Mercury Systems Receives $8.3M in Orders for Computing Modules for Secure Communication Subsystems
June 21 2017 - 4:15PM
Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com), announced it
received $8.3M in follow-on orders from a leading defense prime
contractor for computing modules to be used in airborne and
ground-based secure communication subsystems. The orders were
booked in the Company’s fiscal 2017 fourth quarter and are expected
to be shipped over the next several quarters.
“With our collaborative engineering engagement, we were able to
provide unique value to our customer while maintaining an open
system architecture,” said Ian Dunn, Mercury’s Vice President of
Sensor and Mission Processing. “These follow-on orders are a
testament to the high quality and on-time delivery performance of
our solutions.”
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, 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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