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Stock impact report

Mercury Systems Receives Follow-on Contract from U.S. Navy for DRFM Jammers

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., March 20, 2017 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com), announced that it received a follow-on five year sole source basic ordering agreement (BOA) from the U.S. Navy to deliver advanced Digital RF Memory (DRFM) subsystems supporting jamming in a multi-threat environment. Valued at up to $153M, the order was received in the Company's fiscal 2017 third quarter and provides for research and development, production, engineering services and ongoing support. Work will be performed at the Company’s Cypress, Calif. facility with a period of performance from March, 2017 through February, 2022.       “This award showcases Mercury's ability to deliver open standards-based, leading-edge DRFM subsystems that bring real value to our customer and ultimately, the warfighter,” said Brian Perry, President of Mercury Defense Systems. “Our DRFM solutions have been used for over three decades for training and radar environment simulation, vulnerability as Show less Read more
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