"The difference today versus 12 months ago is that we are now more than a year into managing in this challenging environment," Aslett said. "Not only have we improved the cost structure of the business to continue to generate positive cash flow, but our focus on building backlog has put us in a significantly better position than we were at this point last year. Given our focus on cash management and recent expense reductions, we believe that we have created substantial operating leverage in our business. We are confident that, as the defense industry emerges from its current period of uncertainty, this will lead to a significant improvement in Mercury's profitability, cash flow generation and enterprise value over time."Backlog
Mercury Systems Reports First Quarter Fiscal 2014 Results
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