Mercury Systems Receives $6.9 M for High Performance OpenVPX Digital Signal Processing Modules
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 it received a $6.9 million order from a leading defense prime contractor for high performance, OpenVPX ™ digital signal processing modules and supporting professional services for a manned airborne radar application. The orders were received in the Company's fiscal 2015 third quarter and are expected to be shipped by the end of its fiscal 2017 second quarter.
“We have a longstanding relationship with this customer in providing high performance signal processing solutions for airborne radar,” said Didier Thibaud, President of Mercury’s Commercial Electronics business unit. “By adopting our new OpenVPX product line, our customer now has a cost-effective, modular open systems architecture that protects their long-term investment in software by providing them an easy path to port their application to an affordable high-performance processing solution.”
Global X-Band Radar Market 2016-2020
Source : Mercury Systems - view original press release