CHELMSFORD, Mass. – February 26, 2013 – Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a best-of-breed provider of commercially developed, open sensor and Big Data processing systems for critical commercial, defense and intelligence applications, congratulates Lockheed Martin on the successful performance of its Aegis Ballistic Missile Defense (BMD) system during the U.S. Missile Defense Agency’s Flight Test Standard Missile-20 (FTM-20) exercise recently conducted near the Pacific Missile Range Facility, on Kauai, Hawaii. Mercury’s Application-ready subsystems (ARS) are integrated as core technologies in the second-generation Aegis BMD system.
The test, which used satellite-based information for the first time, successfully resulted in the intercept of a medium-range ballistic missile target over the Pacific Ocean by a Standard Missile-3 (SM-3) Block IA guided missile. After receiving information from space tracking and surveillance systems satellites integrated through Lockheed Martin’s Command and Control, Battle Management, and Communications (C2BMC), the USS Lake Erie (CG 70) launched the SM-3 missile before its SPY-1 radar detected the target. The ship’s Aegis system, also developed by Lockheed Martin, guided the missile using information from the satellites until the target was detected and tracked by the SPY-1 radar.
“This test marks the 9th time in three years that the USS Lake Erie and her crew have successfully performed at-sea operations against cruise and ballistic missile targets using the second-generation Aegis BMD system powered by Mercury’s high-performance signal processing technology,” said Didier Thibaud, President of Mercury’s Commercial Electronics business unit. “We are proud to have delivered technology that contributed to what has been described as one of the sea-based Aegis BMD system’s most ‘significant milestones’ and extend our congratulations to Lockheed Martin and all those involved in the program.”
Aegis BMD’s recently upgraded signal processor, designed and developed by Mercury, enables the Navy to defeat more sophisticated ballistic missile threats using improved target identification capabilities. It includes an open architecture BMD computing suite that improves overall system capabilities and enables future insertion of more off-the-shelf products, third-party components and turn-key solutions.
For more information on Mercury Systems, visit www.mrcy.com or contact Mercury at (866) 627-6951 or [email protected].
Mercury Systems – Innovation That Matters™
Mercury Systems (NASDAQ:MRCY) is a best-of-breed provider of commercially developed, open sensor and Big Data processing systems, software and services for critical commercial, defense and intelligence applications. We deliver innovative solutions, rapid time-to-value and world-class service and support to our prime contractor customers. Mercury Systems has worked on over 300 programs, including Aegis, Patriot, SEWIP, Gorgon Stare and Predator/Reaper. We are based in Chelmsford, Massachusetts. To learn more, visit www.mrcy.com.
Forward-Looking Safe Harbor Statement
This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government’s interpretation of federal procurement rules and regulations, market acceptance of the Company’s products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and divestitures or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2012. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.
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Contact:
Robert McGrail, Director of Corporate Communications
Mercury Systems
+1 978-967-1366 / [email protected]
Mercury Systems and Innovation That Matters are trademarks of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.
