Mercury Systems (MRCY) “announced it was awarded a two-year, $17M development contract from a U.S. defense prime contractor for a program that leverages its Common Processing Architecture. For this follow-on program, Mercury will replace and upgrade the existing processing capabilities provided by another firm with the enhanced performance and security that its Common Processing Architecture delivers. With additional protection features including Mercury’s BuiltSECURE technology, the system will be eligible for export to allied nations to support forward-deployed operations. The award follows a separate $49M production agreement received in the first quarter that reflects the company’s progress in returning to full-rate production in its Common Processing Architecture product area.”
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