Mercury Systems, Inc. (NASDAQ: MRCY), announced it received a $5 million order from a leading defense prime contractor for high-performance signal processing subsystems for a radar application. The order was booked in the Company’s fiscal 2016 fourth 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 open systems architectures has ensured our continued participation in this mission-critical defense program,” said Ian Dunn, Vice President of Mercury’s 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: CHELMSFORD, Mass.
Date: Aug 1, 2016