Mercury Systems Receives $24.5 Million Contract for Satellite Program
Mercury Systems, Inc. (NASDAQ: MRCY), a leading technology company that focuses on providing mission-critical processing capabilities, has been awarded a significant contract worth $24.5 million. This contract involves developing a data processing and storage subsystem intended for a crucial U.S. Defense Department satellite program.
About the New Development
In collaboration with a prime contractor specializing in innovative space systems, Mercury is set to deliver a variety of these advanced subsystems. Leveraging Mercury’s extensive experience and commercial products, the subsystems will excel in data recording, processing, and integration tailored for defense applications.
Advanced Technology Features
Among the innovative components that Mercury will produce, the SCFE6933 processing board stands out. This board utilizes the powerful AMD Versal™ AI Core series FPGAs, along with the new RH304T solid-state data recorder. This device is designed to be radiation-tolerant and offers a significant capacity of 4.5 terabytes, ensuring robust data handling capabilities even in challenging environments.
Supporting National Security Missions
Joe Plunkett, Vice President of Mercury's Advanced Concepts Group, expressed pride in supporting this essential U.S. national security mission. Plunkett emphasized that the Mercury Processing Platform boasts a remarkable range of capabilities. These capabilities can be integrated in nearly infinite configurations, providing vital processing power right at the edge where it’s most needed.
The Unique Mercury Approach
Mercury's Chief Operating Officer, Roger Wells, highlighted that the company’s distinct methodologies and innovation-focused model played a significant role in securing this contract. By effectively integrating commercial products, Mercury can devise new and beneficial solutions tailored to defense and aerospace needs. This innovative strategy has unlocked significant potential for the company, paving the way for growth in upcoming years.
About Mercury Systems
Mercury Systems is renowned for its commitment to making advanced technologies more accessible, specifically for demanding aerospace and defense missions. Their Processing Platform allows clients to leverage innovative capabilities extending from silicon to system-wide solutions. This integrated approach transforms data into actionable insights with remarkable timeliness. Mercury products have been incorporated in more than 300 initiatives worldwide, impacting 35 countries and encompassing a broad spectrum of applications, from mission computing to sensor processing and command control systems. Mercury Systems is headquartered in Andover, Massachusetts, boasting 23 facilities globally.
Contact Information for Inquiries
For investor relations inquiries, Tyler Hojo, Vice President of Investor Relations, is reachable at Tyler.Hojo@mrcy.com. For media inquiries, reach out to Turner Brinton, Senior Director of Corporate Communications, at Turner.Brinton@mrcy.com.
Frequently Asked Questions
What contract has Mercury Systems secured recently?
Mercury Systems has secured a $24.5 million contract to develop a data processing subsystem for a U.S. Defense Department satellite program.
What technology will Mercury utilize for this project?
Mercury will use its SCFE6933 processing board, which features AMD Versal™ AI Core series FPGAs and the RH304T solid-state data recorder.
How does Mercury Systems contribute to national security?
Mercury develops crucial technologies that enhance mission-critical processing, which is vital for national defense initiatives.
How widespread are Mercury's technologies?
Mercury’s products and solutions are utilized in more than 300 programs across 35 countries, in various applications related to defense and aerospace.
Who can be contacted for more information at Mercury?
Tyler Hojo is the Vice President of Investor Relations, and Turner Brinton is the Senior Director of Corporate Communications for inquiries.
