Mercury Systems Receives $3.1M Order for Space-Qualified RF Microelectronics
14 March 2018 - 7:15AM
Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com) announced it
received a $3.1 million order from a manufacturer of commercial
space technology solutions for high reliability radio frequency
(RF) microelectronics modules designed and screened to space-level
performance standards. 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 has a forty year heritage in the design and
manufacturing of space-qualified RF and microwave components,
modules and highly integrated subsystems for defense prime
contractors, government agencies and commercial companies.
Mercury's space-qualified RF microelectronics have been
successfully deployed in a wide range of applications including
satellites, spacecraft and rover vehicles operating on Mars.
"Mercury is pleased to receive this order from a prominent
technology leader developing innovative solutions for space
applications," said Charlie Leader, Senior Vice President and
General Manager of Mercury's Advanced Microelectronics Solutions
group. "With highly skilled engineering and manufacturing resources
tightly integrated in the same facility, our Advanced
Microelectronics Centers are ideally suited to address the
stringent demands of space applications using our commercial RF and
microwave technology building blocks. This space domain expertise,
combined with our next-generation business model, uniquely
positions Mercury as the preeminent commercial supplier of
affordable microelectronics for space applications."
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
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 2018 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 control or procurement rules and regulations, market
acceptance of the Company's products, shortages in components,
production delays 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 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, 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.
Mercury Systems (NASDAQ:MRCY)
Historical Stock Chart
From Apr 2024 to May 2024
Mercury Systems (NASDAQ:MRCY)
Historical Stock Chart
From May 2023 to May 2024