Sparton to Buy Aydin Displays in All Cash Deal, No Terms Disclosed

Sparton Corporation SPA announces that its wholly owned subsidiary, Sparton Aydin, LLC has entered into a definitive purchase agreement to acquire certain assets and liabilities of Aydin Displays, Inc., an $18 million revenue business, in an all-cash transaction. Aydin Displays, Inc., a subsidiary of Video Display Corp. VIDE, located in Birdsboro, Pennsylvania, develops enhanced flat panel display and touch-screen solutions with application-critical performance criteria including ruggedization, high resolution, color accuracy, response/refresh times, sunlight readability and other criteria such as magnetic interference and noise/TEMPEST emissions for the Military & Aerospace and Civil Marine. These products are currently specified in the P8A behind-the-cockpit control center, the command and control centers of many U.S. Navy ships, FAA air traffic control systems, and cockpit command centers for various civil marine applications. Once the transaction is complete, the company will continue to operate as Aydin Displays.