Mercury Receives $5.2M in Orders for Radar Subsystems for Missile Defense Application
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 $5.2 million in orders from a leading defense prime contractor to provide radar subsystems and related digital processing technologies for a missile defense application. The orders were booked in the Company’s fiscal 2015 fourth quarter and are expected to be shipped over the next several quarters.
"Mercury’s long-term relationship with this prime contractor exemplifies our commitment to extending customer success over the entire life of a defense program and our ability to deliver critically important upgrades years after initial deployments," said Didier Thibaud, President of Mercury’s Commercial Electronics business unit. "Our rugged, high performance OpenVPX radar subsystems and rapid deployment services provide significant portability and performance in an affordable open systems architecture for our customer."
Global Military Electro-optical and Infrared Systems Market 2016-2020
Source : Mercury Systems - view original press release