Mercury Systems Receives Follow-on Contract from U.S. Navy for DRFM Jammers
March 20 2017 - 4:15PM
Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com), announced that
it received a follow-on five year sole source basic ordering
agreement (BOA) from the U.S. Navy to deliver advanced Digital RF
Memory (DRFM) subsystems supporting jamming in a multi-threat
environment. Valued at up to $153M, the order was received in the
Company's fiscal 2017 third quarter and provides for research and
development, production, engineering services and ongoing support.
Work will be performed at the Company’s Cypress, Calif. facility
with a period of performance from March, 2017 through February,
2022. “This award
showcases Mercury's ability to deliver open standards-based,
leading-edge DRFM subsystems that bring real value to our customer
and ultimately, the warfighter,” said Brian Perry, President of
Mercury Defense Systems. “Our DRFM solutions have been used for
over three decades for training and radar environment simulation,
vulnerability assessment and self-protection. We take our role in
safeguarding our airborne warfighters seriously, especially in
today’s environment where advanced threats can come from a wide
variety of sources.” For
more information on Mercury Systems, visit 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 sensor and mission 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 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 Communications
Mercury Systems, Inc.
+1 978-967-1366 / rmcgrail@mrcy.com
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