A manufacturer of sonar transducer products and components, in December 2014 Argotec Inc was acquired by Sparton Corporation (Sparton) (NYSE:SPA) a large firm based in Illinois providing electromechanical devices with capabilities that include concept development, industrial design. Argotec was consolidated into the Navigation & Exploration (NavEx) segment of Sparton. In late Decmber 2020, it was announced that Inlbit Systems had bought the US undersea warfare company Sparton for $380m