LMT - Mercury Systems Lockheed Martin to collaborate on sensor processing tech in Switzerland

Mercury Systems (NASDAQ:MRCY) and Lockheed Martin (LMT) said Tuesday they will collaborate on the development and manufacture of new sensor processing technologies. These technologies will be developed at MRCY's Geneva, Switzerland facility for applications such as radar signal processing, multi-sensor data fusion, AI and situational awareness. The contract, which has a potential lifetime value of $40M, supports LMT's offset deal with the Swiss govt. as part of Switzerland's planned procurement of 36 F-35A Lightning II aircraft related to the Air 2030 program. The collaboration will provide the highest levels of performance while maintaining the ability to reach the most critical levels of DO-254 and DO-178C safety certification. The partnership will help provide Switzerland and other nations "with some of the most advanced airborne defense systems in the world", the firms said.

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Mercury Systems, Lockheed Martin to collaborate on sensor processing tech in Switzerland