About Mercury Systems, Inc.
Mercury Systems (formerly Mercury Computer Systems) delivers digital signals faster than a wing-footed messenger. The company makes real-time digital signal processing (DSP) systems for the homeland security, military and aerospace, and telecommunications markets. Its military systems process radar, sonar, and other signals. It also makes specialized electronics used in semiconductor wafer inspection and airport baggage screeners. Mercury Systems acts as a subcontractor to prime contractors such as
Mercury Systems operates in two business segments: Mercury Commercial Electronics (MCE), 88% of revenue, and Mercury Defense Systems (MDS) 12% of revenue. MCE provides specialized processing subsystems for defense and intelligence applications. Technologies and capabilities include embedded processing modules and subsystems, RF and microwave multi-function assemblies, and RF and microwave components.
MDS provides capabilities for systems used in electronic warfare (EW), electronic attack and electronic counter measure subsystems, signal intelligence, and radar environment test and simulation systems.
Mercury Systems has research and development centers and other facilities in the US (Alabama, California, Massachusetts, New Hampshire, New Jersey, and Virginia), Japan, and the UK. It generates more than 98% of sales from the US; Europe and the Asia-Pacific region each account for about 1%.
Sales and Marketing
Together, Raytheon, Northrop Grumman, and
Revenue jumped 12.5% in 2015 (ended June) to $234.8 million. In the previous two years revenue was stuck at about $208 million. Revenue in the MCE unit increased 18% in 2015 from projects such as the F-35 jet, Patriot missile, and the Surface Electronic Warfare Improvement Program (SEWIP).
Mercury posted a profit in 2014, $10.3 million, for the first time in three years. Better sales combined with lower operating costs to produce the profit.
After a series of acquisitions, Mercury restructured some operations as part of integrating new units into the company. It cut about 70 jobs and closed four facilities, relocating activities to its Advanced Microelectronics Center in Hudson, New Hampshire. It also completed the first phase of the Chelmsford, Massachusetts headquarters consolidation in 2014.
Mercury closed the sale of its Mercury Intelligence Systems in 2015. It sold the unit because it didn't fit into its core business.
As part of its investment in research and development, the company opened the second of four planned innovation centers. The new center is at Mercury's Chelmsford headquarters.
Mergers and Acquisitions
Mercury Systems uses acquisitions to add products, services, and technical capabilities.
In 2019 Mercury agreed to acquire American Panel Corp., which develops large area display technology, for about $100 million. The company's capabilities are used in the US Army's Apache attack helicopter and M1A2 Abrams battle tank as well as the F-35, F-15, F-16, and F-18 fighter jets.
In 2017 the company acquired Richland Technologies, which develops safety-critical and high integrity systems, software, and hardware, and safety-certification services for mission-critical applications. Richland also develops safety-certifiable embedded graphics software for commercial and military aerospace applications.
The Richland acquisition complements Mercury's 2016 purchase of Creative Electronic Systems, which also develops technology for mission critical technology for aviation and aerospace applications. The deals set up Mercury as a provider of secure and safety-critical subsystems for aerospace and defense.
50 MINUTEMAN RD
Andover, MA 01810-1008
Phone: 1 (978) 256-1300
Employer Type: Publicly Owned
Stock Symbol: MRCY
Stock Exchange: , NASDAQ
President and CEO: Mark Aslett
EVP, CFO, and Treasurer: Gerald M. Haines
Chairman: Vincent Vitto
Employees (This Location): 211
Employees (All Locations): 1,661
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