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Mercury Systems Reports First Quarter Fiscal 2014 Results

Stocks in this article: MRCY

August – Mercury announced that its MDS subsidiary received a $2.3 million delivery order from the U.S. Navy for advanced DRFM jammers to support both U.S. Navy and U.S. Air Force requirements. The order is part of the firm-fixed-price, indefinite delivery/indefinite quantity time and material contract award worth up to $44.4 million originally received by MDS in March 2010, which has been recently extended by the U.S. Navy for an additional 63 units for a total contract value of $56.7 million. All other terms and conditions remain unchanged from the original contract award.

August – Mercury announced that its Mercury Commercial Electronics facility in Hudson, N.H., received a Superior security rating in a recent vulnerability assessment conducted by the Defense Security Service (DSS). This Superior rating, the highest level awarded to cleared defense contractors by DSS, represents a two-level improvement from the facility's previous rating, and follows on the heels of Superior ratings already received at Mercury's headquarters facility in Chelmsford, MA, its Mercury Commercial Electronics facilities in Salem, NH and West Caldwell, NJ, as well as a recent Commendable rating received by its Mercury Commercial Electronics facility in Manteca, CA.

August – Mercury announced it had added further industry-leading capability to its portfolio of subsystem building blocks with the introduction of the DCM-2R2300-2T2300-OVPX FMC transceiver. The transceiver delivers coherent operation, with more than 1GHz of full instantaneous bandwidth and exceptional fidelity. With best-in-class features and performance for complex electronic warfare, electronic intelligence and radar applications, the transceiver provides excellent multichannel, high-resolution, synchronized and coherent signal processing.

July – Mercury announced it had received the coveted Supplier Excellence Award from Raytheon's Integrated Defense Systems business unit. The Special Affordability Award recognizes the Company for working in partnership with Raytheon to identify cost reduction opportunities and ensure market competitiveness for the Patriot Air and Missile Defense program.

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