Mercury Systems (MRCY) Announces $11.7M Order from Large Defense Contractor

September 27, 2016 4:21 PM EDT

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Mercury Systems, Inc. (NASDAQ: MRCY) received $11.7 million in follow-on orders from a leading defense prime contractor to provide radar subsystems and related digital processing technologies for a missile defense application. The orders were booked in the Company’s fiscal 2017 first quarter and are expected to be shipped over the next several quarters.

“For years Mercury’s best-of-breed technologies and rapid deployment have helped drive performance to unprecedented levels for this prime contractor’s missile defense applications,” said Didier Thibaud, Mercury’s Executive Vice President and Chief Operating Officer. “We are committed to delivering solutions that meet stringent platform requirements and provide significant affordability, portability and performance in a modular, commercially-developed OpenVPX architecture.”

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