Mercury Systems Receives $2.3M Order for Advanced GPS SAASM Devices
December 12 2017 - 3:15PM
Mercury Systems, Inc. (NASDAQ:MRCY), (www.mrcy.com) announced it
received a $2.3M follow-on order from a leading electronics
manufacturer for state-of-the-art GPS Selective Availability
Anti-Spoofing Modules (SAASM) devices for an undisclosed
application. The order was booked in the Company’s fiscal 2018
second quarter and is expected to be shipped over the next several
quarters.
The Company’s Defense Microelectronics Activity
(DMEA)-accredited facility in Phoenix, Ariz. will manufacture the
devices in a secure and trusted environment. In addition to SAASM
devices, Mercury’s digital microelectronics portfolio includes
BuiltSecure™ high-density secure memory, secure solid-state storage
and custom-engineered system-in-package (SiP) devices. All of the
Company’s digital microelectronics solutions are optimized for
size, weight, power and affordability.
“Receiving this follow-on order reaffirms how Mercury’s next
generation business model delivers value throughout the entire
defense supply chain,” said Charlie Leader, Senior Vice President
and General Manager of Mercury’s Advanced Microelectronics
Solutions group. “Our domestic advanced microelectronic centers
uniquely position Mercury as a commercial supplier of trusted
microelectronics for secure sensor and safety-critical processing
subsystems to the defense industry.”
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 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, Innovation That Matters and BuiltSecure 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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