Metro

Mercury Systems receives $7.4M order for cockpit

Mercury Systems Inc

ANDOVER, Mass., March 03, 2022 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a pacesetter in trusted, safe mission-critical applied sciences for aerospace and protection, introduced it acquired a $7.4 million order from a number one protection prime contractor for lively matrix LCD (AMLCD) modules for use in a big space multi-function show cockpit utility. The order was acquired in Mercury’s fiscal 2022 second quarter and is predicted to be delivered over the following a number of quarters.

Why It Matters
Mercury’s high-resolution, rugged LCD modules are well-known within the business for his or her fast-switching pace and reliability enabling pilots to obviously see and reply to transferring targets.

“Advanced fighter aircraft require large, high quality and intuitive displays to integrate and visualize sensor, navigation and mission data to maximize pilot efficiency,” mentioned Jay Abendroth, vp, 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.”

Mercury envisions, creates, and delivers revolutionary expertise options purpose-built to satisfy its clients most urgent high-tech wants. For extra info, go to mrcy.com or contact Mercury at (866) 627-6951 or data@mrcy.com.

Mercury Systems – Innovation That Matters®
Mercury Systems is a worldwide industrial expertise firm serving the aerospace and protection business. Headquartered in Andover, Mass., the corporate delivers trusted, safe open structure processing options powering a broad vary of mission-critical purposes in probably the most difficult and demanding environments. Inspired by its objective of delivering Innovation that Matters, By and For People Who Matter, Mercury helps make the world a safer, safer place for all. To study extra, go to mrcy.com, or observe us on Twitter.

Forward-Looking Safe Harbor Statement
This press launch accommodates sure forward-looking statements, as that time period is outlined within the Private Securities Litigation Reform Act of 1995, together with these referring to the services mentioned herein and to fiscal 2022 enterprise efficiency and past and the Company’s plans for progress and enchancment in profitability and money circulation. You can determine these statements by way of the phrases “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and comparable expressions. These forward-looking statements contain dangers and uncertainties that would trigger precise outcomes to vary materially from these projected or anticipated. Such dangers and uncertainties embrace, however will not be restricted to, continued funding of protection applications, the timing and quantities of such funding, common financial and enterprise circumstances, together with unexpected weak spot within the Company’s markets, results of epidemics and pandemics corresponding to COVID, results of any U.S. Federal authorities shutdown or prolonged persevering with decision, results of continued geopolitical unrest and regional conflicts, competitors, adjustments in expertise and strategies of promoting, delays in finishing engineering and manufacturing applications, adjustments in buyer order patterns, adjustments in product combine, continued success in technological advances and delivering technological improvements, adjustments in, or within the U.S. Government’s interpretation of, federal export management or procurement guidelines and rules, adjustments in, or within the interpretation or enforcement of environmental guidelines and rules, market acceptance of the Company’s merchandise, shortages in or delays in receiving elements, manufacturing delays or unanticipated bills on account of efficiency high quality points with outsourced elements, lack of ability to completely notice the anticipated advantages from acquisitions, restructurings and worth creation initiatives corresponding to 1MPACT, or delays in realizing such advantages, challenges in integrating acquired companies and reaching anticipated synergies, results of shareholder activism, will increase in rates of interest, adjustments to industrial safety and cyber-security rules and necessities, adjustments in tax charges or tax rules, adjustments to rate of interest swaps or different money circulation hedging preparations, adjustments to usually accepted accounting rules, difficulties in retaining key workers and clients, unanticipated prices underneath fixed-price service and system integration engagements, and varied different components past our management. These dangers and uncertainties additionally embrace such extra danger components as are mentioned within the Company’s filings with the U.S. Securities and Exchange Commission, together with its Annual Report on Form 10-Okay for the fiscal 12 months ended July 2, 2021. The Company cautions readers to not place undue reliance upon any such forward-looking statements, which converse solely as of the date made. The Company undertakes no obligation to replace any forward-looking assertion to replicate occasions or circumstances after the date on which such assertion is made.

CONTACT
Robert McGrail, Director of Corporate Communications
Mercury Systems Inc.
+1 (978) 967-1366   |   robert.mcgrail@mrcy.com

Mercury Systems and Innovation That Matters are registered logos of Mercury Systems, Inc. Other product and firm names talked about could also be logos and/or registered logos of their respective holders.

Mercury Systems Inc