Chelmsford Defense Firm Nets $30M Contract
DigitalArt
Chelmsford-based Mercury Computer Systems announced that it has won a contract to refresh a major defense contractor's airborne radar systems.
The publicly traded firm – which brought in $228.7 million in revenue during its most recent fiscal year – did not disclose the name of its customer, but said the deal would last five years and be worth an estimated $30 million.
The deal comes on the heels of two other announced orders in the past month totaling nearly $8 million.
Mercury plans to disclose its third-quarter earnings today. For its second quarter, which ended Dec. 31, Mercury reported $67.9 million in revenue, up from $55.5 million during the same quarter in 2010.
Mercury said it's providing digital signal processing modules and software to the contractor, which will help facilitate an update of its airborne radar application.
A spokesman for the company, Robert McGrail, said in an email that Mercury was under confidentiality requirements that forbade it from disclosing the customer or where the work will take place.
Didier Thibaud, senior vice president of Mercury's advanced computing solutions division, said in a statement that the contract is the result of "years of close collaboration."
Though it seems to remain secretive about its customers' identities when announcing new contracts, Mercury's financial filings with the U.S. Securities and Exchange Commission shed some light on whom its largest customers are.
In 2011, Mercury's biggest customers – accounting for 51 percent of revenue – included Northrop Grumman Corp., Raytheon (which has operations in Northborough and Marlborough) and Lockeed Martin, according to filings.
Heavy On Radar Applications
More than half of Mercury's revenues last year came from its radar applications. Its products include intelligence, surveillance and reconnaissance (ISR) systems, electronic warfare systems, sonar, and some commercial products such as airport baggage scanning.
Its systems can be found in the Aegis Ballistic Missile Defense System, in Northrop Grumman's Global Hawk unmanned aerial vehicle as well in Predator drones.
The company was founded in 1981 and has approximately 600 employees, most of whom are based in the United States, where it has eight sites, including its 93,000-square-foot facility on Riverneck Road in Chelmsford.
Mercury also has a presence in the United Kingdom and Japan.
Correction: The Thursday, April 19 MetroWest495 Biz email incorrectly stated the name of the Westborough real estate firm owned by Pam Pinto. The name is Realty Direct Metrowest.
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