ANDOVER, Mass., July 28, 2022 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced it was awarded an $8 million contract from a leading aerospace and defense company to design and develop video switching technology for an intelligence, surveillance and reconnaissance (ISR) application for rotary-wing aircraft. The contract was received on April 1, 2022, has an estimated lifetime value of approximately $25 million, and is expected to be delivered over the next several quarters.
Why It Matters
As the volume of video captured by airborne platforms continues to rapidly increase, streamlining the video distribution process provides pilots with essential information more quickly, enabling them to focus on the mission at hand.
“Our customers leverage Mercury’s end-to-end processing capabilities to build their most sophisticated safety-critical aerospace systems,” said Paul Tanner, vice president, international growth operations. “As an independent domestic supplier of key open mission systems, this contract enables Mercury to fulfill our commitment to deliver affordable purpose-built solutions to our customer in support of their desire to ensure pilot and mission safety.”
Mercury envisions, creates, and delivers innovative technology solutions purpose-built to meet its customers’ most pressing high-tech needs. For more information, visit mrcy.com or contact Mercury at (866) 627-6951 or info@mrcy.com.
Mercury Systems – Innovation That Matters®
Mercury Systems is a global commercial technology company serving the aerospace and defense industry. Headquartered in Andover, Mass., the company delivers trusted, secure open architecture processing solutions powering a broad range of mission-critical applications in the most challenging and demanding environments. Inspired by its purpose of delivering Innovation that Matters, By and For People Who Matter, Mercury helps make the world a safer, more secure place for all. To learn more, visit mrcy.com, or follow us on Twitter.
