Market Overview

Mercury Systems Receives $1.5M Order From US Navy for DRFM Jammers

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Mercury Systems, Inc. (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 $1.5 million 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 $56.7 million. The IDIQ was originally received by KOR Electronics (now Mercury Defense Systems) in March 2010 and increased in 2013.

"This award is a further acknowledgement of the Company's continuing effort to support the warfighter," said Brian Perry, Vice President and General Manager of Mercury's Services and Systems Integration Group. "For more than 20 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."

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