Mercury Systems

Rugged Servers Market to grow by USD 751.25 million from 2022 to 2027 | Increased adoption of cloud applications is one of the market drivers - Technavio

Retrieved on: 
Monday, July 10, 2023
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Only the military expenditure of countries has an impact on the market for rugged servers in the Military and Defense sectors.

Key Points: 
  • Only the military expenditure of countries has an impact on the market for rugged servers in the Military and Defense sectors.
  • The increased adoption of cloud applications is a major factor notably driving the global rugged servers market growth.
  • This initial cost of procurement of rugged equipment impedes its adoption across applications, thus negatively impacting the market for rugged servers.
  • Strategic collaborations among market participants is the key factor driving the growth of the global rugged smartphone market.

Mercury Systems Advances Go-Forward Strategic Plan Through Continued Board Refreshment

Retrieved on: 
Thursday, July 6, 2023
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Mr. O’Brien said, “The changes to our Board’s leadership reflect the natural evolution of the Mercury Board to guide the Company’s next chapter.

Key Points: 
  • Mr. O’Brien said, “The changes to our Board’s leadership reflect the natural evolution of the Mercury Board to guide the Company’s next chapter.
  • Scott has a thorough understanding of our business, a proven investment record and shares the Board’s vision for moving Mercury forward.
  • JANA believes Jerry DeMuro and Roger Krone are excellent additions to the Board and will support both nominees at the upcoming annual meeting.
  • As of the Annual Meeting, the Board will be comprised of nine directors, five of whom will have been appointed to the Board in the past two years.

Scientific Systems Hires Air Force Veteran David "Heat" Lyons as VP of Business Development

Retrieved on: 
Thursday, July 6, 2023
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He is a retired United States Air Force Colonel who commanded at the squadron, group, and installation level, in and out of combat.

Key Points: 
  • He is a retired United States Air Force Colonel who commanded at the squadron, group, and installation level, in and out of combat.
  • As an F-16 Fighter Pilot, Lyons is a graduate of the United States Air Force Weapons School and later returned as an instructor.
  • Lyons has served in staff assignments at the Headquarters Air Force, Sub-Unified Command, and the Joint Research, Development, Test, and Evaluation level at DARPA.
  • Lyons was previously the Growth Lead at Spectrum Systems, Mercury Systems.

Mercury Systems Announces Appointments of Chief Financial Officer and Independent Director

Retrieved on: 
Thursday, June 29, 2023
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ANDOVER, Mass., June 29, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced the continuation of its previously announced Board of Directors and leadership refreshment process, with the appointments of:

Key Points: 
  • Mr. Farnsworth brings decades of experience as a financial expert within the technology defense industry.
  • He was previously the CFO of HawkEye 360, and prior to that, Vice President and CFO of Raytheon’s Integrated Defense Systems business and its Intelligence, Information and Services segment.
  • Roger Krone, former Chairman and Chief Executive Officer of Leidos, as an independent director, effective June 28, 2023.
  • We are excited for him to bring his passion for the customer to Mercury as we enhance our focus on operational excellence and execution of our strategy.

Kirby McInerney LLP Continues Investigation of Shareholder Claims Against Mercury Systems Inc. (MRCY)

Retrieved on: 
Tuesday, June 27, 2023
Class Action Lawsuit, Professional Services, Legal, Kirby, MRCY, Mercury, Mercury Systems, Research, Acquisition, Glass house, News, Private investigator

The law firm of Kirby McInerney LLP is investigating potential claims against Mercury Systems Inc. (“Mercury” or the “Company”) (NASDAQ: MRCY ).

Key Points: 
  • The law firm of Kirby McInerney LLP is investigating potential claims against Mercury Systems Inc. (“Mercury” or the “Company”) (NASDAQ: MRCY ).
  • The investigation concerns whether Mercury and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
  • Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.
  • Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com .

MRCY Shareholder News: Johnson Fistel Encourages Mercury Systems Shareholders with Losses to Contact the Firm Regarding Investigation

Retrieved on: 
Monday, June 26, 2023
LLP, Growth, Mercury Systems, MRCY, SAN, Mercury

The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.

Key Points: 
  • The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
  • If you purchased Mercury common stock and suffered significant losses on your investment, join our investigation now:
    There is no cost or obligation to you.
  • On July 26, 2022, Glass House Research released a short report regarding Mercury’s operations.
  • Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program.

