Mercury Receives $4.7M Artificial Intelligence Processing Technology Order for Airborne Electro-Optic Application

Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced it received a $4.7 million order from a leading defense prime contractor to provide artificial intelligence (AI) processing technology for integration into an advanced airborne electro-optic system. The order was booked in the Company’s fiscal 2020 third quarter and is expected to be shipped over the next several quarters.

“Mercury solutions are designed to be the most rugged, durable and highest performing available to meet the rigorous demands of military and commercial customers,” said Joe Plunkett, Mercury’s Vice President and General Manager for Mercury’s Sensor Processing group. “Our ability to provide datacenter-quality processing architecture in an embedded solution allows our customers to quickly extract critical information from electro-optical/infrared (EO/IR) imagery using the latest AI techniques. This technology underscores our commitment to Innovation That Matters by enabling our military to see further and with greater clarity, giving them a decisive edge in all tactical situations.”

Mercury is accelerating innovation for its customers as the Company bridges the gap between commercial technology and defense applications to meet the industry’s current and emerging needs.

Source: Mercury Systems
Date: Apr 10, 2020