Mercury Systems Receives $2.2M Order for GPS SAASM Subsystems for Advanced Weapons Application
March 25 2019 - 4:15PM
Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com) announced it
received a $2.2 million order from a leading defense prime
contractor for high-performance subsystems incorporating GPS
Selective Availability Anti-Spoofing Modules (SAASM) for an
advanced weapons application. The order was booked in the Company’s
fiscal 2019 second quarter and is expected to be shipped over the
next several quarters.
The Company has successfully developed and commercialized an
entire portfolio of digital microelectronics solutions ruggedized
for modern weapons applications without sacrificing size, weight or
power. This comprehensive portfolio includes ultra-compact memory
devices, military-grade secure solid-state drives (SSD), GPS SAASM
solutions and BuiltSECURE™ System in Package (SiP) devices
integrating advanced security algorithms. All of Mercury’s digital
microelectronics solutions are designed and manufactured in a
Defense Microelectronics Activity (DMEA)-accredited facility for
design, packaging, test and broker services.
“Receiving this order from our valued customer reaffirms
Mercury’s leadership role in the commercialization of
state-of-the-art microelectronics precision-engineered for the most
demanding weapons applications today,” said Iain Mackie, Vice
President and General Manager of Mercury’s Microelectronics Secure
Solutions group. “Our domestic Advanced Microelectronics Centers,
coupled with our next-generation business model, uniquely position
Mercury to supply the U.S. warfighter with the capabilities
required to protect our national interests.”
For more information, visit www.mrcy.com 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.
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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