U.S. Navy Selects Mercury to Deliver Electronic Warfare Combat Training Subsystems
01 Marzo 2024 - 1:00PM
Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology
company that delivers mission-critical processing power to the
edge, today announced that it received a five-year, $243.8 million,
indefinite delivery/indefinite quantity contract to deliver rapidly
reprogrammable electronic attack training subsystems for the Naval
Air Warfare Center Weapons Division. These subsystems build on more
than 25 years of test and training technology from the Mercury
Processing Platform to bring the most advanced, near-peer jamming
and electronic warfare capabilities to U.S. pilot training
organizations.
The most effective way to prepare pilots and aircrews for
real-world combat environments is through training scenarios that
represent near-peer threat capabilities to the greatest possible
extent. Mercury’s proven digital RF memory (DRFM)-based reactive
jamming subsystems allow training planners to quickly reprogram
missions for different aircraft via an intuitive software interface
and simultaneously emulate multiple National Air and Space
Intelligence Center (NASIC)-validated threats. Mercury has provided
radar jamming capabilities to the Navy’s Airborne Threat Simulation
Organization (ATSO) since 1987 and has delivered more than 600
systems over the past decade.
Mercury received the initial $20.3 million DRFM production order
from ATSO. The new contract also includes ongoing engineering
services to continually update the system’s threat library to stay
ahead of adversarial capabilities.
“The electronic warfare capabilities of near-peer adversaries
are more sophisticated than ever before, and our combat pilots must
train using technology that emulates the most advanced jamming
threats,” said Roya Montakhab, GM of Mercury’s Platform Systems
business unit. “We look forward to working with the Navy’s Airborne
Threat Simulation Office to provide our pilots with a
mission-critical advantage on the battlefield.”
Mercury Systems – Innovation that
matters®Mercury Systems is a technology company that
delivers mission-critical processing power to the edge, making
advanced technologies profoundly more accessible for today’s most
challenging aerospace and defense missions. The Mercury Processing
Platform allows customers to tap into innovative capabilities from
silicon to system scale, turning data into decisions on timelines
that matter. Mercury’s products and solutions are deployed in more
than 300 programs and across 35 countries, enabling a broad range
of applications in mission computing, sensor processing, command
and control, and communications. Mercury is headquartered in
Andover, Massachusetts, and has 24 locations worldwide. To learn
more, visit mrcy.com. (Nasdaq: MRCY)
Forward-Looking Safe Harbor StatementThis 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 Company's focus on enhanced
execution of the Company's strategic plan under a refreshed Board
and leadership team. You can identify these statements by 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 geopolitical unrest
and regional conflicts, competition, changes in technology and
methods of marketing, delays in or cost increases related to
completing development, 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, changes in, or in the interpretation or enforcement
of, environmental rules and regulations, market acceptance of the
Company's products, shortages in or delays in receiving components,
supply chain delays or volatility for critical components such as
semiconductors, production delays or unanticipated expenses
including due to quality issues or manufacturing execution issues,
capacity underutilization, increases in scrap or inventory
write-offs, failure to achieve or maintain manufacturing quality
certifications, such as AS9100, the impact of supply chain
disruption, inflation and labor shortages, among other things, on
program execution and the resulting effect on customer
satisfaction, inability to fully realize the expected benefits from
acquisitions, restructurings, and operational efficiency
initiatives or delays in realizing such benefits, challenges in
integrating acquired businesses and achieving anticipated
synergies, effects of shareholder activism, increases in interest
rates, changes to industrial security and cyber-security
regulations and requirements and impacts from any cyber or insider
threat events, changes in tax rates or tax regulations, such as the
deductibility of internal research and development, changes to
interest rate swaps or other cash flow hedging arrangements,
changes to generally accepted accounting principles, difficulties
in retaining key employees and customers, litigation, including the
dispute arising with the former CEO over his resignation,
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, 2023 and
subsequent Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K. 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.
INVESTOR CONTACTNelson EricksonSenior Vice
President, Strategy and Corporate
DevelopmentNelson.Erickson@mrcy.com
MEDIA CONTACTTurner BrintonSr. Director of
Corporate Communications Turner.Brinton@mrcy.com
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