Mercury Systems Explained

Mercury Systems, Inc.
Former Name:	Mercury Computer Systems, Inc.
Type:	Public
Key People:	William L. Ballhaus^[1] (Interim President/CEO)
Industry:	Aerospace and defense
Revenue:	(2022)^[2]
Operating Income:	(2022)
Net Income:	(2022)
Equity:	(2022)
Num Employees:	2,386 (2022)

Mercury Systems, Inc. is a technology company serving the aerospace and defense industry. It designs, develops and manufactures open architecture computer hardware and software products, including secure embedded processing modules and subsystems, avionics mission computers and displays, rugged secure computer servers, and trusted microelectronics components, modules and subsystems.

Mercury sells its products to defense prime contractors, the US government and original equipment manufacturer (OEM) commercial aerospace companies.

Mercury is based in Andover, Massachusetts, with more than 2300 employees and annual revenues of approximately US$988 million for its fiscal year ended June 30, 2022.^[3]

History

• Founded on July 14, 1981 as Mercury Computer Systems by Jay Bertelli.
• Went public on the Nasdaq stock exchange on January 30, 1998, listed under the symbol MRCY.^[4]
• In July 2005, Mercury Computer Systems acquired Echotek Corporation for approximately US$49 million.^[5]
• In January 2011, Mercury Computer Systems acquired LNX Corporation.^[6]
• In December, 2011, Mercury Computer Systems acquired KOR Electronics for US$70 million,
• In August 2012, Mercury Computer Systems acquired Micronetics for US$74.9 million.^[7]
• In November 2012, the company changed its name from Mercury Computer Systems to Mercury Systems.^[8]
• In December 2015, Mercury Systems acquired Lewis Innovative Technologies, Inc. (LIT).^[9]
• In November 2016, Mercury Systems acquired Creative Electronic Systems for US$38 million.^[10]
• In April 2017, Mercury Systems acquired Delta Microwave, LLC (“Delta”) for US$40.5 million, enabling the Company to expand into the satellite communications (SatCom), datalinks and space launch markets.^[11]
• In July 2017, Mercury Systems acquired Richland Technologies, LLC (RTL), increasing the Company's market penetration in commercial aerospace, defense platform management, C4I, and mission computing.^[12]
• In January 2019, Mercury Systems acquired GECO Avionics, LLC for US$36.5 million.^[13]
• In December 2020, Mercury Systems acquired Physical Optics Corporation (POC) for $310 million.^[14]
• In May 2021, Mercury Systems acquired Pentek for $65.0 million.^[15]
• In November, 2021 Mercury Systems acquired Avalex Technologies Corporation^[16] and Atlanta Micro, Inc.^[17]
• In August, 2023 Mercury Systems appointed William L. Ballhaus as the president and CEO.

Facilities

Manufacturing centers

Mercury manufactures in New England, New York Metro-area, Southern California and a trusted DMEA facility in the Southwest, which has Missile Defense Agency approval and AS9100 certification. Four Mercury sites have been awarded the James S. Cogswell Award for Outstanding Industrial Security Achievement Award by the Defense Counterintelligence and Security Agency (DCSA).^[18]

Notes and References

1. Web site: Leadership Team. www.mrcy.com.
2. Web site: Inline XBRL Viewer. www.sec.gov.
3. Web site: EDGAR Filings Mercury Systems.
4. Web site: Mercury Systems Inc Common Stock – Nasdaq.
5. Web site: Mercury Systems Acquires Echotek . Mergr.
6. Web site: Mercury Computer Announces Acquisition of LNX Corporation, Provides Preliminary Results for Second Quarter of Fiscal 2011 . Benzinga.
7. Web site: Military and Aerospace Electronics . 10 August 2012 . 15 November 2012.
8. Mercury Systems (November 13, 2012) Mercury Computer Systems Announces Name Change to "Mercury Systems" press release.
9. Mercury Systems Acquires Lewis Innovative Technologies, Inc. . December 16, 2015 . GlobeNewswire News Room.
10. Mercury Systems to Acquire Mission Computing Company Creative Electronic Systems . November 3, 2016 . GlobeNewswire News Room.
11. Mercury Systems Acquires Delta Microwave . 3 April 2017 . GlobeNewswire News Room.
12. Web site: Mercury Systems acquires Richland Technologies – Military Embedded Systems . militaryembedded.com . OpenSystems Media.
13. Web site: Mercury Systems (MRCY) Reports Acquisition of Avionics and Mission Computing Business. StreetInsider.com.
14. 30 December 2020. Mercury Systems Completes Acquisition of Physical Optics Corporation. 7 January 2021. GlobeNewswire.
15. Web site: Mercury Systems Acquires Pentek for $65 Million. everythingRF.
16. Mercury Systems completes acquisition of Avalex Technologies. GlobeNewswire. 8 November 2021 .
17. Mercury Systems acquires Atlanta Micro. GlobeNewswire. 29 November 2021 .
18. 6 August 2020. Mercury Systems Receives Fourth....