Sparton Announces $3.0M Stock Buyback Plan

Sparton Corporation SPA announces that its Board of Directors unanimously approved on August 24, 2011 the repurchase of up to $3 million of its common stock. The authorized repurchases will be made from time to time in either the open market or through privately negotiated transactions. T he timing, volume and nature of share repurchases will be at the sole discretion of management, dependent on market conditions, applicable securities laws, and other factors, and may be suspended or discontinued at any time. No assurance can be given that any particular amount of common stock will be repurchased. This repurchase program is valid for up to 24 months and may be modified, extended or terminated by the Board of Directors at any time.