CHELMSFORD, Mass., February 11, 2013 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (Nasdaq:MRCY) (www.mrcy.com), a best-of-breed provider of commercially developed, open sensor and Big Data processing systems for critical commercial, defense and intelligence applications, announced today that it has been awarded a 3-year indefinite quantity/indefinite delivery (IDIQ) contract by the U.S. Naval Research Laboratory (NRL) Tactical Electronic Warfare Division (TEWD). Worth up to $16.7 million, the contract calls for Mercury to supply advanced mixed signal digital receivers for prototype electronic warfare applications on airborne and surface shipboard platforms.
"The Navy's requirement to deny or degrade hostile uses of the electromagnetic spectrum has placed new demands on existing electronic warfare systems," said Ian Dunn, Vice President and General Manager of Mercury's RF and Microwave Subsystems Group. "This win reaffirms Mercury's leading-edge capabilities in digital signal processing and data movement. Our array of mixed-signal offerings delivers ultra-fast tuning, high dynamic range, and extreme data processing — all critical elements of electronic warfare support measures."
The Naval Research Laboratory, commissioned in 1923 by Congress for the Department of Navy, serves as the Navy's corporate laboratory. NRL conducts a broad program of scientific research and advanced technological development directed toward maritime applications of new improved materials, techniques and equipment. TEWD provides new and advanced concepts and systems in electronic warfare that improve the ability of the Navy to perform its vital mission.
Mercury Systems – Innovation That Matters™
Mercury Systems (Nasdaq:MRCY) is a best-of-breed provider of commercially developed, open sensor and Big Data processing systems, software and services for critical commercial, defense and intelligence applications. We deliver innovative solutions, rapid time-to-value and world-class service and support to our prime contractor customers. Mercury Systems has worked on over 300 programs, including Aegis, Patriot, SEWIP, Gorgon Stare and Predator/Reaper. We are based in Chelmsford, Massachusetts. 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," 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 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 the U.S. Government's interpretation of federal 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 divestitures 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, 2012. 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 Communications Mercury Systems +1 978-967-1366 / firstname.lastname@example.org
Source:Mercury Systems, Inc.