Mercury Systems, Inc. (NASDAQ: MRCY), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced it received a $7.4 million order from a leading defense prime contractor for active matrix LCD (AMLCD) modules to be used in a large area multi-function display cockpit application. The order was received in Mercury’s fiscal 2022 second quarter and is expected to be delivered over the next several quarters.
Why It Matters
Mercury’s high-resolution, rugged LCD modules are well-known in the industry for their fast-switching speed and reliability enabling pilots to clearly see and respond to moving targets.
“Advanced fighter aircraft require large, high quality and intuitive displays to integrate and visualize sensor, navigation and mission data to maximize pilot efficiency,” said Jay Abendroth, vice president, Mercury Mission. “Our award of this order underscores our innovative approach in providing a complete ecosystem of safe airborne technologies to the Navy, Air Force, and foreign military sales using cutting-edge display technology built with supply chain integrity and long-term program lifecycle support. With a transformational business model at the intersection of high tech and defense uniquely aligned with the National Defense Strategy, Mercury has created a competitive advantage through significant investment and its unparalleled ability to deliver customer solutions with innovation and speed.”
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Source: Mercury Systems
Date: Mar 7, 2022
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