Mercury Systems Closes Avalex Buy; Mark Aslett Quoted

Mercury Systems (Nasdaq: MRCY) has closed its purchase of Avalex Technologies, a Florida-based avionics provider to the defense and commercial sectors.

Mercury first announced the deal Sept. 27 and the company said Monday it financed the acquisition using cash on hand and a revolving credit facility.

Avalex is projected to generate $40 million in revenue for the 12 months ending Dec. 31, 2022.

Mark Aslett, president and CEO at Mercury Systems and a 2021 Wash100 awardee, said the acquisition aligns with the company’s strategy to address a demand for digitally converged products in the command, control, communications, computers, intelligence and mission management markets.

Sponsor

×

Stay ahead in GovCon

Join thousands of government contractors who rely on GovCon Wire for the latest updates in federal spending, bid opportunities, and compliance changes.

Whether you’re new to the space or scaling up, our brief keeps you informed and ready to act.

Email Address *

First Name *

Last Name

Position

Company

Related Articles

Boeing Secures Two Air Force Contract Modifications Totaling $2.4B for E-7A Work

The U.S. Air Force has awarded Boeing two contract modifications totaling $2.43 billion for work supporting the E-7A program. The Potomac…

NOAA Seeking Space-Based Environmental Monitoring Capabilities Under $8B ProTech 2.0 Contract

The National Oceanic and Atmospheric Administration has released a draft request for proposals for its ProTech 2.0 professional services contracting…

Sam Mehta Named President of Two Business Segments at L3Harris

L3Harris Technologies has appointed Sam Mehta as president of the space and mission systems, or SMS, and communications and spectrum dominance, or…

York Space Systems Buys Propulsion System Manufacturer Orbion

York Space Systems has acquired Orbion Space Technology as part of a push to expand its satellite propulsion capabilities and…

AFRL Awards DCS $95M ASSET Contract for Multi-Domain Sensor Analysis Tools

DCS has secured a $95 million contract from the Air Force Research Laboratory’s Multi-Domain Sensing Autonomy Division to provide analytical…

AIX Tech Lands $225M DHA Acquisition Support IDIQ

AIX Tech has received a Defense Health Agency contract worth $225 million to provide acquisition and administrative support services for…

Diffraqtion Secures Additional Pre-Seed Funding to Scale Quantum Imaging Capabilities

Diffraqtion has closed another pre-seed funding round, pushing the company’s pre-seed financing valuation to over $100 million. What Technology Is…

Google Finalizes Acquisition of Cloud Security Firm Wiz

company’sGoogle has completed its acquisition of cloud security company Wiz, bringing the New York-based cybersecurity platform into the Google Cloud…

Anduril to Acquire ExoAnalytic Solutions

Anduril Industries has agreed to acquire ExoAnalytic Solutions for an undisclosed sum as part of a push to expand its…

Richard Smith Named VP, GM of Defense & National Security at eSimplicity

eSimplicity announced on LinkedIn Tuesday that Richard Smith has been appointed vice president and general manager of defense and national security. What…

NASA Opens $15B NLS II Contract Vehicle to New Launch Providers

NASA is inviting commercial launch providers to submit proposals for an on-ramp opportunity under its up to $15 billion Launch…

Empower AI Appoints Former Peraton Executive Ryan Hopper as VP, Military Services Business Unit Lead

Empower AI has appointed Ryan Hopper as vice president and leader of its military services business unit as it continues…

You’ve already read all related articles.

Executive Interviews