Mercury Wins New Development Program That Leverages Its Common Processing Architecture
Mercury Systems (NASDAQ: MRCY) has secured a two-year, $17 million development contract from a U.S. defense prime contractor to implement its Common Processing Architecture. The company will upgrade existing processing capabilities with enhanced performance and security features, including BuiltSECURE™ technology, making the system eligible for export to allied nations.
This follows a separate $49 million production agreement received in Q1, indicating Mercury's successful return to full-rate production in its Common Processing Architecture product line. The company's processing platform is currently deployed in over 300 programs across 35 countries, supporting various aerospace and defense missions.
Mercury Systems (NASDAQ: MRCY) ha ottenuto un contratto di sviluppo di due anni del valore di 17 milioni di dollari da un primario appaltatore della difesa statunitense per implementare la sua Architettura di Elaborazione Comune. L'azienda aggiornerà le capacità di elaborazione esistenti con prestazioni migliorate e caratteristiche di sicurezza avanzate, inclusa la tecnologia BuiltSECURE™, rendendo il sistema idoneo per l'esportazione verso le nazioni alleate.
Ciò segue un accordo di produzione separato del valore di 49 milioni di dollari ricevuto nel primo trimestre, che indica il ritorno di successo di Mercury alla produzione a pieno ritmo nella propria linea di prodotti per l'Architettura di Elaborazione Comune. La piattaforma di elaborazione dell'azienda è attualmente utilizzata in oltre 300 programmi in 35 paesi, supportando varie missioni nel settore aerospaziale e della difesa.
Mercury Systems (NASDAQ: MRCY) ha logrado un contrato de desarrollo de dos años por un valor de 17 millones de dólares con un contratista principal de defensa de EE.UU. para implementar su Arquitectura de Procesamiento Común. La compañía mejorará las capacidades de procesamiento existentes con un rendimiento y características de seguridad mejoradas, incluida la tecnología BuiltSECURE™, haciendo que el sistema sea elegible para la exportación a naciones aliadas.
Esto sigue un acuerdo de producción separado de 49 millones de dólares que se recibió en el primer trimestre, lo que indica el exitoso retorno de Mercury a la producción a plena capacidad en su línea de productos de Arquitectura de Procesamiento Común. La plataforma de procesamiento de la empresa se utiliza actualmente en más de 300 programas en 35 países, apoyando diversas misiones en el ámbito aeroespacial y de defensa.
머큐리 시스템즈 (NASDAQ: MRCY)는 미국 방산 주계약자로부터 1,700만 달러의 2년 개발 계약을 체결하여 공통 처리 아키텍처를 구현할 예정입니다. 이 회사는 BuiltSECURE™ 기술을 포함한 성능 및 보안 기능을 강화하여 기존의 처리 능력을 업그레이드하여 시스템을 동맹국으로의 수출에 적합하게 만듭니다.
이는 1분기에 수령한 4,900만 달러의 별도의 생산 계약에 이어지는 것으로, 머큐리가 공통 처리 아키텍처 제품군에서 성과적으로 정상 생산으로 복귀했다는 것을 나타냅니다. 이 회사의 처리 플랫폼은 현재 35개국에 걸쳐 300개 이상의 프로그램에 배치되어 있으며, 다양한 항공우주 및 방산 임무를 지원하고 있습니다.
Mercury Systems (NASDAQ: MRCY) a obtenu un contrat de développement de deux ans d'une valeur de 17 millions de dollars d'un principal contractant de défense américain pour mettre en œuvre son Architecture de Traitement Commun. L'entreprise mettra à niveau les capacités de traitement existantes avec des performances améliorées et des fonctionnalités de sécurité avancées, y compris la technologie BuiltSECURE™, rendant le système éligible pour l'exportation vers des nations alliées.
Cela fait suite à un accord de production distinct d'une valeur de 49 millions de dollars reçu au premier trimestre, indiquant le retour réussi de Mercury à la production en pleine capacité dans sa gamme de produits d'Architecture de Traitement Commun. La plateforme de traitement de l'entreprise est actuellement déployée dans plus de 300 programmes dans 35 pays, soutenant diverses missions aérospatiales et de défense.
