Mercury Systems, Inc. (NASDAQ: MRCY), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced it received a $24 million contract award from a leading defense prime contractor for avionics systems to be used in a rotary wing platform for the vertical heavy lift market. The order was booked in the Company’s fiscal 2022 third quarter and is expected to be shipped over the next several quarters.
Why It Matters:
Mercury’s innovative technology will enable faster, safer and more efficient mission performance on land or at sea, improving operational capabilities of critical avionics systems while increasing payload and range.
"This award further demonstrates the value Mercury provides to leading prime contractors as a trusted partner in delivering high-performance systems,” said Jay Abendroth, vice president, Mercury Mission. "As an independent domestic supplier of open mission systems, our commitment to R&D, innovative solutions and breadth of experience enables our customers to meet the challenges of today’s adversarial environments.”
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Published: July 2018 - Pages: 239 pages
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Source: Mercury Systems
Date: Mar 25, 2022
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