UPDATE: Mercury Systems Receives $2.3M Order From US Navy for DRFM Jammers
Mercury Systems (Nasdaq: MRCY) a best-of-breed provider of commercially developed, open sensor and Big Data processing systems for critical commercial, defense and intelligence applications, announced that its Mercury Defense Systems subsidiary has received a $2.3M delivery order from the U.S. Navy for advanced Digital RF Memory (DRFM) jammers to support both U.S. Navy and U.S. Air Force requirements. The order is part of the firm-fixed-price, indefinite delivery/indefinite quantity (IDIQ) time and material contract award worth up to $44.4M originally received by KOR Electronics (now Mercury Defense Systems) in March 2010, which has been recently extended by the U.S Navy for an additional 63 units for a total contract value of $56.7M. All other terms and conditions remain unchanged from the original contract award.
"This award is a further acknowledgement of the Company's continuing effort to support the warfighter," said Kevin Carnino, President, Mercury Defense Systems. "Under this contract we will be producing a subset of our latest radar jamming technology. We are anticipating an additional release of a new multi-year IDIQ contract later this year, and will aggressively compete to supply that requirement as well. For over twenty years, Mercury Defense Systems' DRFM products have been used for self-protection, vulnerability assessment, training and radar environment simulation. Our successful performance under firm fixed price contracting is the cornerstone of our business."
For more information on Mercury Defense Systems, visit defense.mrcy.com or contact Mercury at (866) 627-6951 or firstname.lastname@example.org.
Mercury Systems – Innovation That Matters™
Mercury Systems (Nasdaq: MRCY) is a best-of-breed provider of commercially developed, open sensor and Big Data processing systems, software and services for critical commercial, defense and intelligence applications. We deliver innovative solutions, rapid time-to-value and world-class service and support to our prime contractor customers. Mercury Systems has worked on over 300 programs, including Aegis, Patriot, SEWIP, Gorgon Stare and Predator/Reaper. We are based in Chelmsford, Massachusetts. To learn more, visit www.mrcy.com.
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