Mercury Systems, Inc. (NASDAQ: MRCY), announced it received $2.9 million in orders from a leading defense prime contractor to provide digital signal and image processing modules for an unmanned airborne ISR application. The orders were booked in the Company’s fiscal 2016 third quarter and are expected to be shipped over the next several quarters.
“This order exemplifies the important role Mercury plays in helping primes meet the challenging demands of decreased funding and DoD acquisition reform by integrating open, standards-based technology to improve performance while protecting legacy investments,” said Ian Dunn, Vice President of Mercury Systems' Embedded Products Group. “We are proud of our continuing partnership with our customer and ongoing work on high performance ISR solutions that improve U.S. intelligence capabilities in global military operations.”
Source: Mercury Systems
Date: Apr 11, 2016