Mercury Systems Receives $2.8M Order for Modular Rackmount Servers for Naval Weapon System Application
March 07 2019 - 4:15PM
Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com) announced it
received a $2.8 million order from a leading defense prime
contractor for modular rackmount servers to be used in a naval
weapon system. The order was booked in the Company's fiscal 2019
third quarter and is expected to be shipped over the next several
quarters.
Currently deployed on over forty naval programs, Mercury’s
EnterpriseSeries™ rackmount servers are designed for mission
critical applications where performance and reliability are
crucial. Scalable and extensible, Mercury’s modular server line
simplifies logistics and cuts costs associated with spares.
“Performance, availability and versatility are extremely
important to our customer," said Scott Orton, Vice President and
General Manager of Mercury's Trusted Mission Solutions group.
“Designed to meet both current and future deployment needs, our
composable servers not only minimize cost but also offer long-term
sustainability.”
For more information, visit www.mrcy.com/servers or contact
Mercury at (866) 627-6951 or info@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 and follow us on
Twitter.
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 control or 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 and EnterpriseSeries are trademarks 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.
Mercury Systems (NASDAQ:MRCY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Mercury Systems (NASDAQ:MRCY)
Historical Stock Chart
From Apr 2023 to Apr 2024