NAVAIR Selects Mercury to Deliver Digital Head-Up Display for T-45 Goshawk Training Aircraft
12 Julho 2023 - 8:00AM
Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology
company that delivers processing power for the most demanding
aerospace and defense missions, received a five-year contract worth
as much as $83 million from the U.S. Naval Air Systems Command to
deliver high-definition, digital Head-Up Display (HUD) systems for
the T-45 Goshawk training aircraft. This firm-fixed-price delivery
order was issued under a previously awarded basic ordering
agreement. The Navy is the first customer to adopt Mercury’s
HUD1080 technology that enables aviators to see critical flight and
weapons data in real-time without taking their eyes off the sky.
Under this program, Mercury expects to deliver nearly 300 HUD
systems, with the first $45 million production order awarded in
conjunction with this contract. The T-45 Goshawk is a tandem-seat
jet trainer used to train Navy and Marine Corps aviators to fly the
U.S. military’s most advanced fighter jets, including the F/A-18E/F
Super Hornet, F-35 Lightning, and the EA-18G Growler, as well as
tactical airborne early warning aircraft such as the E-2 Hawkeye.
The new T-45 HUD with an integrated camera is based on Mercury’s
low-profile HUD design that minimizes pilot discomfort, enhances
situational awareness, and maximizes an aviator’s field-of-view. It
is also DAL-A certifiable—the highest level of design assurance
that can be applied to airborne systems—allowing it to be used for
critical flight and mission tasks such as landing on aircraft
carriers.
Why It MattersPilots must understand a wealth
of rapidly changing data while flying, and a HUD allows them to
maintain awareness of this information without having to take their
eyes off the sky to look down at multiple instruments. Current
training aircraft use older analog HUD systems that have a bulky
design, are out of production, and cannot integrate with the modern
enhanced vision systems used in today’s fighter jets. The
integration of Mercury’s HUD into the T-45 solves the obsolescence
problem for the aircraft and ensures pilots are trained in an
operationally realistic environment, as the systems are compatible
with upcoming T-45 avionics upgrades.
“The introduction of the HUD1080 expands Mercury’s display
technology portfolio and our ability to deliver mission-ready
technology and solutions for all aspects of the avionics
ecosystem,” said Mitch Stevison, Executive Vice President and
President of Mercury’s Mission Systems division. “We look forward
to delivering our digital HUD for the T-45 Goshawk, ensuring
today’s student pilots have the technology to train for current and
future missions.”
Mercury Systems – Innovation that Matters® by and for
People Who MatterMercury Systems is a technology company
that pushes processing power to the tactical edge, making the
latest commercial technologies profoundly more accessible for
today’s most challenging aerospace and defense missions. From
silicon to system scale, Mercury enables customers to accelerate
innovation and turn data into decision superiority. Mercury is
headquartered in Andover, Massachusetts, and has 24 locations
worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY)
Forward-Looking Safe Harbor StatementThis 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 strategic plan under a refreshed Board and
leadership team. 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 continued geopolitical unrest and
regional conflicts, competition, inflation, 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, 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 such as semiconductors,
production delays or unanticipated expenses including due to
performance quality issues or manufacturing execution issues, the
impact of the COVID-19 pandemic and 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 value creation initiatives such as 1MPACT, 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, such as the deductibility of internal
research and development, changes to interest rate swaps or other
cash flow hedging arrangements, changes to generally accepted
accounting principles, difficulties in retaining key employees and
customers, which difficulties may be impacted by the termination of
the Company’s announced strategic review initiative, unanticipated
challenges with the transition of the Company’s Chief Executive
Officer and Chief Financial Officer roles, 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 July 1, 2022 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.
MEDIA CONTACT
Michele DempseyPrincipal Public
RelationsMichele.Dempsey@mrcy.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/91e657c8-b328-4bc3-a35d-d33041af4618
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