Mercury Systems, Inc. has secured a $12.3 million development contract from a defense prime contractor to create an avionics subsystem for a new U.S. military aircraft.
Under the three-year arrangement executed in July, Mercury will engineer a Communication Management Unit (CMU) control head that consolidates and oversees multiple cockpit communications systems and is anticipated to be installed on a new aircraft fleet. “The Mercury Processing Platform provides distinctive technologies that improve the pilot–machine interface to support faster, more informed decisions,” said Tom Smelker, Mercury’s Senior Vice President of Processing Technologies. “This award represents a new product from our Displays and Networking product line with a new customer and new end-user, reflecting their confidence in our capability to develop and deliver a critical hardware component for this mission.”
This new contract highlights the ongoing technological demands within the aerospace and defense sector. Mercury’s products and solutions are fielded in more than 300 programs and across 35 countries.
This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual outcomes to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, ongoing funding for defense programs, the timing and amounts of such funding, general economic and business conditions, and competitive pressures.
The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company assumes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.
