Mikros Systems Wins New Production Contract Award

Mikros Systems Wins New Production Contract Award

SHARE

US: Mikros Systems Corporation has bagged a major new production contract award valued at USD 5,000,000 for its ADEPT equipment, used by the US Navy to maintain advanced radar systems. The Navy plans to purchase fifty-four (54) ADEPT units over the next year, for a total contract value of USD 5,000,000. These systems will be deployed on Navy Aegis destroyers and cruisers to support the AN/SPY-1 radar in air defense and ballistic missile defense missions. These systems will join the 130 ADEPT units already deployed and in everyday use by the Navy. This contract adds to the engineering backlog currently in place. Mikros’ backlog is now at an all-time high of approximately USD 8,000,000. “We have been looking forward to this award for some time. It’s a major corporate milestone and validates all of the hard work we’ve done on ADEPT development. We are delighted that the Navy has chosen to move forward with ADEPT production,” said Mikros President Tom Meaney.

The new contract is the first Full Rate Production contract for the third-generation ADEPT system. A low rate initial production (LRIP) run of three units was recently completed to validate the new design. “We are ready here in Florida to execute this contract. We are putting assembly and quality control systems in place to ensure on-time delivery of high-quality equipment to the Navy,” said Mark Laureigh, Mikros Director of Operations.

Source: Mikro Systems