Mercury Selected to Deliver Upgraded Processing Power for Polish Radar System
19 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 $14 million contract
from PIT-RADWAR S.A., a supplier of the Republic of Poland’s Armed
Forces, to deliver subsystem processing boards for a new mobile
radar system. Under this contract, Mercury will upgrade the system
architecture with a new design to improve performance, range, and
accuracy of the radar.
Mercury Systems processing solutions are high-performance,
rugged computing solutions designed for use in the most demanding
environments. This award includes Mercury’s HDS6605 board, which
provides the greatest, AI-enabling processing functionality and
high-capacity memory on a single, SWaP-optimized 6U OpenVPX server
processing blade. The HDS6605 securely turns massive amounts of
sensor data into actionable intelligence when and where it is
needed.
Why It MattersModern and next generation air
defense platforms need more processing capability for
compute-intense applications like AI and sensor processing, among
others. The Mercury International team has worked closely with
PIT-RADWAR for decades to provide the latest technologies from the
wider Mercury portfolio to offer agile manufacturing to support
PIT-RADWAR and the Polish Ministry of National Defence through
multiple radar programs.
“This contract demonstrates our ability to leverage the latest
in Mercury’s processing technology from the United States and then
design, integrate, build and test internationally, to deliver a
bespoke solution for the Polish Armed Services,” said Paul Tanner,
Vice President for Mercury’s International Growth Operations. “We
look forward to working with our Polish customers to deliver this
next generation technology that enables superior performance of
this new mobile radar system.”
The Polish Armed Forces Mobile Radar is an advanced radar system
developed by Poland for air defense operations. It offers
long-range surveillance and tracking capabilities, enabling the
detection of aerial threats such as aircraft and missiles. The
system enhances situational awareness and contributes to the
overall defense capabilities of the Polish Armed Forces.
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
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