Business
Mercury Systems Awarded $24M Contract for Avionics Systems
ANDOVER, Mass., March 24, 2022 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical
About this update from Mercury Systems Inc
[{"type":"text","content":"ANDOVER, Mass., March 24, 2022 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), 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.” Mercury envisions, creates and delivers innovative technology solutions purpose-built to meet its customers most pressing high-tech needs. For more information, visit mrcy.com or contact Mercury at (866) 627-6951 or [email protected]. Mercury Systems – Innovation That Matters® Mercury Systems is a global commercial technology company serving the aerospace and defense industry. Headquartered in Andover, Mass., the company delivers trusted, secure open architecture processing solutions powering a broad range of mission-critical applications in the most challenging and demanding environments. Inspired by its purpose of delivering Innovation that Matters, By and For People Who Matter, Mercury helps make the world a safer, more secure place for all. To learn more, visit mrcy.com, or follow us on Twitter. Forward-Looking Safe Harbor StatementThis press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the equity awards discussed herein and to fiscal 2022 business performance and beyond and the Company’s plans for growth and improvement in profitability and cash flow. You can identify these statements...