Mercury Systems Receives $6.2M RF Subsystem Order for Electronic Warfare Application
October 05 2017 - 4:15PM
Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com) announced it
received a $6.2 million order from a leading defense prime
contractor for advanced radio frequency (RF) subsystems for an
airborne electronic warfare application. The order was booked in
the Company’s fiscal 2018 first quarter and is expected to be
shipped over the next several quarters.
The Company’s broad range of RF and microwave components,
modules and subsystems are designed with state-of-the-art tools to
ensure a rapid and seamless transition to mass production in highly
automated manufacturing facilities. Mercury’s advanced design
principles, tailored to address the unique requirements of the
defense industry, consistently deliver affordable and
SWaP-optimized commercial solutions for critical military
programs.
“Receiving this order reflects Mercury’s commitment to
leveraging its next-generation business model to pioneer
high-performance, affordable and reliable microelectronics in
support of our military forces,” said Kevin Beals, Vice President
and General Manager of Mercury’s RF and Microwave group. “Our
valued prime customers can count on Mercury for supply chain
continuity of RF solutions enabling our nation’s warfighters to
dominate the electromagnetic spectrum.”
For more information, 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 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
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, 2017. 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.
Contact:Robert McGrail, Director of Corporate
CommunicationsMercury Systems, Inc.+1 978-967-1366 /
rmcgrail@mrcy.com
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.
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