ANDOVER, Mass., Jan. 15, 2019 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), announced it received a $9.8 million follow-on order from a leading defense prime contractor for advanced subsystems with integrated radio frequency (RF) and digital microelectronics for a naval electronic warfare (EW) application. The order was booked in the Company’s fiscal 2019 second quarter and is expected to be shipped over the next several quarters.
Mercury Systems is a pioneer in high-performance, modular open system architectures integrating mixed-signal processing technologies for the most demanding electronic warfare applications. The Company offers a complete portfolio of electronic warfare building blocks including OpenVPX™ microwave transceivers, field programmable gate array (FPGA)-based intermediate frequency (IF) and direct conversion solutions and clock generation and distribution modules. Through adherence to the OpenVPX standard, these products support rapid development of front-end digitization and real-time processing technologies for next-generation EW systems.
“This prominent order further reaffirms Mercury’s leadership position in the design and manufacturing of affordable, high-performance microelectronics delivering a strategic and tactical advantage to our nation’s warfighters operating in harsh and unpredictable electromagnetic environments,” said Neal Austin, Vice President and General Manager of Mercury’s Embedded Sensor Processing group. “All of our employees are deeply committed to supplying microelectronics of the highest quality to our valued defense prime contractor customers and the U.S. warfighter.”
For more information on Mercury’s broad portfolio of mixed-signal processing solutions for defense applications, visit http://www.mrcy.com/mixed-signal-processing or contact Mercury at (866) 627-6951 or [email protected].
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 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 fiscal 2019 business performance and beyond and the Company’s plans for growth and improvement in profitability and cash flow. 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 any U.S. Federal government shutdown or extended continuing resolution, 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 contractor 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, changes in tax rates or tax regulations, 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, 2018. 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 Communications
Mercury Systems, Inc.
+1 978-967-1366 / [email protected]
Mercury Systems is a trademark and Innovation That Matters is a registered trademark of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.
