Mercury Systems Receives $20.5M Integrated Subsystem Order from US Navy

Mercury Systems, Inc announced that it received a $20.5 million follow-on order against a previously announced $152 million 5-year sole source basic ordering agreement (BOA) to deliver integrated subsystems to the U.S. Navy in support of both Navy and Air Force training environments. The order was received in the Company's fiscal 2018 fourth quarter and is expected to be shipped over the next several quarters. In total, Mercury received orders of $28.9M in the Company’s fiscal 2018 fourth quarter against this BOA, with follow-on orders anticipated to continue through the life of the agreement.

“We are honored to support this critical military program with our SWaP-optimized subsystems that reliably operate in harsh and hostile environments,” said Brian Perry, President, Mercury Defense Systems. “The U.S. Navy and Air Force can confidently select Mercury Systems to ensure the warfighter gains confidence in their ability to be prepared for their role in the battlespace against sophisticated threats.”