KOR Electronics, a subsidiary of Mercury Computer Systems, Inc. (NASDAQ: MRCY), announced today that it has received a 5 year sole source basic ordering agreement (BOA) from the U.S. Navy. This BOA supports the continued development of state-of-the-art techniques and target generation capabilities in conjunction with the advanced Digital RF Memory (DRFM) architecture developed under a prior Small Business Innovation Research (SBIR) Phase II.5 award issued to KOR Electronics. The BOA provides for research and development, production, engineering services and ongoing support and is valued at up to $58M.
"This agreement is a perfect example of how the SBIR program can benefit our country’s defense and small business,” said Kevin Carnino, KOR Electronics President and Chief Executive Officer. “Under this agreement we will be producing a subset of our latest advanced radar jammer equipment. Our successive and continuing technology development allows us to continually provide state of the art performance and best value to our customers and ultimately to the warfighter.”
Source: KOR Electronics
Date: Oct 18, 2012