MRCY Receives $17M Order for GPS Modules for Precision Guided Munitions Application

Mercury Systems, Inc. (MRCY) announced it received a $17 million order from a leading defense prime contractor for GPS Selective Availability Anti-Spoofing Modules (SAASM) for a precision guided munitions application. The order was booked in the Company’s fiscal 2019 first quarter and is expected to be shipped over the next several quarters.

The Company has successfully developed and commercialized an entire portfolio of digital microelectronics solutions ruggedized for modern weapons applications without sacrificing size, weight or power. This comprehensive portfolio includes ultra-compact memory devices, military-grade secure solid-state drives (SSD), GPS SAASM solutions and BuiltSECURE™ System in Package (SiP) devices integrating advanced security algorithms. All of Mercury’s digital microelectronics solutions are designed and manufactured in a Defense Microelectronics Activity (DMEA)-accredited facility for design, packaging, test and broker services.

“Mercury Systems is honored to provide our customers and our warfighters with cost-effective, enabling technologies for smart munitions applications,” said Iain Mackie, Vice President and General Manager of Mercury’s Microelectronics Secure Solutions group. “Receiving this prominent order exemplifies the power of Mercury’s next-generation business model to deliver an uninterrupted supply of advanced microelectronics solutions critical to our national defense infrastructure.”

Source: Mercury Systems, Inc.
Date: Aug 21, 2018