Mercury Systems Receives $2 Million Order for Signal Processing Subsystems
January 18 2016 - 3:15PM
Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com), announced
it received a $2 million follow-on order from a leading defense
prime contractor for high-performance signal processing subsystems
for a manned airborne radar application. The order was booked in
the Company’s fiscal 2016 second quarter and is expected to be
shipped over the next several quarters.
"Mercury's renowned heritage in advanced and
reliable radar signal processing subsystems and architecture has
ensured our continued participation in this mission-critical
defense program," said Ian Dunn, Vice President of Mercury’s
Embedded Products group. "Our commercially-developed multiprocessor
subsystems support multiple generations of these radar
applications, delivering the performance improvements needed while
providing significant affordability, portability and performance in
an open architecture."
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 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, 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, 2015. 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 and Investor Communications
Mercury Systems, Inc.
+1 978-967-1366 / rmcgrail@mrcy.com
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