Mercury Systems gets $32.5M LTSA for GPS modules
Mercury Systems announced it received a long term supplier agreement, LTSA, from a leading defense prime contractor to purchase up to $32.5 million of GPS SAASM receivers for a precision guided munitions application over a three year period. The order was booked in the Company's 2016 first quarter. "This long term agreement reflects Mercury Systems' ability to deliver high volume, leading edge, secure and rugged solutions in support of our defense industry partners," said Charlie Leader, Senior Vice President and General Manager, Mercury Systems. "Our advanced microelectronics solutions are designed and manufactured with very high levels of security, ruggedization and in very small form factors, essential for our customers and our warfighters."