Sophisticated Surveillance Radar Installed on UK Royal Navy's Type 23 Duke-class Frigate HMS Iron Duke as Part of Five-Year Refit Program
CHELMSFORD, Mass., March 18, 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, applauds BAE Systems Maritime Services on achieving a critical program milestone with the recent successful installation of its Advanced Radar Target Indication Situational Awareness and Navigation (ARTISAN) medium-range 3D naval surveillance radar on the HMS Iron Duke Type 23 frigate. Mercury's Application-ready subsystems (ARS) comprise the signal processing element of the ARTISAN system.
ARTISAN 3D radar is a leading-edge, maritime medium-range radar (MRR) designed to improve the performance of the Royal Navy's primary sensing capability, particularly when operating in a complex littoral, or shoreline, environment. The U.K. Ministry of Defense chose BAE Systems' ARTISAN 3D radar as the next generation of MRRs for the Type 23 frigates, amphibious ships and the new Queen Elizabeth-class aircraft carriers."We are proud of our continuing partnership with BAE and congratulate them on achieving this major program milestone," said Brian Hoerl, Vice President of Mercury's Commercial Electronics business unit. "BAE Systems selected Mercury for the ARTISAN program because of our unequalled domain expertise, superior ISR subsystem technology, and ability to design, deliver, and integrate scalable, high-performance computing systems that comprise Mercury and third-party components." Mercury's ARS solutions for the ARTISAN program combine open architecture high density VXS processing modules, a Serial Front Panel Data Port (sFPDP) sensor interface, and RapidIO ®-based switch fabric with the MultiCore Plus ® software suite, the company's comprehensive programming framework for multicore processing environments. Mercury's Services & Systems Integration (SSI) team provides integration services for third-party components used in the radar system. For more information on Mercury Systems, visit www.mrcy.com or contact Mercury at (866) 627-6951 or firstname.lastname@example.org. Mercury Systems – Innovation That Matters ™ Mercury Systems (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. We deliver innovative solutions, rapid time-to-value and world-class service and support to our prime contractor customers. Mercury Systems has worked on over 300 programs, including Aegis, Patriot, SEWIP, Gorgon Stare and Predator/Reaper. We are based in Chelmsford, Massachusetts. 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," 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 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 the U.S. Government's interpretation of federal procurement rules and regulations, market acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and divestitures or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, 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, 2012. 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.
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