Mercury Systems Recognized Among Massachusetts’ 50 Fastest-Growing Middle-Market Companies
February 13 2020 - 9:00AM
Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in
trusted, secure mission-critical technologies for aerospace and
defense, announced that the Boston Business Journal (BBJ) has
recognized the Company as one of the 50 fastest-growing
middle-market companies in Massachusetts. Mercury ranked 11th on
the BBJ’s annual list based on its 2016 to 2018 revenue growth.
“We’re honored to be named to the Boston Business Journal’s new
Middle Market list,” said Mark Aslett, Mercury’s President and
Chief Executive Officer. “This is an exciting recognition for
Mercury on the heels of another quarter of remarkable growth and
achievements. We’re tremendously proud of our team and their
execution of our long-term growth strategies, as we continue on our
path to make trusted and secure technologies profoundly more
accessible to aerospace and defense.”
This is Mercury’s first appearance on the Middle Market list,
and it is the only aerospace and defense company recognized. The
BBJ’s inaugural list of Middle Market Leaders is focused on
three-year revenue growth (2016 to 2018) among public and private
companies with annual revenues between $25 million and $1 billion.
Mercury joins other rapidly growing Massachusetts-based companies
like HubSpot, Novanta and Pegasystems on the list.
Last year, Mercury was recognized by the BBJ as one of the
“Fastest Growing Public Companies in Massachusetts,” ranking 39th
based on its 2016 to 2018 revenue growth. The Company was also
ranked 27th on the “100 Fastest-Growing Companies” by Fortune
Magazine in 2018, and was similarly the only aerospace and defense
company included.
Mercury is accelerating the process of bringing new technology
to their customers as the Company bridges the gap between
commercial technology and defense applications. For more
information about Mercury Systems visit mrcy.com or contact Mercury
at (866) 627-6951.
Mercury Systems – Innovation That
Matters®Mercury Systems is the leader in making trusted,
secure mission-critical technologies profoundly more accessible to
the aerospace and defense industries. Optimized for customer and
mission success, our innovative solutions power more than 300
critical aerospace and defense programs. Headquartered in Andover,
Mass., and with manufacturing and design facilities around the
world, Mercury specializes in engineering, adapting and
manufacturing new solutions purpose-built to meet the industry’s
current and emerging high-tech needs. Our employees are committed
to Innovation that Matters®. To learn more, visit mrcy.com, or
follow us on Twitter.
Forward-Looking Safe Harbor Statement
This press release contains certain forward-looking statements,
as that term is defined in the Private Securities Litigation Reform
Act of 1995, including those relating to the products and services
described herein and to fiscal 2020 business performance and beyond
and the Company’s plans for growth and improvement in profitability
and cash flow. You can identify these statements by the use of the
words “may,” “will,” “could,” “should,” “would,” “plans,”
“expects,” “anticipates,” “continue,” “estimate,” “project,”
“intend,” “likely,” “forecast,” “probable,” “potential,” and
similar expressions. These forward-looking statements involve risks
and uncertainties that could cause actual results to differ
materially from those projected or anticipated. Such risks and
uncertainties include, but are not limited to, continued funding of
defense programs, the timing and amounts of such funding, general
economic and business conditions, including unforeseen weakness in
the Company’s markets, effects of any U.S. Federal government
shutdown or extended continuing resolution, effects of continued
geopolitical unrest and regional conflicts, competition, changes in
technology and methods of marketing, delays in completing
engineering and manufacturing programs, changes in customer order
patterns, changes in product mix, continued success in
technological advances and delivering technological innovations,
changes in, or in the U.S. Government’s interpretation of, federal
export control or procurement rules and regulations, market
acceptance of the Company's products, shortages in components,
production delays or unanticipated expenses due to performance
quality issues with outsourced components, inability to fully
realize the expected benefits from acquisitions and restructurings,
or delays in realizing such benefits, challenges in integrating
acquired businesses and achieving anticipated synergies, increases
in interest rates, changes to industrial security and cybersecurity
regulations and requirements, changes in tax rates or tax
regulations, changes to interest rate swaps or other cash flow
hedging arrangements, changes to generally accepted accounting
principles, difficulties in retaining key employees and customers,
unanticipated costs under fixed-price service and system
integration engagements, and various other factors beyond our
control. These risks and uncertainties also include such additional
risk factors as are discussed in the Company's filings with the
U.S. Securities and Exchange Commission, including its Annual
Report on Form 10-K for the fiscal year ended June 30, 2019. The
Company cautions readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
The Company undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which such statement is made.
Contact:Robert McGrail, Director of Corporate
CommunicationsMercury Systems, Inc.+1 978-967-1366 /
rmcgrail@mrcy.com
Mercury Systems and Innovation That Matters are trademarks of
Mercury Systems, Inc. Other product and company names mentioned may
be trademarks and/or registered trademarks of their respective
holders.
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