Mercury Systems Receives $2.5M Order for High-Performance Digital Signal Processing Modules for Synthetic Aperture Radar Appl...
December 16 2014 - 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 it received a $2.5 million
follow-on order from a leading defense prime contractor for
high-performance digital signal processing modules for use in
unmanned airborne synthetic aperture radar (SAR) and ground moving
target indication (GMTI) radar applications. The order was booked
in the Company's fiscal 2015 second quarter and is expected to be
shipped by its fiscal 2015 fourth quarter.
"This order underscores our role as a trusted partner to this
prime contractor and is a testament to our success in delivering
innovative technology that meets or exceeds their expectations,"
said Didier Thibaud, President of Mercury's Commercial Electronics
business unit. "For decades, our advanced, highly reliable signal
processing systems have provided exceptional value and performance
in SAR programs and we expect to continue working together on
future programs that provide critical, actionable information."
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 Communications
Mercury Systems, Inc.
+1 978-967-1366 / rmcgrail@mrcy.com
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