Backlog of $894 million increased 16% over prior year
Physical Optics Corporation integration progressing well
ANDOVER, Mass., May 04, 2021 (GLOBE NEWSWIRE) Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com)), reported operating results for the third quarter of fiscal 2021, ended April 2, 2021.
Management Comments The Company delivered a strong financial performance in the third quarter, said Mark Aslett, Mercury s President and Chief Executive Officer. Record revenues exceeded guidance and the integration of Physical Optics Corporation is progressing well. We continue to execute on our strategy to deliver strong margins while growing the business organically and supplementing the organic growth with disciplined M&A and full integration. Our pipeline is robust with multiple opportunities of varying sizes, all in line with the core of our strategy. We believe this strategy will continue to generate significant value for our shareholders, said Aslett.
Mr. Nagel
Rick Nagel was appointed to the Board of Regents by Governor Kevin Stitt in April 2021. As the Managing Partner of Acorn, Regent Nagel leads the strategic direction of the firm and its portfolio assets. Mr. Nagel first served Acorn as an Advisory Board Member and in 2004 joined as a partner, launching the firms private equity practice. He leads, and is responsible for, Acorns current geographic footprint, fund operations, fundraising activity, investment deal generation, portfolio integrations and performance improvement initiatives. Since joining Acorn, the firm has closed more than 30 transactions in areas that include advanced manufacturing, government IT services, defense electronics, engineering services, aircraft financing and leasing, intelligence, surveillance, reconnaissance (ISR), maintenance repair overhaul, modernization and upgrades, radar, satellite communications, airborne logistics, air cargo, value-added distribution, unmanned aerial systems (UAS),
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Quick Fix
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