U.S. Markets closed

Mercury Systems unit awarded $3.9M contract from U.S. Navy

Mercury Systems announced that its Mercury Defense Systems subsidiary has received a $3.9M initial contract award against its 5 year sole source basic ordering agreement to deliver advanced Digital RF Memory jammers to the U.S. Navy. The order is expected to be shipped by the end of Mercury's fiscal 2015 third quarter. The jammers will be delivered to the US Navy at Pt. Mugu, Calif., in support of training asset requirements. Through this and subsequent BOA contract awards, MDS and the US Navy will continue development of state-of-the-art techniques and target generation capabilities in conjunction with the advanced DRFM architecture developed under a prior Small Business Innovation Research Phase II.5 award previously issued to KOR Electronics, now Mercury Defense Systems.