This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Mercury Systems Congratulates Lockheed Martin On Ground-breaking Test Of Aegis Ballistic Missile Defense System

CHELMSFORD, Mass., February 26, 2013 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (Nasdaq:MRCY) ( www.mrcy.com), a best-of-breed provider of commercially developed, open sensor and Big Data processing systems for critical commercial, defense and intelligence applications, congratulates Lockheed Martin on the successful performance of its Aegis Ballistic Missile Defense (BMD) system during the U.S. Missile Defense Agency's Flight Test Standard Missile-20 (FTM-20) exercise recently conducted near the Pacific Missile Range Facility, on Kauai, Hawaii. Mercury's Application-ready subsystems (ARS) are integrated as core technologies in the second-generation Aegis BMD system.

The test, which used satellite-based information for the first time, successfully resulted in the intercept of a medium-range ballistic missile target over the Pacific Ocean by a Standard Missile-3 (SM-3) Block IA guided missile. After receiving information from space tracking and surveillance systems satellites integrated through Lockheed Martin's Command and Control, Battle Management, and Communications (C2BMC), the USS Lake Erie (CG 70) launched the SM-3 missile before its SPY-1 radar detected the target. The ship's Aegis system, also developed by Lockheed Martin, guided the missile using information from the satellites until the target was detected and tracked by the SPY-1 radar.

"This test marks the 9th time in three years that the USS Lake Erie and her crew have successfully performed at-sea operations against cruise and ballistic missile targets using the second-generation Aegis BMD system powered by Mercury's high-performance signal processing technology," said Didier Thibaud, President of Mercury's Commercial Electronics business unit. "We are proud to have delivered technology that contributed to what has been described as one of the sea-based Aegis BMD system's most 'significant milestones' and extend our congratulations to Lockheed Martin and all those involved in the program."

Aegis BMD's recently upgraded signal processor, designed and developed by Mercury, enables the Navy to defeat more sophisticated ballistic missile threats using improved target identification capabilities. It includes an open architecture BMD computing suite that improves overall system capabilities and enables future insertion of more off-the-shelf products, third-party components and turn-key solutions.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,626.29 +185.70 1.06%
S&P 500 2,095.29 +27.65 1.34%
NASDAQ 5,096.8030 +57.0270 1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs