Mercury Systems receives $10m contract award for airborne radio modernisation programme

The radio system, built specifically for missions that depend on beyond line-of-sight range, requires the space efficient, affordable and modular communications connection that Mercury’s processing solution delivers. The award was received in the Company’s fiscal 2022 fourth quarter and is expected to be delivered over the next several years.

Why it matters

As more and more data require processing and management, simplifying the communications control interface helps aircrews make mission-critical decisions more quickly and with confidence.

“Our customer depends on Mercury to help them solve their most safety-critical processing challenges,” said Jay Abendroth, vice president, Mercury Mission. “In delivering a communications management solution that is space efficient, reliable and upgradeable, we are proud to play a role in supporting our customer’s desire to ensure pilot and mission safety.”

Mercury envisions, creates, and delivers innovative technology solutions purpose-built to meet its customers' most pressing high-tech needs.

Mercury Systems: Innovation that matters

Mercury Systems is a global commercial technology company serving the aerospace and defense industry. Headquartered in Andover, Mass., the company delivers trusted, secure open architecture processing solutions powering a broad range of mission-critical applications in the most challenging and demanding environments. Inspired by its purpose of delivering Innovation that Matters, By and For People Who Matter, Mercury helps make the world a safer, more secure place for all.

Forward-looking safe harbour statement

This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the equity awards discussed herein and to fiscal 2022 business performance and beyond and the company’s plans for growth and improvement in profitability and cash flow.

These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programmes, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the company’s markets, effects of epidemics and pandemics such as COVID, effects of any US Federal government shutdown or extended continuing resolution, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programmes, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the US Government’s interpretation of, federal export control or procurement rules and regulations, changes in, or in the interpretation or enforcement of environmental rules and regulations, market acceptance of the company's products, shortages in or delays in receiving components, production delays or unanticipated expenses due to performance quality issues with outsourced components, inability to fully realise the expected benefits from acquisitions, restructurings and value creation initiatives such as 1MPACT, or delays in realising such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, effects of shareholder activism, increases in interest rates, changes to industrial security and cyber-security regulations and requirements, changes in tax rates or tax regulations, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company's filings with the US Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended July 2, 2021.

The company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.