Mercury Systems, Inc. (NASDAQ: MRCY), announced it received a $2.4 million follow-on order from a leading defense prime contractor for high-performance GPS Selective Availability Anti-spoofing Modules (SAASM) for a precision guided munitions application. The order was booked in the Company’s fiscal 2016 fourth 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 Charlie Leader, Senior Vice President and General Manager, Mercury Systems. “Our advanced microelectronics solutions are designed and manufactured with very high levels of ruggedization and in very small form factors, essential for our customers and our warfighters.”
Source: Mercury Systems, Inc.
Date: Jun 23, 2016