Mercury Systems Receives $25M Integrated Subsystems Order for Electronic Support Application
March 19 2019 - 4:15PM
Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com) announced it
received a $25.0 million follow-on order from a leading defense
prime contractor for integrated radio frequency (RF), mixed-signal
and FPGA processing subsystems for an advanced electronic support
application. The order was booked in the Company’s fiscal 2019
third quarter and is expected to be shipped over the next several
quarters.
The Company offers an industry-leading portfolio of
microelectronics solutions simultaneously addressing the analog,
digital and mixed-signal domains for the most sophisticated
electronic warfare (EW) programs demanded by U.S. military
forces. Designed in accordance with OpenVPX™ architectures,
Mercury’s highly ruggedized integrated subsystems provides the
assurance of agile, cost-effective future upgrades to address the
continuously-evolving threat environment of tomorrow.
“Mercury’s critical position on this important defense program
further reinforces our commitment as the leading commercial
supplier of affordable, high-performance EW microelectronics built
around modular open architecture standards,” said Neal Austin, Vice
President and General Manager of Mercury’s Embedded Sensor
Processing group. “Our deeply integrated engineering and
manufacturing resources are proud to support our valued defense
prime contractor customers with highly differentiated EW subsystems
that enable our military forces around the globe to dominate the
electromagnetic battlefield.”
For more information about Mercury’s mixed-signal processing
capabilities for EW, radar and coherent communication applications,
visit www.mrcy.com/mixed-signal-processing or contact Mercury at
(866) 627-6951 or digital.rf@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 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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