Mercury Systems Selected as RF Microelectronics Supplier for Advanced Airborne Radar Application
March 06 2018 - 4:15PM
Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com) announced that
its Radio Frequency (RF) and Microwave group has been selected by a
leading defense prime contractor to supply SWaP-optimized,
custom-engineered RF converter subsystems for a state-of-the-art
airborne tactical radar system. The Company received an initial
$3.5 million order to commence development, which was booked in its
fiscal 2018 second quarter.
"Today's announcement reaffirms Mercury's leadership in RF
sensor technologies and advanced manufacturing capabilities," said
Brian Hoerl, Mercury's Senior Vice President of Global Sales.
"Mercury's next-generation business model enabled this strategic
design win opportunity with our valued customer. We are honored to
proudly support our nation's warfighters with the defense
industry's most sophisticated RF microelectronics for electronic
warfare, weapons and radar applications."
Mercury's portfolio of commercial RF and microwave solutions is
perfectly suited to address the demands of next-generation radar
systems requiring the industry's most sophisticated designs
embedded in the smallest, most lightweight form factors. All of the
Company's advanced components, densely integrated modules and
multifunction subsystems are designed to ensure consistent and
predictable performance under the harshest conditions encountered
by military forces in high threat environments. To ensure long-term
and affordable supply continuity, Mercury has established two
Advanced Microelectronics Centers (AMCs) with leading-edge design
tools and state-of-the-art manufacturing capabilities dedicated to
RF and microwave design and scalable production.
For more information on Mercury's RF microelectronics solutions
for radar applications, visit www.mrcy.com or contact Mercury at
(866) 627-6951 or RF.Microwave@mrcy.com.
Mercury Systems – Innovation That
Matters™Mercury Systems is a leading commercial provider
of secure sensor and safety-critical 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 cyber-security
regulations and requirements, 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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