Mercury Systems Receives $32.5M LTSA for GPS Modules for Precision Guided Munitions Application
October 13 2016 - 4:15PM
Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com), announced it
received a long term supplier agreement (LTSA) from a leading
defense prime contractor to purchase up to $32.5 million of GPS
SAASM receivers for a precision guided munitions application over a
three year period. The order was booked in the Company’s 2016 first
quarter.
“This long term agreement reflects Mercury Systems' ability to
deliver high volume, leading edge, secure and rugged solutions in
support of our defense industry partners,” said Charlie Leader,
Senior Vice President and General Manager, Mercury Systems. “Our
advanced microelectronics solutions are designed and manufactured
with very high levels of security, ruggedization and in very small
form factors, essential for our customers and our warfighters.”
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 a leading
commercial provider of secure processing subsystems designed and
made in the USA. Optimized for customer and mission success,
Mercury’s solutions power a wide variety of critical defense and
intelligence programs. Headquartered in Chelmsford, 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 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 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, 2016. 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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