Search Results for: Mercury

Mercury Eyes Mission Computing Portfolio Expansion Via Richland Technologies Purchase

Mercury Systems (Nasdaq: MRCY) has purchased Duluth, Georgia-based Richland Technologies for an undisclosed sum in a move to grow processing subsystems offerings for aerospace and defense clients. Mercury said Wednesday it plans to keep RTL’s presence in Duluth and that the transaction complements its purchase of Switzerland-based military and aerospace …

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Mercury to Purchase CES for $38M in Defense Tech & C4I Market Strategy

Defense technology manufacturer Mercury Systems (Nasdaq: MRCY) has agreed to purchase Switzerland-based military and aerospace computing company CES Creative Electronic Systems for $38 million to add new avionics and platform management products. Chelmsford, Mass.-based Mercury said Thursday it expects to close the transaction by the end of this year and will fund the deal with cash on …

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Christopher Cambria Named Mercury Systems SVP, General Counsel & Secretary

Christopher Cambria, formerly vice president, general counsel and secretary of Aerojet Rocketdyne Holdings (NYSE: AJRD), has joined Mercury Systems (Nasdaq: MRCY) as senior VP, general counsel and secretary at the Massachusetts-based processing subsystems producer. He will report directly to President and CEO Mark Aslett and oversee all legal and regulatory aspects of Mercury’s corporate …

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Mercury Systems Eyes National Security Sector With Newly Acquired Electronics Firm

Mercury Systems (Nasdaq: MRCY) has acquired privately held electronics company Lewis Innovative Technologies in efforts to expand Mercury’s embedded secure processing technology portfolio for the national security sector. LIT will retain its market presence in the Huntsville region in Alabama following the acquisition, Mercury said Dec. 16. “Embedded systems security has become a …

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Navy Orders Mercury Systems Electronic Parts

Mercury Systems (NASDAQ: MRCY) has been awarded a five-year, $7.3 million contract to produce electronic spare parts for the U.S. Navy’s ship-mounted electronic warfare systems, Military & Aerospace Electronics reported Thursday. John Keller writes the digital, radio frequency and microwave components will be installed in the Navy’s AN/SLQ-32(V)6 shipboard EW system. …

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IT Firm iNovex Acquires Mercury Systems’ Intell Analytics Business

INovex Information Systems has bought the intelligence analytics business of Mercury Systems for an undisclosed amount in a move aimed at growing iNovex’s customer base and market presence. BB&T Capital Markets/Windsor Group acted as the financial adviser to Mercury Systems on the transaction, BB&T Capital Markets said. Maryland-based iNovex offers …

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Michael Ruppert Joins Mercury Systems as Strategy, Corporate Development SVP; Mark Aslett Comments

Michael Ruppert, formerly co-founder and managing partner of advisory firm RSPartners LLC, has joined Mercury Systems (NASDAQ: MRCY) as senior vice president of strategy and corporate development. He will report to President and CEO Mark Aslett and be responsible for the company’s strategy, planning and mergers and acquisitions activities,  Mercury Systems said Monday. “Michael’s in-depth knowledge and experience …

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Report: Boeing Eyes Mercury Systems Acquisition

Boeing (NYSE:BA) is exploring a potential acquisition of digital imaging processing and big data processing technology maker Mercury Systems (NASDAQ: MRCY), Reuters reported Friday. Nicola Leske and Mike Stone write that Boeing wants to increase its presence in the commercial aerospace component sector and access Mercury’s microprocessor business. Evercore Partners has been …

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ITT, Mercury Announce Joint Initiative, Will Develop UAV Video Intelligence

ITT Corporation (NYSE: ITT) and Mercury Computer Systems, Inc. (NASDAQ: MRCY) announced yesterday an agreement to jointly develop an airborne solution that streams imagery and video intelligence from an unmanned aerial system platform to operational users. The joint initiative will work to improve the latency and data integrity inherent in …

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QinetiQ Wins $37.3 Million Mercury Mission Award

QinetiQ has been awarded a $37.3 million contact by EADS Astrium. The contract calls for QinetiQ to furnish the European Space Agency’s BepiColombo satellite mission with a solar-electric propulsion system. The mission to Mercury is slated to launch in 2014. Taking into account Mercury’s gravitational pull, the firm plans to …

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