Mercury Systems Receives Supplier Excellence Award From Raytheon
Company Recognized for Outstanding Support for the Patriot Air and Missile
CHELMSFORD, Mass., July 16, 2013 (GLOBE NEWSWIRE) -- 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, announced it has received
the coveted Supplier Excellence Award from Raytheon's Integrated Defense
Systems (IDS) business unit. The special Affordability award recognizes the
Company for working in partnership with Raytheon to identify cost reduction
opportunities and ensure market competitiveness for the Patriot Air and
Missile Defense program.
Raytheon Companys Supplier Excellence
Mercury Systems receives Raytheon
Companys Supplier Excellence Award.
The special Affordability award
recognizes Mercury's collaboration with
Raytheon to identify cost reduction
opportunities and ensure market
competitiveness for the Patriot Air and
Missile Defense program. Pictured from
left to right are Robert Curbeam, VP of
Mission Assurance, Quality and Six
Sigma, Raytheon Integrated Defense
Systems (IDS), Alyssa Faulkner,
Associate Sales Manager, Mercurys
Services & Systems Integration Group,
Dan Crowley, President, Raytheon IDS
and Michael Shaughnessy, VP Integrated
Supply Chain, Raytheon IDS.
Raytheon's IDS business unit instituted the annual Supplier Excellence Awards
program to recognize suppliers who have provided outstanding service and
partnership in exceeding customer requirements. Six new award categories were
introduced this year with Gold, Silver and Bronze distinction that align to
key initiatives of the Raytheon IDS business strategy; continuous improvement,
innovation, affordability, global growth, partnership and flawless execution.
Suppliers were nominated by the programs, and key members of the Integrated
Supply Chain and Quality organizations reviewed the nominations for award
selection. Mercury Systems was recognized for the Affordability Bronze award
for working in partnership with Raytheon to identify cost reduction
opportunities to ensure market competitiveness.
"We're honored to be recognized as a Strategic Partner to Raytheon," said
Brian Perry, Vice President of Mercury's Services and System Integration
Group. "Mercury has been a key supplier of OpenVPX^™-based radar subsystems
for Raytheon's Patriot Air and Missile Defense System since 2009. Like
Raytheon, Mercury is committed to delivering innovative, affordable solutions
that provide both a strategic and tactical advantage for the warfighter."
The new Radar Digital Processor (RDP), part of the OpenVPX-based radar
subsystem developed by Mercury for Patriot, is a key upgrade that facilitates
Patriot's new capabilities while reducing total ownership cost. The upgrade
replaces 12,000 discrete analog and digital signal processing components with
a 12-part ruggedized commercial off-the-shelf processor, significantly
reducing size, weight and power requirements of the subsystem. The new RDP
increases the reliability of the digital processing system and related analog
components by 10 fold, resulting in a predicted 40 percent increase in overall
radar reliability. More importantly, it enables future capabilities through
software upgrades, including digital sidelobe cancelling, organic combat
identification, improved target detection, multifunction surveillance and the
full support of advanced PAC-3 missile enhancements.
For more information on Patriot, visit
www.raytheon.com/capabilities/products/patriot/. For more information on
Mercury's high performance signal and image processing solutions, visit
www.mrcy.com or contact Mercury at (866) 627-6951 or email@example.com.
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 restructurings 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
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.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=19911. The photo is also
available via AP PhotoExpress.
CONTACT: Robert McGrail, Director of Corporate Communications
+1 978-967-1366 / firstname.lastname@example.org
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