Mercury Systems, Inc. (NASDAQ: MRCY) shares sank Thursday. The Andover, Mass.-based concern, a global technology company that delivers mission-critical processing to the edge, today announced it was awarded a contract from L3Harris Technologies (NYSE: LHX) to provide solid-state data recorders (SSDRs) for the U.S. Space Development Agency (SDA) Tranche 3 Tracking Layer satellite constellation.
L3Harris received a contract award in December to build 18 infrared satellites for the Tranche 3 Tracking Layer. These tracking layer satellites will enhance the SDA Proliferated Warfighter Space Architecture (PWSA) constellation that is designed to protect the United States from advanced missile threats, such as hypersonic missiles.
Mercury’s radiation-tolerant SSDRs are leveraged on all four tranches that L3Harris is developing for the PWSA Tracking Layer. Mercury recently completed delivery of SSDRs for all 18 of L3Harris’s Tranche 2 Tracking Layer satellites, after previously delivering data recorders for the Tranche 0 and Tranche 1 constellations.
“Mercury is proud to support L3Harris to deliver a next-generation, layered defense architecture that can track missile threats in real time to protect our homeland,” said Ken Hermanny, Mercury’s Senior Vice President of Processing Technologies. “As the United States accelerates hardware production across all battlefield domains, Mercury is taking proactive measures to increase manufacturing capacity and efficiency in our operations.”
MRCY shares collapsed $2.44, or 3.3%, to $72.31, while those for LXH lost $1.86 to $352.01.
Tech Insider
