Mercury Systems, Inc. (NASDAQ: MRCY), a leading high-tech commercial provider of more affordable secure and sensor processing subsystems powering today’s critical defense and intelligence applications, announced that its Mercury Defense Systems (MDS) subsidiary has received $2 million in follow-on orders to deliver advanced Digital RF Memory (DRFM) jammers to the U.S. Navy. The orders were received in the Company's fiscal 2015 third quarter and are part of a firm-fixed-price, indefinite delivery/indefinite quantity (IDIQ) time and material contract award issued in 2010. They are expected to be shipped by the end of the Company's fiscal 2016 third quarter.
“This award is a further acknowledgement of the Company’s continuing effort to support the warfighter,” said Brian Perry, President, Mercury Defense Systems. “For more than 20 years, our DRFM products have been used for self-protection, vulnerability assessment, training and radar environment simulation. Our successful performance under firm fixed price contracting is the cornerstone of our business.”
Source: Mercury Systems
Date: Mar 16, 2015