Mercury Systems Receives $2 M for Signal Processing Subsystems
Mercury Systems, Inc. (NASDAQ: MRCY), announced it received a $2 million follow-on order from a leading defense prime contractor for high-performance signal processing subsystems for a manned airborne radar application. The order was booked in the Company’s fiscal 2016 second quarter and is expected to be shipped over the next several quarters.
"Mercury's renowned heritage in advanced and reliable radar signal processing subsystems and architecture has ensured our continued participation in this mission-critical defense program,” said Ian Dunn, Vice President of Mercury’s Embedded Products group. "Our commercially-developed multiprocessor subsystems support multiple generations of these radar applications, delivering the performance improvements needed while providing significant affordability, portability and performance in an open architecture.”
Military Radar Market - Global Forecast to 2020
Source : Mercury Systems - view original press release
Oct 24 - 25, 2016 - Prague, Czech Republic