Mercury Systems Receives $6.0M Follow-On RF Microelectronics Order for Airborne Electronic Warfare Application
January 24 2019 - 4:15PM
Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), announced it
received a $6.0 million follow-on order from a leading defense
prime contractor for precision-engineered radio frequency (RF)
microelectronics for an advanced airborne electronic warfare
application. The order was booked in the Company’s fiscal 2019
second quarter and is expected to be shipped over the next several
quarters.
Mercury Systems is a leading commercial supplier of affordable
RF and microwave solutions for electronic warfare, radar and
weapons applications. With advanced state-of-the-art modeling
tools, the Company’s advanced miniaturization and ruggedization
capabilities are uniquely positioned to address the needs of
SWaP-constrained military applications while delivering the highest
of levels of performance and reliability to the U.S.
warfighter.
“While our adversaries seek to exploit the electromagnetic
spectrum against us, we are steadfastly committed to delivering
high-performance microelectronics solutions successfully countering
these threats,” said Kevin Beals, Vice President and General
Manager of Mercury’s RF and Microwave group. “We are honored to
support our valued defense prime contractor customers and the U.S.
warfighter with long-term supply continuity of affordable RF
microelectronics designed and manufactured in our scalable Advanced
Microelectronics Centers.”
For more information on Mercury’s broad portfolio of RF and
microwave solutions for defense applications, visit
http://www.mrcy.com/rf/ or contact Mercury at (866) 627-6951 or
RF.Microwave@mrcy.com.
Mercury Systems – Innovation That
Matters®Mercury Systems is a leading commercial provider
of secure sensor and safety-critical processing subsystems.
Optimized for customer and mission success, Mercury’s solutions
power a wide variety of critical defense and intelligence programs.
Headquartered in Andover, Mass., Mercury is pioneering a
next-generation defense electronics business model specifically
designed to meet the industry’s current and emerging technology
needs. To learn more, visit www.mrcy.com.
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 fiscal 2019 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 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 contractor procurement 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 and restructurings
or delays in realizing such benefits, challenges in integrating
acquired businesses and achieving anticipated synergies, increases
in interest rates, changes to cyber-security regulations and
requirements, changes in tax rates or tax regulations, 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
June 30, 2018. 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.
Contact:Robert McGrail, Director of Corporate
CommunicationsMercury Systems, Inc.+1 978-967-1366 /
rmcgrail@mrcy.com
Mercury Systems is a trademark and Innovation That Matters is a
registered trademark 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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