Mercury (MRCY) Secures $13.2 Million Agreement From U.S. Navy

Mercury Systems (MRCY) announced that it has signed a $13.2 million agreement with the U.S. Navy to advance sensor processing technologies, which will allow radar and electronic warfare capabilities to be reduced by a significant time. Under this agreement, Mercury will develop a next-generation RF System-in-Package (SiP), which will integrate the latest commercial chips from the largest semiconductor provider within a lighter and smaller footprint. This agreement would help MRCY build on the RFS1140 SiP, w ...