Mercury Systems receives $17M order for advanced data transfer systems
August 12 2021 - 4:15PM
Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in
trusted, secure mission-critical technologies for aerospace and
defense, announced it received a $17 million order from the U.S.
Naval Air Warfare Center’s Aircraft Division (NAWC-AD) for Advanced
Data Transfer Systems (ADTS) for deployment across multiple
rotary-wing and tilt-rotor platforms. The ADTS, a rugged data,
video, and audio loader and recorder with cybersecurity capability,
is used for moving mission data securely to and from the aircraft
for pre- and post-mission analysis.
The order is part of a firm-fixed-price, indefinite
delivery/indefinite quantity (IDIQ) contract award worth up to
$84.9 million originally received in September 2020 by Physical
Optics Corporation, recently acquired by Mercury Systems. The $17M
delivery order was received in Mercury’s fiscal 2021 third quarter
and is expected to be delivered over the next several quarters.
"We value our long-standing partnership with NAWC-AD and are
excited about the opportunity to expand our role through the
delivery of trusted and secure ADTS technology solutions across
multiple platforms,” said Jay Abendroth, vice president and general
manager, Mercury Mission. “The IDIQ allows Mercury to fulfill our
commitment to deliver critical purpose-built solutions to the Naval
air fleet and further strengthens our position as a leader in
making commercial technology profoundly more accessible to
aerospace and defense.”
Mercury envisions, creates and delivers innovative technology
solutions purpose-built to meet its customers most pressing
high-tech needs. For more information, visit mrcy.com or contact
Mercury at (866) 627-6951 or info@mrcy.com.
Mercury Systems – Innovation That Matters®
Mercury Systems is a global commercial technology company serving
the aerospace and defense industry. Headquartered in Andover,
Mass., the company delivers trusted, secure open architecture
processing solutions powering a broad range of mission-critical
applications in the most challenging and demanding environments.
Inspired by its purpose of delivering Innovation that Matters, By
and For People Who Matter, Mercury helps make the world a safer,
more secure place for all. To learn more, visit mrcy.com, or follow
us on Twitter.
NAVAIR Public Release 2021-423 Distribution
Statement A – “Approved for public release; distribution is
unlimited”
Forward-Looking Safe Harbor StatementThis press
release contains certain forward-looking statements, as that term
is defined in the Private Securities Litigation Reform Act of 1995,
including those relating to the products and services described
herein and to fiscal 2021 business performance and beyond and the
Company’s plans for growth and improvement in profitability and
cash flow. You can identify these statements by the use of the
words “may,” “will,” “could,” “should,” “would,” “plans,”
“expects,” “anticipates,” “continue,” “estimate,” “project,”
“intend,” “likely,” “forecast,” “probable,” “potential,” and
similar expressions. These forward-looking statements involve risks
and uncertainties that could cause actual results to differ
materially from those projected or anticipated. Such risks and
uncertainties include, but are not limited to, continued funding of
defense programs, the timing and amounts of such funding, general
economic and business conditions, including unforeseen weakness in
the Company’s markets, effects of epidemics and pandemics such as
COVID, effects of any U.S. federal government shutdown or extended
continuing resolution, effects of continued geopolitical unrest and
regional conflicts, competition, changes in technology and methods
of marketing, delays in completing engineering and manufacturing
programs, changes in customer order patterns, changes in product
mix, continued success in technological advances and delivering
technological innovations, changes in, or in the U.S. Government’s
interpretation of, federal export control or procurement rules and
regulations, changes in, or in the interpretation or enforcement of
environmental rules and regulations, market acceptance of the
Company’s products, shortages in components, production delays or
unanticipated expenses due to performance quality issues with
outsourced components, inability to fully realize the expected
benefits from acquisitions, restructurings and value creation
initiatives such as 1MPACT, or delays in realizing such benefits,
challenges in integrating acquired businesses and achieving
anticipated synergies, increases in interest rates, changes to
industrial security and cybersecurity regulations and requirements,
changes in tax rates or tax regulations, changes to interest rate
swaps or other cash flow hedging arrangements, changes to generally
accepted accounting principles, difficulties in retaining key
employees and customers, unanticipated costs under fixed-price
service and system integration engagements, and various other
factors beyond our control. These risks and uncertainties also
include such additional risk factors as are discussed in the
Company’s filings with the U.S. Securities and Exchange Commission,
including its Annual Report on Form 10-K for the fiscal year ended
July 3, 2020. The Company cautions readers not to place undue
reliance upon any such forward-looking statements, which speak only
as of the date made. The Company undertakes no obligation to update
any forward-looking statement to reflect events or circumstances
after the date on which such statement is made.
CONTACTRobert McGrail, Director of
Corporate CommunicationsMercury Systems Inc.+1 (978)
967-1366 | robert.mcgrail@mrcy.com
Mercury Systems and Innovation That Matters are registered
trademarks of Mercury Systems, Inc. Other product and company names
mentioned may be trademarks and/or registered trademarks of their
respective holders.
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