ANDOVER, Mass., Sept. 28, 2017 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com) announced it received $11.5 million in follow-on orders from a leading defense
prime contractor for BuiltSAFE™ computing modules to be used in Command, Control, Communications, Computers, and Intelligence (C4I)
subsystems. The subsystems will be deployed in both manned and unmanned platforms as well as their associated ground stations. The
orders were booked in the Company’s fiscal 2018 first quarter and are expected to be shipped over the next several quarters.
“Skillful execution by our manufacturing team continues to deliver high quality and on-time delivery for this very
demanding customer," said Ian Dunn, Mercury’s Vice President of Sensor and Mission Processing. “As part of an open systems
architecture, these BuiltSAFE computing modules enable rapid deployment of the C4I subsystems.”
For more information, visit www.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 Andover, 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, 2017. 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.
Contact:
Robert McGrail, Director of Corporate Communications
Mercury Systems, Inc.
+1 978-967-1366 / rmcgrail@mrcy.com
Mercury Systems, Innovation That Matters, and BuiltSAFE are trademarks of Mercury Systems, Inc. Other product and
company names mentioned may be trademarks and/or registered trademarks of their respective holders.
