Mercury Systems Receives $3.8M Microelectronics Order for Airborne Electronic Warfare Application
November 20 2017 - 4:15PM
Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com) announced it
received a follow-on $3.8 million order from a leading defense
prime contractor for multi-chip module devices integrated into an
advanced airborne electronic warfare system. The order was booked
in the Company’s fiscal 2018 second quarter and is expected to be
shipped over the next several quarters.
Mercury’s broad portfolio of secure digital microelectronic
solutions are designed and manufactured exclusively in the
Company’s Defense Microelectronics Activity (DMEA)-trusted Advanced
Microelectronics Center in Phoenix, Ariz. The Company’s
state-of-the-art three-dimensional packaging technology delivers
maximum space-savings in a highly ruggedized ball grid array (BGA)
package designed for harsh military environments.
“We are honored to continue supplying trusted microelectronics
enabling our military forces’ most advanced airborne platforms to
dominate the electromagnetic spectrum,” said Iain Mackie, Vice
President and General Manager of Mercury’s Microelectronic Secure
Solutions group. “Defense prime contractors and our military forces
can count on Mercury’s next-generation business model for long-term
supply continuity of the most affordable, compact and
high-performance microelectronics solutions.”
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 Statement
This 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 the products and services
described herein. 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 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, increases in tax rates, 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, 2017. 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 Innovation That Matters are trademarks 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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