Mercury Systems, Inc. (NASDAQ: MRCY), announced it received a $22.7 million follow-on order from a leading defense prime contractor for advanced radio frequency (RF) microwave tuners and intermediate frequency (IF) receivers for a naval electronic warfare (EW) application. The orders were booked in the Company’s fiscal 2016 first quarter and are expected to be shipped over the next several quarters.
“Our decade-long relationship with our customer exemplifies our commitment to extending customer success over the entire life of this critical EW defense program, one of the largest for Mercury,” said Charlie Hudnall, Vice President and General Manager of Mercury’s Embedded Sensor Products group. “We're proud to deliver advanced RF offerings that improve the performance of our customer’s systems and our military’s ability to carry out vital electronic warfare operations.”
Source: Mercury Systems
Date: Oct 15, 2015