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Mercury Systems Receives $25M Integrated Subsystems Order for Electronic Support Application

ANDOVER, Mass., March 19, 2019 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com) announced it received a $25.0 million follow-on order from a leading defense prime contractor for integrated radio frequency (RF), mixed-signal and FPGA processing subsystems for an advanced electronic support application. The order was booked in the Company’s fiscal 2019 third quarter and is expected to be shipped over the next several quarters.

The Company offers an industry-leading portfolio of microelectronics solutions simultaneously addressing the analog, digital and mixed-signal domains for the most sophisticated electronic warfare (EW) programs demanded by U.S. military forces.  Designed in accordance with OpenVPX™ architectures, Mercury’s highly ruggedized integrated subsystems provides the assurance of agile, cost-effective future upgrades to address the continuously-evolving threat environment of tomorrow.

“Mercury’s critical position on this important defense program further reinforces our commitment as the leading commercial supplier of affordable, high-performance EW microelectronics built around modular open architecture standards,” said Neal Austin, Vice President and General Manager of Mercury’s Embedded Sensor Processing group. “Our deeply integrated engineering and manufacturing resources are proud to support our valued defense prime contractor customers with highly differentiated EW subsystems that enable our military forces around the globe to dominate the electromagnetic battlefield.”

For more information about Mercury’s mixed-signal processing capabilities for EW, radar and coherent communication applications, visit www.mrcy.com/mixed-signal-processing or contact Mercury at (866) 627-6951 or digital.rf@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 and follow us on Twitter.

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 / rmcgrail@mrcy.com

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. 

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Source: Mercury Systems Inc