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Stock impact report

Mercury Systems and Lockheed Martin sign memorandum of agreement to collaborate on sensor processing technology in Switzerland

Mercury Systems Inc (MRCY) 
Last mercury systems inc earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.mrcy.com/overview-0
Company Research Source: GlobeNewswire
ANDOVER, Mass., May 10, 2022 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, and Lockheed Martin (NYSE: LMT) announced they signed an agreement to collaborate on the development and manufacture of new sensor processing technologies at Mercury’s Geneva, Switzerland facility for a wide variety of applications such as radar signal processing, multi-sensor data fusion, artificial intelligence and situational awareness. With a potential lifetime value of $40 million, the contract supports Lockheed Martin’s offset agreement with the Swiss government as part of Switzerland’s planned procurement of 36 F-35A Lightning II aircraft related to the Air 2030 program. Why It Matters:This cooperation between Lockheed Martin and Mercury will help provide Switzerland and other nations with some of the most advanced airborne defense systems in the world. The local industry in western Switzerlan Show less Read more
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