Mercury Systems awarded $17M contract for ruggedized RF microelectronics
January 27 2022 - 4:15PM
Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in
trusted, secure mission-critical technologies for aerospace and
defense, announced it was awarded a $17 million contract to provide
crucial RF microelectronics supporting missile capabilities of the
U.S. and its allies in ensuring 21st-century air dominance. These
multi-channel digital RF assemblies will help provide real-time
signals intelligence data, speeding information to the warfighter.
The award was received in the company’s fiscal 2022 first quarter
and is expected to be shipped over the next several quarters.
Why It Matters“We have developed and continue
to develop technology and products that are critical to our
Nation’s and that of our Allies’ air defenses, and this award is
the next step in our journey toward being the preferred partner in
this important mission area,” said Roger Wells, EVP and president,
Mercury Microelectronics. “As one of only three domestic U.S.
suppliers of key defense-grade microelectronics, our customers and
the military depend on us to develop advanced high-performance RF
and digital signal processing technologies critical to help them
maintain electromagnetic spectrum dominance over our
adversaries.”
Mercury leverages more than 40 years of microelectronic
manufacturing investments to support their customers from prototype
to full-rate production, including automated manufacture and test,
in-line quality assurance, and on-site engineering support. Its
custom, miniaturized RF modules are produced in AS9100 and
IPC-1791-certified facilities using Defense Microelectronics
Activity (DMEA)-accredited design and manufacturing capabilities to
enable rapid, cost-effective deployment of innovative
microelectronics and secure processing solutions.
Mercury envisions, creates and delivers innovative technology
solutions purpose-built to meet its customers' most pressing
high-tech needs. For more information, visit mrcy.com or contact
Mercury at (866) 627-6951 or info@mrcy.com.
Mercury Systems – Innovation That Matters®
Mercury Systems is a global commercial technology company serving
the aerospace and defense industry. Headquartered in Andover,
Mass., the company delivers trusted, secure open architecture
processing solutions powering a broad range of mission-critical
applications in the most challenging and demanding environments.
Inspired by its purpose of delivering Innovation that Matters, By
and For People Who Matter, Mercury helps make the world a safer,
more secure place for all. To learn more, visit mrcy.com, or 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 the products and services described
herein and to fiscal 2022 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 epidemics and pandemics such as
COVID, 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, changes in, or in the interpretation or enforcement of
environmental 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, restructurings and value creation
initiatives such as 1MPACT, or delays in realizing such benefits,
challenges in integrating acquired businesses and achieving
anticipated synergies, effects of shareholder activism, increases
in interest rates, changes to industrial security and cybersecurity
regulations and requirements, changes in tax rates or tax
regulations, changes to interest rate swaps or other cash flow
hedging arrangements, 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 July 2, 2021.
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.
CONTACTRobert McGrail, Director of
Corporate CommunicationsMercury Systems Inc.+1 (978)
967-1366 | robert.mcgrail@mrcy.com
Mercury Systems and Innovation That Matters are registered
trademarks 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