Mercury Systems Awarded $7.1M IDIQ Contract From U.S. Naval Surface Warfare Center
May 14 2015 - 4:15PM
Mercury Systems, Inc. (Nasdaq:MRCY) (www.mrcy.com), a leading
high-tech commercial provider of more affordable secure and sensor
processing subsystems powering today's critical defense and
intelligence applications, announced today that it has been awarded
a $7.1 million indefinite quantity/indefinite delivery (IDIQ)
contract by the U.S. Naval Warfare Center, Crane Division (NSWC) to
supply advanced radio frequency (RF) tuners, digital receivers and
related equipment to be used as spares during the installation of
the AN/SLQ-32(V)6 electronic countermeasure system on U.S. Navy and
Coast Guard ships. Work will be performed at the Company's
headquarters in Chelmsford, Massachusetts, and is expected to be
complete by May 2020. The AN/SLQ-32(V)6 was developed as part of
the Navy's Surface Electronic Warfare Improvement Program (SEWIP),
which is an upgrade to the AN/SLQ-32 electronic warfare anti-ship
missile defense system.
"The Navy's requirement to deny or degrade hostile uses of the
electromagnetic spectrum has placed new demands on existing
electronic warfare systems," said Charlie Hudnall, General Manager
of Mercury's Embedded Sensor Products group. "This contract
reaffirms Mercury's leading-edge capabilities in RF, digital signal
processing and data movement. Our array of RF, microwave and
mixed-signal offerings deliver ultra-fast tuning, high dynamic
range, and extreme data processing - all critical elements of
electronic warfare support measures."
For more information on Mercury Systems, visit www.mrcy.com or
contact Mercury at (866) 627-6951 or info@mrcy.com.
Mercury Systems – Innovation That Matters™
Mercury Systems (Nasdaq:MRCY) is the better alternative for
affordable, secure and sensor processing subsystems designed and
made in the USA. Optimized for program and mission success,
Mercury's solutions power a wide variety of critical defense and
intelligence applications on more than 300 programs such as Aegis,
Patriot, SEWIP, F-35 and Gorgon Stare. Headquartered in Chelmsford,
Massachusetts, Mercury Systems is a high-tech commercial company
purpose-built to meet rapidly evolving next-generation defense
electronics challenges. 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 due to performance quality issues
with outsourced components, inability to fully realize the expected
benefits from acquisitions, divestitures and restructurings, or
delays in realizing such benefits, challenges in integrating
acquired businesses and achieving anticipated synergies, changes to
export regulations, 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, 2014. 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.
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.
CONTACT: Robert McGrail, Director of Corporate and Investor Communications
Mercury Systems, Inc.
+1 978-967-1366 / rmcgrail@mrcy.com
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