CHELMSFORD, Mass., April 18, 2012 (GLOBE NEWSWIRE) -- Mercury Computer Systems, Inc. (Nasdaq:MRCY) (www.mc.com), a trusted provider of commercially developed application-ready ISR and EW subsystems for defense prime contractors, announced that it has received a contract from a major defense prime contractor to provide high performance digital signal processing modules and software to facilitate a technology refresh for the prime's airborne radar application. The Mercury solution and subsequent refresh will also protect the prime's significant investment in software development across a range of products. The design win is estimated to have a five year probable revenue value of approximately $30M.
"Mercury's outstanding working relationship with this customer, which has been forged through years of close collaboration, will help drive the success of this refresh," said Didier Thibaud, Senior Vice President and General Manager of Mercury Computer Systems' Advanced Computing Solutions business unit. "Our Systems and Services Integration (SSI) team will protect our customer's substantial software investment by leveraging existing tested and fielded intellectual property. We'll provide this same level of hands-on support throughout the next phase of the program as well."
This customer sought to move to a highly scalable, agile architecture that would serve their programmatic needs well into the future across a range of programs with varying computational requirements. Mercury's software, hardware and services solution, including environmental testing and system/board integration, will allow the customer to reuse millions of lines of legacy software code from older, proprietary architectures in a new, open standards-based architecture. This new architecture, which will continue to leverage Mercury's Scientific Algorithm Library (SAL), will easily address new programmatic iterations as they become available. Mercury's server-class hardware processing density and the high-speed performance of the customer's SAL-based applications combine to form a powerful solution that will deliver optimal radar performance.
For more information, visit mc.com or contact Mercury at (866) 627-6951 or info@mc.com.
Mercury Computer Systems, Inc. – Where Challenges Drive Innovation®
Mercury Computer Systems (www.mc.com) (Nasdaq:MRCY) is a best-of-breed provider of open, commercially developed, application-ready, multi-INT subsystems for defense prime contractors. With over 30 years of experience in embedded computing, superior domain expertise in radar, EW, EO/IR, C4I and sonar applications, and more than 300 successful program deployments including Aegis, Global Hawk and Predator, Mercury's Services and Systems Integration (SSI) team leads the industry in partnering with customers 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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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 contract described above. You can identify these statements by the use of the words "may," "will," "could," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," "likely," "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, 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, continued funding of defense programs, the timing of such funding, 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, 2011. 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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