{"id":802492,"date":"2025-01-21T07:05:00","date_gmt":"2025-01-21T12:05:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mercury-to-develop-data-processing-subsystem-for-u-s-satellite-program\/"},"modified":"2025-01-21T07:05:00","modified_gmt":"2025-01-21T12:05:00","slug":"mercury-to-develop-data-processing-subsystem-for-u-s-satellite-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mercury-to-develop-data-processing-subsystem-for-u-s-satellite-program\/","title":{"rendered":"Mercury To Develop Data Processing Subsystem for U.S. Satellite Program"},"content":{"rendered":"
\n

ANDOVER, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com<\/u><\/a>), a technology company that delivers mission-critical processing power to the edge, today announced it was awarded a $24.5 million contract to develop a data processing and storage subsystem for a U.S. Defense Department satellite program.<\/p>\n

Under a contract with an innovative space systems prime contractor, Mercury will deliver a number of these subsystems that leverage its commercial products and deep expertise in data recording, data processing, and subsystem integration for defense applications. The solution features Mercury\u2019s SCFE6933<\/u><\/a> processing board that employs AMD Versal\u2122 AI Core series FPGAs and the company\u2019s new RH304T<\/u><\/a> solid-state data recorder, a radiation-tolerant 3U device with 4.5 terabytes of capacity.<\/p>\n

\u201cWe are proud to support this critical U.S. national security mission,\u201d said Joe Plunkett, Vice President of Mercury\u2019s Advanced Concepts Group, which was formed to drive innovative, next-generation technology solutions for customers. \u201cThe Mercury Processing Platform has an incredible breadth of capabilities that can be integrated in virtually limitless ways to enable mission-critical processing at the edge.\u201d<\/p>\n

\u201cMercury was chosen to develop this subsystem because of our unique model and approach to innovation, where commercial products can be leveraged to create new and valuable solutions,\u201d said Roger Wells, Mercury\u2019s Chief Operating Officer. \u201cThis success is owed in no small part to the more integrated organizational structure we put in place last year, which has unlocked Mercury\u2019s potential and will fuel our growth in the years ahead.\u201d<\/p>\n

\n Mercury Systems \u2013 Innovation that matters\u00ae<\/sup><\/strong>
\n
Mercury Systems is a technology company that delivers mission-critical processing power to the edge, making advanced technologies profoundly more accessible for today\u2019s most challenging aerospace and defense missions. The Mercury Processing Platform allows customers to tap into innovative capabilities from silicon to system scale, turning data into decisions on timelines that matter. Mercury\u2019s products and solutions are deployed in more than 300 programs and across 35 countries, enabling a broad range of applications in mission computing, sensor processing, command and control, and communications. Mercury is headquartered in Andover, Massachusetts, and has 23 locations worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY)\u00a0<\/p>\n

\n Forward-Looking Safe Harbor Statement<\/strong>
\n
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 Company’s focus on enhanced execution of the Company’s strategic plan. You can identify these statements by the words \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cplans,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201ccontinue,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201clikely,\u201d \u201cforecast,\u201d \u201cprobable,\u201d \u201cpotential,\u201d 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 and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company\u2019s markets, effects of any U.S. federal government shutdown or extended continuing resolution, effects of geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in or cost increases related to completing development, engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. government\u2019s interpretation of, federal export control or procurement rules and regulations, changes in, or in the interpretation or enforcement of, environmental rules and regulations, market acceptance of the Company’s products, shortages in or delays in receiving components, supply chain delays or volatility for critical components, production delays or unanticipated expenses including due to quality issues or manufacturing execution issues, capacity underutilization, increases in scrap or inventory write-offs, failure to achieve or maintain manufacturing quality certifications, such as AS9100, the impact of supply chain disruption, inflation and labor shortages, among other things, on program execution and the resulting effect on customer satisfaction, inability to fully realize the expected benefits from acquisitions, restructurings, and operational efficiency initiatives or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, effects of shareholder activism, increases in interest rates, changes to industrial security and cyber-security regulations and requirements and impacts from any cyber or insider threat events, changes in tax rates or tax regulations, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, litigation, including the dispute arising with the former CEO over his resignation, 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 28, 2024 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. 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.<\/p>\n

\n INVESTOR CONTACT<\/strong>
\n
Tyler Hojo
Vice President, Investor Relations
Tyler.Hojo@mrcy.com<\/p>\n

\n MEDIA CONTACT<\/strong>
\n
Turner Brinton
Senior Director, Corporate Communications
Turner.Brinton@mrcy.com<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

ANDOVER, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced it was awarded a $24.5 million contract to develop a data processing and storage subsystem for a U.S. Defense Department satellite program. Under a contract with an innovative space systems prime contractor, Mercury will deliver a number of these subsystems that leverage its commercial products and deep expertise in data recording, data processing, and subsystem integration for defense applications. The solution features Mercury\u2019s SCFE6933 processing board that employs AMD Versal\u2122 AI Core series FPGAs and the company\u2019s new RH304T solid-state data recorder, a radiation-tolerant 3U device with 4.5 terabytes of capacity. \u201cWe are … <\/p>\n

Continue reading “Mercury To Develop Data Processing Subsystem for U.S. Satellite Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-802492","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMercury To Develop Data Processing Subsystem for U.S. Satellite Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mercury-to-develop-data-processing-subsystem-for-u-s-satellite-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mercury To Develop Data Processing Subsystem for U.S. Satellite Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ANDOVER, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced it was awarded a $24.5 million contract to develop a data processing and storage subsystem for a U.S. Defense Department satellite program. Under a contract with an innovative space systems prime contractor, Mercury will deliver a number of these subsystems that leverage its commercial products and deep expertise in data recording, data processing, and subsystem integration for defense applications. The solution features Mercury\u2019s SCFE6933 processing board that employs AMD Versal\u2122 AI Core series FPGAs and the company\u2019s new RH304T solid-state data recorder, a radiation-tolerant 3U device with 4.5 terabytes of capacity. \u201cWe are … Continue reading "Mercury To Develop Data Processing Subsystem for U.S. Satellite Program"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/mercury-to-develop-data-processing-subsystem-for-u-s-satellite-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-21T12:05:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzNDAzMCM2NzAwMDczIzIwMDU2NzI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mercury-to-develop-data-processing-subsystem-for-u-s-satellite-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mercury-to-develop-data-processing-subsystem-for-u-s-satellite-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Mercury To Develop Data Processing Subsystem for U.S. Satellite Program\",\"datePublished\":\"2025-01-21T12:05:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mercury-to-develop-data-processing-subsystem-for-u-s-satellite-program\\\/\"},\"wordCount\":887,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mercury-to-develop-data-processing-subsystem-for-u-s-satellite-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMzNDAzMCM2NzAwMDczIzIwMDU2NzI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mercury-to-develop-data-processing-subsystem-for-u-s-satellite-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mercury-to-develop-data-processing-subsystem-for-u-s-satellite-program\\\/\",\"name\":\"Mercury To Develop Data Processing Subsystem for U.S. Satellite Program - 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