Mercury Systems Recognized Among Massachusetts’ Fastest Growing Public Companies
July 18 2019 - 4:15PM
Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com) announced that
the Boston Business Journal (BBJ) recognized the company as one of
the “Fastest Growing Public Companies in Massachusetts.” The
company ranked 39th on the BBJ’s annual list based on its 2016 to
2018 revenue growth.
"We are honored to be named as one of the Boston Business
Journal’s 50 Fastest Growing Public Companies," said Mark Aslett,
Mercury's President and Chief Executive Officer. "This is an
exciting recognition for Mercury on the heels of another year of
remarkable growth and achievements. We are tremendously proud of
our team and their execution of our long-term growth
strategies.”
This is Mercury’s first appearance on the “Fastest Growing
Public Companies in Massachusetts” list, and it is the only
aerospace and defense company recognized. The Boston Business
Journal compiles its list based on information from Bloomberg
Business News, Yahoo! Finance and U.S. Security and Exchange
Commission filings for each company’s most recent fiscal year.
Mercury joins other outstanding New England-based companies like
Wayfair, HubSpot, Analog Devices and Vertex Pharmaceuticals.
Previously, Mercury was recognized as one of the “100
Fastest-Growing Companies” by Fortune Magazine. Their annual list
ranks public companies with market capitalization of $250 million
or more, based on revenue growth rate, EPS growth rate and
three-year annualized total return. Mercury ranked No. 27 on the
list in 2018 and was the only aerospace and defense company
included.
For more information about Mercury Systems visit www.mrcy.com or
contact Mercury at (866) 627-6951.
Mercury Systems – Innovation That
Matters®Mercury Systems is a leading commercial provider
of secure sensor and safety-critical processing subsystems.
Optimized for customer and mission success, Mercury's solutions
power a wide variety of critical defense and intelligence programs.
Headquartered in Andover, Mass., Mercury is pioneering a
next-generation defense electronics business model specifically
designed to meet the industry's current and emerging technology
needs. To learn more, visit www.mrcy.com and 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 2019 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 cyber-security 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, 2018. 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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