Mercury Systems Receives $41.4 Million Order for Small Form Factor RF Transceivers for Weapons Application
March 28 2019 - 4:15PM
Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com) announced it
received a $41.4 million follow-on order from a leading defense
prime contractor for miniaturized and highly ruggedized custom
microwave transceivers for an advanced weapons application. The
order was booked in the Company’s fiscal 2019 third quarter and is
expected to be shipped over the next several years. The
transceivers will be manufactured in the Company’s world-class U.S.
Advanced Microelectronic Centers using state-of-the-art, fully
automated assembly and test systems optimized for scalability and
repeatability.
Mercury leverages its deep domain expertise in advanced
packaging technologies to address the most demanding performance
requirements for SWaP-constrained applications without sacrificing
manufacturability, performance or affordability. Seasoned
engineering staff co-located with expert manufacturing teams enable
designs to transition smoothly and efficiently from development to
production, thereby assuring customers of long-term supply
continuity. The combination of design and manufacturing
capabilities in each facility provides “one-stop shopping” for
defense prime customers who need to reduce their supply chain
complexity and lower risk.
“Receiving this prominent order from our valued defense prime
contractor customer further validates Mercury’s role as a long-term
trusted partner to successfully commercialize innovations that
matter to our national defense infrastructure,” said Charlie
Leader, Senior Vice President and General Manager of Mercury’s
Advanced Microelectronics Solutions group. “We remain steadfast in
our commitment to fully utilize the sophisticated capabilities of
our domestic AMC facilities to deliver rugged microelectronics
solutions providing the U.S. warfighter with a strategic and
tactical edge in all future military engagements.”
For more information about Mercury’s RF and microwave solutions
optimized for weapons applications, visit 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 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.
Mercury Systems (NASDAQ:MRCY)
Historical Stock Chart
From Aug 2024 to Sep 2024
Mercury Systems (NASDAQ:MRCY)
Historical Stock Chart
From Sep 2023 to Sep 2024