The US Navy has revealed plans to stop funding Mikros Systems’ (MKRS) Adaptive Diagnostic Electronic Portable Testset (ADEPT) programme for the fiscal year 2020.

The department has been funding the development, production and sustainment of the company’s ADEPT product line since 2002.

Earlier this month, Mikros received additional funding of more than $200k to provide engineering, technical and logistics support for its ADEPT maintenance workstation product.

In the last twelve months, the US Navy funding for engineering and technical support of the ADEPT product line amounted to $2.75m.

The funding decision will not affect the company’s other programmes that are being developed for the service, Mikros noted.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Mikros CEO Tom Meaney said: “Last week we had some bad news and also some very good news from the navy. On our flagship programme, the SYM-3 CBM system, we received a new delivery order from the navy in the amount of up to $15m to continue development and LCS installations.

“We are actively growing the SYM-3 programme for CBM applications on new equipment and new ship platforms, and we are confident that this recent order together with additional anticipated task orders under our $48m IDIQ Contract with Naval Surface Warfare Center, Port Hueneme Division will help offset lost revenue from the ADEPT programme in 2020.”

As part of the ADEPT programme, the company has delivered more than 200 Mikros’ ADEPT maintenance workstations for use on navy platforms, including cruisers and destroyers.

ADEPT performs preventive and corrective maintenance activities for complex electronic systems, such as the AN/SPY-1 radar.