▇▇▇▇ Springs, LLC
	By:	/s/				By:	/s/
	Name	▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇				Name	▇▇▇▇▇▇▇▇ ▇▇▇
	Title:	ERAPSCO Contract Administrator				Title:	Director of Contracts
	Date	19-Mar-18				Date	19-Mar-18
	A Sparton ▇▇▇▇▇▇ Springs, LLC and Ultra Electronics UnderSea Sensor Systems Joint Venture ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇

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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:		▇▇▇ ▇▇▇▇▇
	Contract Contact:		▇▇▇▇ ▇▇▇▇▇▇			Phone:	▇▇▇-▇▇▇-▇▇▇▇ Ext 209
	Phone:	▇▇▇-▇▇▇-▇▇▇▇				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

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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 ▇▇▇▇▇▇ Springs, LLC. and Ultra Electronics UnderSea Sensor Systems Joint Venture ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