Mercury Systems to Focus on Enhanced Execution of Strategic Plan Under Refreshed Leadership Team

Retrieved on: 
Friday, June 23, 2023
Interim, Mercury Systems, Senior, MRCY, Confidentiality, Sale, Goldman Sachs, Citigroup, Annual general meeting, Interim management, Eve Air Mobility, CFO, United, Independent, Management, Mercury

ANDOVER, Mass., June 23, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (the “Company” or “Mercury”) (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced that following a comprehensive review of strategic alternatives, the Board of Directors of Mercury (the “Board”) has determined that enhanced execution of the Company’s strategic plan under a refreshed leadership team represents the best path forward to drive value creation for all stakeholders at this time. In connection with this determination, the Company also announced a series of leadership and Board changes, including the initiation of a President and Chief Executive Officer transition, the appointment of a new independent director, and the identification of a second new independent director and a permanent Chief Financial Officer.

Key Points: 
  • Following a comprehensive review of strategic alternatives, during which we engaged with multiple interested parties, the Board ultimately determined that accelerated and focused execution of our strategic plan, under the guidance of a recently refreshed Board and leadership team, represents the best path forward for the Company.
  • Mr. Ballhaus succeeds Mark Aslett, who has resigned from his role as President and CEO of the Company.
  • The proposals ultimately received did not yield options for a sale that would reflect the intrinsic value of the Company.
  • Accordingly, the independent members of the Board unanimously determined to conclude the sale process and instead focus on all potential opportunities to create value, including through the enhanced execution of the Company’s strategic plan under refreshed leadership.

Mercury Introduces ROCK 4 Mission Computer That Sets New Performance Standard for Small Form-factor Avionics

Retrieved on: 
Thursday, June 15, 2023
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ROCK 4 changes the paradigm by allowing existing air- and ground-based platforms to be rapidly upgraded with new sensors and mission applications that increase safety and effectiveness.

Key Points: 
  • ROCK 4 changes the paradigm by allowing existing air- and ground-based platforms to be rapidly upgraded with new sensors and mission applications that increase safety and effectiveness.
  • ROCK 4 mission computers feature Mercury’s proven BuiltSAFE commercial-off-the-shelf (COTS) elements and artifacts, which have been tested, certified, and fielded over three decades on airborne platforms to deliver optimal performance and accelerate safety-critical systems integration.
  • Some of the first customers for ROCK 4 include several European police forces that needed to upgrade existing helicopter fleets.
  • Mercury provided a solution that packages three ROCK 4 mission computers together with a video switch.

Mercury Systems Hosts U.S. Senator Jeanne Shaheen at its Hudson Facility

Retrieved on: 
Wednesday, June 14, 2023
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“We were honored to welcome Senator Jeanne Shaheen to our Hudson facility to share the work our dedicated and skilled workforce is doing to accelerate innovation and deliver mission-critical capabilities to our military customers,” said Brian Perry, Mercury’s Senior Vice President for Mission Systems.

Key Points: 
  • “We were honored to welcome Senator Jeanne Shaheen to our Hudson facility to share the work our dedicated and skilled workforce is doing to accelerate innovation and deliver mission-critical capabilities to our military customers,” said Brian Perry, Mercury’s Senior Vice President for Mission Systems.
  • “I’m grateful to Mercury for guiding me around their facilities and explaining the impact of their cutting-edge capabilities.
  • Nearly 300 employees in Mercury’s Hudson facility support many of the U.S. military’s most advanced radar and electronic warfare missions.
  • Mercury is currently hiring for a number of technical and manufacturing roles in Hudson.

Signals Intelligence (SIGINT) Global Market Report 2023: Growing Defense Budgets Fuels the Sector

Retrieved on: 
Saturday, June 3, 2023
Benchmark, Israel Aerospace Industries, ELINT, Elbit Systems, Mercury Systems, Agriculture, COVID-19, General Dynamics, SIGINT, Record, Intelligence, Create, Northrop, Rohde & Schwarz, Stockholm International Peace Research Institute, Grumman, USD, Sale, Government, Organization, Signals intelligence by alliances, nations and industries, Saab, Radar, Application, BAE Systems, Raytheon Technologies, Cobham, United Kingdom, Growth, Mobility, Lockheed Martin, Leonardo, Geography, Arms industry, Fine chemical, Retail, Video game, Cryptocurrency, Boeing, Thales of Miletus, Systematic

DUBLIN, June 2, 2023 /PRNewswire/ -- The "Signals Intelligence (SIGINT) Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, June 2, 2023 /PRNewswire/ -- The "Signals Intelligence (SIGINT) Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
  • The signals intelligence market research report is one of a series of new reports that provides signals intelligence market statistics, including signals intelligence industry global market size, regional shares, competitors with a signals intelligence market share, detailed signals intelligence market segments, market trends and opportunities, and any further data you may need to thrive in the signals intelligence industry.
  • The growing defense budget of major countries across the globe is expected to drive the growth of the signals intelligence market going forward.
  • Therefore, the growing defense budget of major countries drives the market for signals intelligence
    The signals intelligence market includes revenues earned by entities by providing information about terrorizations, activities, capabilities, and intentions of a country's rivals.