CHELMSFORD, Mass., Oct. 16, 2012 (GLOBE NEWSWIRE) -- KOR Electronics, a subsidiary of Mercury Computer Systems, Inc. (Nasdaq:MRCY) ( www.mc.com ), announced today that it has received a 5 year sole source basic ordering agreement (BOA) from the U.S. Navy. This BOA supports the continued development of state-of-the-art techniques and target generation capabilities in conjunction with the advanced Digital RF Memory (DRFM) architecture developed under a prior Small Business Innovation Research (SBIR) Phase II.5 award issued to KOR Electronics. The BOA provides for research and development, production, engineering services and ongoing support and is valued at up to $58M.
"This agreement is a perfect example of how the SBIR program can benefit our country's defense and small business," said Kevin Carnino, KOR Electronics President and Chief Executive Officer. "Under this agreement we will be producing a subset of our latest advanced radar jammer equipment. Our successive and continuing technology development allows us to continually provide state of the art performance and best value to our customers and ultimately to the warfighter."
For more information on KOR's innovative digital RF solutions, visit korelectronics.com.About KOR Electronics KOR Electronics ( www.korelectronics.com ), a subsidiary of Mercury Computer Systems, is a leading supplier of subsystem-level solutions for defense prime contractors supporting the worldwide Defense and Intelligence communities. KOR is headquartered in Cypress, California. Mercury Computer Systems, Inc. – Where Challenges Drive Innovation ® Mercury Computer Systems ( www.mc.com ) (Nasdaq:MRCY) is a best-of-breed provider of commercially developed, open sensor and Big Data processing systems, software and services for critical commercial, defense and intelligence applications. With over 30 years of experience in embedded computing, superior domain expertise in radar, EW, SIGINT, EO/IR and C4I applications, and more than 300 successful program deployments, Mercury's Services and Systems Integration (SSI) team leads the industry in partnering with defense prime contractors to design and integrate system-level solutions that minimize program risk, maximize application portability, and accelerate customers' time to market. Mercury is based in Chelmsford, Massachusetts, and serves customers worldwide through a broad network of direct sales offices, subsidiaries, and distributors.
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