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 a $7.6 million follow-on order against its 5 year sole source basic ordering agreement (BOA) to deliver advanced Digital RF Memory (DRFM) jammers to the U.S. Navy. The order was received in the Company's fiscal 2015 fourth quarter and is expected to be shipped by the end of its fiscal 2017 second quarter.
"This order reaffirms MDS’s commitment to the advancement of DRFM hardware and software subsystems in support of the warfighter,” said Brian Perry, President, Mercury Defense Systems. “Our advanced jammers provide U.S. aircrews with exposure and training to ensure that the first time they encounter advanced electronic attack capabilities it is not in an actual combat environment. These jammer capabilities are critical for continued U.S. air superiority, particularly in light of new and evolving electronic warfare threats.”
Source: Mercury Systems
Date: Jun 8, 2015