July 29, 2022-
Mercury Systems, Inc. (NASDAQ: MRCY), 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.”
Source : Mercury Systems
Publish date: November 2019 - Pages: 238