Mercury Systems (NASDAQ: MRCY) hat einen zweijährigen 17 Millionen Dollar Entwicklungsauftrag von einem US-Verteidigungsprimärauftragnehmer gesichert, um seine Gemeinsame Verarbeitungsarchitektur umzusetzen. Das Unternehmen wird die bestehenden Verarbeitungsfähigkeiten mit verbessertem Leistungs- und Sicherheitsfeatures, einschließlich der BuiltSECURE™-Technologie, aufrüsten, wodurch das System für den Export in verbündete Nationen geeignet wird.
Dies folgt einer separaten 49 Millionen Dollar Produktionsvereinbarung, die im ersten Quartal erhalten wurde, was auf die erfolgreiche Rückkehr von Mercury zur Vollproduktion in seiner Produktlinie der Gemeinsamen Verarbeitungsarchitektur hinweist. Die Verarbeitungsplattform des Unternehmens ist derzeit in über 300 Programmen in 35 Ländern im Einsatz und unterstützt verschiedene Luft- und Raumfahrt- sowie Verteidigungsmissionen.
- Secured new $17 million development contract over two years
- Previously won $49 million production agreement in Q1
- Successfully returning to full-rate production in Common Processing Architecture
- System eligible for export to allied nations, expanding market reach
- Strong presence with 300+ programs across 35 countries
- None.
Insights
The
The Common Processing Architecture's enhanced performance capabilities and export eligibility create a dual-value proposition: domestic defense superiority and international market access. This positions Mercury to capture additional market share in the growing edge computing defense sector, where processing capabilities are increasingly critical for modern warfare systems.
The timing of these contracts suggests an acceleration in defense modernization efforts, particularly in processing capabilities for forward-deployed operations. The contract win validates Mercury's investment in its processing platform and indicates strong execution in resolving previous production challenges.
The combined value of
The return to full-rate production is particularly noteworthy, as it addresses previous investor concerns about manufacturing execution. This development could lead to improved working capital efficiency and better cash flow conversion. The export potential to allied nations opens up significant revenue diversification opportunities, potentially reducing dependence on domestic defense spending cycles.
ANDOVER, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced it was awarded a two-year,
For this follow-on program, Mercury will replace and upgrade the existing processing capabilities provided by another firm with the enhanced performance and security that its Common Processing Architecture delivers. With additional protection features including Mercury’s BuiltSECURE™ technology, the system will be eligible for export to allied nations to support forward-deployed operations.
The award follows a separate
“These awards and others demonstrate the strong demand for secure, high-performance processing solutions at the edge, as well as our customers’ confidence in our ability to deliver these capabilities at the necessary speed and scale,” said Tom Smelker, Mercury’s Senior Vice President of Processing Technologies.
Mercury Systems – Innovation that matters®
Mercury Systems is a technology company that delivers mission-critical processing power to the edge, making advanced technologies profoundly more accessible for today’s most challenging aerospace and defense missions. The Mercury Processing Platform allows customers to tap into innovative capabilities from silicon to system scale, turning data into decisions on timelines that matter. Mercury’s products and solutions are deployed in more than 300 programs and across 35 countries, enabling a broad range of applications in mission computing, sensor processing, command and control, and communications. Mercury is headquartered in Andover, Massachusetts, and has 23 locations worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY)
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 Company's focus on enhanced execution of the Company's strategic plan. You can identify these statements by the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” 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 and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of any U.S. federal government shutdown or extended continuing resolution, effects of geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in or cost increases related to completing development, engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. government’s interpretation of, federal export control or procurement rules and regulations, changes in, or in the interpretation or enforcement of, environmental rules and regulations, market acceptance of the Company's products, shortages in or delays in receiving components, supply chain delays or volatility for critical components, production delays or unanticipated expenses including due to quality issues or manufacturing execution issues, capacity underutilization, increases in scrap or inventory write-offs, failure to achieve or maintain manufacturing quality certifications, such as AS9100, the impact of supply chain disruption, inflation and labor shortages, among other things, on program execution and the resulting effect on customer satisfaction, inability to fully realize the expected benefits from acquisitions, restructurings, and operational efficiency initiatives or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, effects of shareholder activism, increases in interest rates, changes to industrial security and cyber-security regulations and requirements and impacts from any cyber or insider threat events, changes in tax rates or tax regulations, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, litigation, including the dispute arising with the former CEO over his resignation, 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 28, 2024 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. 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.
INVESTOR CONTACT
David Williams
Mercury Investor Relations
David.Williams@mrcy.com
MEDIA CONTACT
Turner Brinton
Senior Director, Corporate Communications
Turner.Brinton@mrcy.com
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