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Dec 20, 2010 at 12:00 AM EST
Mercury Computer Systems Wins Subcontract to Supply ITT Electronic Systems with Embedded Computing Technology for JCREW 3.3 Phase III Counter-IED Program
Mercury Computer Systems Wins Subcontract to Supply ITT Electronic Systems with Embedded Computing Technology for JCREW 3.3 Phase III Counter-IED Program
CHELMSFORD, Mass., Dec 20, 2010 (BUSINESS WIRE) --
Mercury Computer Systems Inc. (NASDAQ: MRCY, www.mc.com), a trusted ISR subsystems provider, confirmed that it has been awarded a subcontract by ITT Electronic Systems to deliver products and services for the JCREW (Joint Counter-Radio Controlled Improvised Explosive Device) 3.3 program. As recently announced by ITT Electronic Systems, the U.S. Naval Sea Systems Command has exercised the third option of the JCREW 3.3 contract and has awarded ITT the development of this next generation counter-IED system, designed to detect, prevent, and neutralize IEDs, the single biggest threat faced by in-theatre forces today. IEDs, such as roadside bombs, are frequently employed in terrorist-based or unconventional warfare, and have been a primary cause of death in recent military activity, because they are very difficult to detect and destroy.
ITT Electronic Systems chose Mercury for several reasons. The JCREW 3.3 specification requires open architecture-based software-enabled implementations; ITT believed that Mercury's leadership in open architecture (exemplified by OpenVPX) and proficiency in subsystem application development would ably satisfy these requirements. ITT has cited other valuable factors, including expertise in electronic warfare turnkey professional engineering services, and rapid production capabilities, for selecting Mercury.
"Mercury is very excited to be an integral part of the JCREW program with ITT, a leading supplier of electronic warfare technologies, to help provide counter IED subsystem solutions," stated Randy Dean, Vice President of Product Line Management at Mercury. "The unique electronic warfare capabilities that we are providing to ITT will ensure a technically superior and timely counter IED implementation." Paul Mueller, Vice President and General Manager Force Protection Systems, ITT Electronic Systems, added: "I am confident that together, ITT and Mercury are an ideal team to develop systems and technology so critical to mission success and survivability. We feel that teaming with Mercury was a very significant factor in winning this program."
All electronic warfare applications involve access to the electromagnetic spectrum, denying access for enemies, and ensuring access for allied forces. The counter-IED application is an example of active electronic warfare, which not only searches the electromagnetic spectrum for energy, but also takes action to mitigate that energy. The counter-IED technology that Mercury will supply to ITT is based on the previously announced active electronic warfare solutions. Mercury offers 3U and 6U OpenVPX product lines specifically designed and optimized for high-density processing, high memory bandwidth, and I/O, key features required for active electronic warfare.
For more information on Mercury's subsystem solutions, visit http://www.mc.com, or contact Mercury at (866) 627-6951 or info@mc.com.
Mercury Computer Systems, Inc. - Where Challenges Drive Innovation®
Mercury Computer Systems (www.mc.com, NASDAQ: MRCY) is a best of breed provider of open, application-ready, multi-INT subsystems for the ISR market. With 25+ years' experience in embedded computing, superior domain expertise in radar, EW, EO/IR, C4I, and sonar applications, and more than 300 successful program deployments including Aegis, Global Hawk, and Predator, Mercury's Services and Systems Integration team leads the industry in partnering with customers to design and integrate system-level solutions that minimize program risk, maximize application portability, and accelerate customers' time to market.
Mercury is based in Chelmsford, Massachusetts, and serves customers worldwide through a broad network of direct sales offices, subsidiaries, and distributors.
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 provided to ITT for the contract described above. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," 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, 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, continued funding of defense programs, the timing of such funding, 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, 2010. 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.
Challenges Drive Innovation is a registered trademark of Mercury Computer Systems, Inc. OpenVPX is a trademark of VITA. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.
SOURCE: Mercury Computer Systems Inc.
Mercury Computer Systems, Inc.
Robert McGrail, 978-967-1366
Director of ACS Marketing & Corporate Communications
rmcgrail@mc.com
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