Mercury Completes $180M Themis Purchase; Mark Aslett Comments

Andover, Massachusetts-based Mercury Systems (Nasdaq: MRCY) has wrapped up its $180 million cash purchase of Fremont, California-based ruggedized computing products manufacturer Themis Computer.

Mercury first announced the deal in December and the company said Thursday it financed the transaction with funds under its existing revolving credit facility.

Mark Aslett, president and CEO of Mercury, said the acquisition will allow the company to expand its presence in the command, control, communications, computers and intelligence market while offering new technology platforms for customers.

Themis produces servers and storage devices designed to integrate with missile, autonomous, tactical radar, combat management, battlefield sensor, unmanned aerial vehicle and C4ISR systems.

Check Also

Norm Tew VP and GM Boeing

Boeing Submits Bid for Next-Generation Interceptor Program; Norm Tew Quoted

Boeing (NYSE: BA) has submitted its proposal for the Missile Defense Agency’s Next-Generation Interceptor program and offered a design that builds on the company's six decades of experience in weapons systems and strategic missile development.


Deloitte to Help DoD Create AI Dev’t Environment Under $106M Task Order

Deloitte Consulting has received a potential four-year, $106.4M task order to provide a development environment for the Department of Defense's Joint Artificial Intelligence Center to test, validate and implement AI-based tools.