Mercury Systems Receives $3.2M in Orders for Digital Signal Processing Modules
February 05 2015 - 04:15PM
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 $3.2 million in
follow-on orders from a leading defense prime contractor for
digital signal processing modules for an unmanned airborne
synthetic aperture radar (SAR) application. The orders were booked
in the Company's fiscal 2015 third quarter and are expected to be
shipped over the next several quarters.
"Mercury has forged a very close relationship with this defense
prime contractor, working on a range of systems over many years and
programs. Our solutions are known for their maturity, reliability
and performance, and our team has earned a reputation for our
commitment to supporting their performance goals and ultimate
success," said Didier Thibaud, President of Mercury's Commercial
Electronics business unit.
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," 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 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 the U.S. Government's interpretation of federal
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 and
divestitures 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, 2012. 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
+1 978-967-1366 / rmcgrail@mrcy.com
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