Mercury Systems (MRCY) Receives $32.5M LTSA for GPS SAASM Receivers
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
Mercury Systems, Inc. (Nasdaq: MRCY) announced it received a long term supplier agreement (LTSA) from a leading defense prime contractor to purchase up to $32.5 million of GPS SAASM receivers for a precision guided munitions application over a three year period. The order was booked in the Company’s 2016 first quarter.
“This long term agreement reflects Mercury Systems' ability to deliver high volume, leading edge, secure and rugged solutions in support of our defense industry partners,” said Charlie Leader, Senior Vice President and General Manager, Mercury Systems. “Our advanced microelectronics solutions are designed and manufactured with very high levels of security, ruggedization and in very small form factors, essential for our customers and our warfighters.”
For more information on Mercury Systems, visit www.mrcy.com or contact Mercury at (866) 627-6951 or email@example.com.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Shenandoah Telecom Co (SHEN) Elects Kenneth Quaglio to Board of Directors
- Cellectar Biosciences (CLRB) Announces US Patent Granted for CLR 131 and CLR 125
- Chemical Financial (CHFC) Names Jeffrey Tate to Board of Directors