Airbus and Mercury Systems announce strategic partnership
ANDOVER, Massachusetts and MUNICH, Germany, May 25, 2021 (GLOBE NEWSWIRE) – Airbus Defense and Space and Mercury Systems, Inc., (NASDAQ: MRCY, www.mrcy.com), a leader in critical and secure technologies for aerospace and defense, today announced their cooperation in the field of autonomous computer programs and flight control.
Formalized by a framework cooperation agreement, the two leading companies in the sector have shown their firm commitment to advancing a strategic partnership agreement in the research, demonstration, validation and certification of autonomous computer programs and flight control, in particular the algorithms and the execution environment.
The complementary capabilities of the Geneva division Mercury Mission Systems International in the fields of mission computing, safety critical avionics and platform management capabilities for aerospace and defense platforms and Airbus Defense and Space as a global supplier of military aircraft, defense systems and earth observation products / services will help provide better solutions and products to customers.
Airbus Defense and Space Marketing and Sales Director Dr. Bernhard Brenner underlines the importance of this cooperation: âAt Airbus, we are committed to innovating and being a pioneer in aerospace. Through this cooperation, we will further strengthen our activities by developing future solutions and products for piloted or autonomous flight. As Mercury is one of our award-winning suppliers, I am particularly pleased that we are able to extend our successful cooperation with this agreement. This agreement is also another Airbus commitment to its Swiss partners, in particular in safety-related technology and industry. “
âThis important initiative further strengthens our long-standing relationship with Airbus to foster key advancements in secure and reliable autonomous technology,â said Didier Thibaud, Executive Vice President and Chief Operating Officer of Mercury. âAt the intersection of high tech and defense, we collaborate with industry leaders like Airbus to deliver the most innovative and purpose-built mission computing solutions to help them meet their business commitments and strengthen their leadership on the world market.
Examples of successful cooperation between Airbus Defense and Space and Mercury are the development of a high performance computing platform by Mercury for the Airbus A3R automatic refueling system on board the A330 SMART MRTT tanker aircraft and the contribution in equipment and systems for Airbus platforms such as the C295. In 2019, Mercury received the award for best performance for equipment and systems by Airbus.
About Airbus Airbus is the pioneer of sustainable aerospace for a safe and united world. The company is constantly innovating to provide efficient, state-of-the-art solutions in aerospace, defense and connected services. In commercial aircraft, Airbus offers modern, fuel-efficient airliners and related services. Airbus is also a European leader in defense and security and one of the world’s leading space companies. In the helicopter business, Airbus provides the world’s most efficient civil and military rotorcraft solutions and services.
About Mercury Systems Mercury Systems is a global commercial technology company serving the aerospace and defense industry. Headquartered in Andover, Massachusetts, USA, the company provides reliable and secure open architecture processing solutions powering a wide range of mission-critical applications in the harshest and most demanding environments. Inspired by its goal of delivering innovation that matters, by and for the people who matter, Mercury helps make the world a safer and more secure place for everyone.
This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described in this document and to the business performance of fiscal year 2021 and to the beyond and to the growth and growth plans of the company. improved profitability and cash flow. You can identify these statements by using the words “may”, “will”, “could”, “should”, “would”, “foresee”, “expect”, “foresee”, “continue”, “estimate,” “Project”, “intention”, “probable”, “foreseen”, “probable”, “potential” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, epidemics and pandemics such as COVID, the effects of any US federal government shutdown or prolonged ongoing resolution, the effects of ongoing geopolitical unrest and regional conflicts, competition, technological changes and marketing methods, delays in the completion of engineering and manufacturing programs, changes in customer ordering patterns, changes in the product line, success in technological advancements and delivery of technological innovations, changes in or in the United States government’s interpretation of federal rules and regulations relating to the control of shipments ortations or procurement, market acceptance of the Company’s products, component shortages, production delays or unforeseen expenses due to performance quality issues with outsourced components, inability to fully realize the expected benefits of acquisitions and restructurings, or delays in realizing these benefits, challenges in integrating acquired businesses and achieving expected synergies, increases in interest rates, changes in regulations and industrial safety requirements and cybersecurity, changes in tax rates, tax regulations, changes in interest rate swaps or other cash flow hedging arrangements, changes in generally accepted accounting principles, difficulties retaining key employees and customers, unforeseen costs related to fixed price service commitments and sys integration tems, and various other factors beyond our control. These risks and uncertainties also include additional risk factors as discussed in documents filed by the company with the United States Securities and Exchange Commission, including its annual report on Form 10-K for the year ended 3 July 2020. The company cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date they are posted. The Company assumes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.
Mercury Systems and Innovation That Matters are registered trademarks of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and / or registered trademarks of their respective holders.
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