CHELMSFORD, Mass., Dec. 22, 2016 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com), announced that it received a $10.8 million follow-on order against its 5 year
sole source basic ordering agreement (BOA) to deliver advanced Digital RF Memory (DRFM) jammers to the U.S. Navy. The order was
received in the Company's fiscal 2017 second quarter and is expected to be shipped over the next several quarters.
"This order reaffirms Mercury’s commitment to the advancement of DRFM hardware and software subsystems in support of the
warfighter,” said Brian Perry, President, Mercury Defense Systems. “Our advanced jammers provide U.S. aircrews with exposure and
training to ensure that the first time they encounter advanced electronic attack capabilities it is not in an actual combat
environment. These jammer capabilities are critical for continued U.S. air superiority, particularly in light of new and evolving
electronic warfare threats.”
For more information on Mercury Systems, visit mrcy.com or contact Mercury at (866) 627-6951 or info@mrcy.com.
Mercury Systems – Innovation That Matters™
Mercury Systems (NASDAQ:MRCY) is a leading commercial provider of secure sensor and mission processing subsystems. Optimized for
customer and mission success, Mercury’s solutions power a wide variety of critical defense and intelligence programs. Headquartered
in Chelmsford, Mass., Mercury is pioneering a next-generation defense electronics business model specifically designed to meet the
industry’s current and emerging technology needs. To learn more, visit www.mrcy.com.
Forward-Looking Safe Harbor 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 products and services described herein. You can identify these statements by
the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,”
“project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and similar expressions. 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 programs, the timing and amounts of such
funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of continued
geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing
engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in
technological advances and delivering technological innovations, changes in, or in the U.S. Government’s interpretation of, federal
export control or procurement rules and regulations, market acceptance of the Company's products, shortages in components,
production delays or unanticipated expenses due to performance quality issues with outsourced components, inability to fully
realize the expected benefits from acquisitions and restructurings, or delays in realizing such benefits, challenges in integrating
acquired businesses and achieving anticipated synergies, increases in interest rates, changes to export regulations, increases in
tax rates, 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 U.S.
Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2016. 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.
Mercury Systems and Innovation That Matters are trademarks of Mercury Systems, Inc. Other product and company names
mentioned may be trademarks and/or registered trademarks of their respective holders.
Contact: Robert McGrail, Director of Corporate and Investor Communications Mercury Systems, Inc. +1 978-967-1366 / rmcgrail@mrcy.com
