CHELMSFORD, Mass. -- Aug. 18, 2015 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com), congratulates Lockheed Martin on the recent successful four-event test of the Aegis Combat System's air warfare (AW) and ballistic missile defense (BMD) capabilities.
During the multi-mission warfare (MMW) tests, jointly conducted by the Missile Defense Agency (MDA), U.S. Pacific Command, and U.S. Navy Sailors aboard the USS John Paul Jones (DDG 53), Aegis flawlessly detected, tracked, and engaged two ballistic missile and two air warfare targets, verifying the consistent and replicable performance of BMD upgrades. The tests also marked the first lower atmosphere engagement of a ballistic missile target, demonstrating Aegis' ability to intercept and engage ballistic missiles during their terminal phase. All flight test events were conducted at the Pacific Missile Range Facility (PMRF) in Kauai, Hawaii.
"These tests again prove that through purposeful evolution and open architecture, a program like Aegis can not only align with the Department of Defense's directive on affordability and productivity to remain viable, but by leveraging innovative, open systems, it can expand its role as a powerful national asset," said Didier Thibaud, President of Mercury's Commercial Electronics business unit. "We are proud to continue our work with Lockheed Martin as a teammate and business partner."
Aegis BMD's recently upgraded multi-mission signal processor (MMSP), designed and developed by Mercury, enables the Navy to defeat more sophisticated ballistic missile threats using improved target identification capabilities. Together, the Aegis system, MMSP and SPY-1 radar provide the U.S. and allied nations with advanced surveillance and an unprecedented IAMD capability.
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.
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CONTACT: Robert McGrail, Director of Corporate and Investor Communications Mercury Systems, Inc. +1 978-967-1366 / firstname.lastname@example.org
Source:Mercury Systems, Inc.