Mercury Systems

Mercury Systems, Inc. (NASDAQ: MRCY) is an American multinational Tier 2[4] aerospace and defense technology company. It develops and manufactures computer hardware and software products including embedded processing modules and subsystems, avionics mission computers, rugged computer servers, and radio frequency (“RF”) and microwave components, modules, and subsystems.It serves customers in the aerospace, commercial aviation, defense, and security and intelligence industries.

Mercury Systems
TypePublic
IndustryAerospace and defense
Founded1981
HeadquartersAndover, Massachusetts,
United States
Key people
Mark Aslett[1]
(President/CEO)
Revenue$797 million USD (FY 2020)[2]
Number of employees
~1,900 (June 2020)[3]
Websitewww.mrcy.com

Mercury is based in Andover, Massachusetts, with more than 1900 employees in offices around the world and annual revenues of approximately US$797 million for its fiscal year ended June 30, 2020.[5]

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.[6]
  • In July 2005, Mercury Computer Systems acquired Echotek Corporation for approximately US$49 million.[7]
  • In January 2011, Mercury Computer Systems acquired LNX Corporation.[8]
  • 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.[9]
  • In November 2012, the company changed its name from Mercury Computer Systems to Mercury Systems.[10]
  • In December 2015, Mercury Systems acquired Lewis Innovative Technologies, Inc. (LIT).[11]

[12]

  • 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.[13]
  • 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.[14]
  • In July 2019, Mercury Systems acquired GECO Avionics, LLC for US$36.5 million.[15]
  • In December 2020, Mercury Systems acquired Physical Optics Corporation (POC) for $310 million.[16]

Facilities

Corporate headquarters

Mercury is headquartered in Andover, Massachusetts.[17]

Manufacturing centers

Mercury has redundant, scalable Advanced Microelectronic Centers (AMCs) operated 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][19]

Company Structure

Mercury has three major divisions:

  • Mission
  • Processing
  • Microelectronics

Mercury serves the following markets:

  • Acoustics
  • Artificial Intelligence
  • C2I
  • Commercial Infrastructure
  • Communications
  • Electronic Warfare
  • EO/IR
  • Joint All-Domain
  • Platform and Mission Management
  • Radar
  • Weapons

Mercury’s businesses are supported by several dedicated international operations including: Toronto, Canada; Silchester, United Kingdom; Tokyo, Japan; Geneva, Switzerland; Saint Martin, France; and Madrid, Spain.

References
  1. https://www.mrcy.com/company-information/management-team/
  2. "EDGAR Filings Mercury Systems".
  3. https://www.mrcy.com/company
  4. "Aerospace Suppliers - Aerospace Export".
  5. "EDGAR Filings Mercury Systems".
  6. "Mercury Systems Inc Common Stock - Nasdaq".
  7. https://www.mrcy.com/presscenter/pressreleases/pressrelease.aspx?id=1924
  8. https://www.mrcy.com/presscenter/pressreleases/pressrelease.aspx?id=14795
  9. "Military and Aerospace Electronics". Retrieved 15 November 2012.
  10. Mercury Systems (November 13, 2012) Mercury Computer Systems Announces Name Change to "Mercury Systems" press release.
  11. https://globenewswire.com/news-release/2015/12/16/796160/0/en/Mercury-Systems-Acquires-Lewis-Innovative-Technologies-Inc.html
  12. https://globenewswire.com/news-release/2016/11/03/886366/0/en/Mercury-Systems-to-Acquire-Mission-Computing-Company-Creative-Electronic-Systems.html
  13. https://www.mrcy.com/presscenter/pressreleases/pressrelease.aspx?id=16699
  14. http://mil-embedded.com/news/mercury-systems-acquires-richland-technologies/
  15. https://www.streetinsider.com/Corporate+News/Mercury+Systems+%28MRCY%29+Reports+Acquisition+of+Avionics+and+Mission+Computing+Business/15052919.html
  16. "Mercury Systems Completes Acquisition of Physical Optics Corporation". GlobeNewswire. 30 December 2020. Retrieved 7 January 2021.
  17. http://www.dmea.osd.mil/home.html
  18. "DMEA".
  19. "Mercury Systems Receives Fourth..."
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