Mercury Systems, Inc. (NASDAQ: MRCY), announced it received a $3 million follow-on order from a leading defense prime contractor for high performance microwave subsystems for an electronic warfare application. The order was received in the Company’s fiscal 2016 second quarter and is expected to be shipped over the next several quarters.
“This order showcases precisely the type of cost-effective technology leverage that Mercury can deliver for our customers’ most important and challenging programs,” said Kevin Beals, Vice President and General Manager of Mercury’s RF and Microwave units. “Our track record of successfully transitioning complex microwave subsystems to production coupled with our dedication to improving manufacturing efficiency and capacity were important factors in Mercury being chosen by our customer for this program.”
Source: Mercury Systems
Date: Jan 20, 2016