This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Mercury Systems Reports Rapid Progress On Acquisition Integration Plan

Consolidates Operations and Implements Common Manufacturing and Accounting Systems in Advanced Microelectronics Centers; Launches Integrated Program Management System and Common Payroll and Banking Platforms

CHELMSFORD, Mass., March 4, 2014 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (Nasdaq:MRCY) ( ), a best-of-breed provider of commercially developed, open sensor and Big Data processing systems for critical commercial, defense and intelligence applications, today provided a progress update on its acquisition integration plan.

As discussed in Mercury's second-quarter fiscal 2014 financial results release on January 28, 2014, this phase of the plan consists of: facilities consolidation around the Company's Advanced Microelectronics Centers (AMCs) in Hudson, N.H. and West Caldwell, N.J.; business process and systems standardization across the Mercury enterprise; and realignment of engineering resources around the Advanced Development Center model introduced last year.

As previously reported, Phase II of the acquisition integration plan is expected to result in annualized gross savings of $16 million when fully implemented. Actions taken prior to the release of second-quarter fiscal 2014 financial results are expected to achieve approximately $9 million of these projected savings. These earlier steps focused primarily on the consolidation of a small Mercury facility into the Company's AMC in Hudson, N.H., as well as related headcount reductions.

Actions completed more recently include the consolidation of another facility into the Hudson AMC. In addition, Mercury migrated both AMCs to a common manufacturing and accounting system. The Company also successfully launched an integrated program management system within its Mercury Commercial Electronics business unit, and implemented common payroll and banking platforms companywide.

"The rapid progress made to date puts us well on our way toward creating the fully integrated business we have envisioned and enabling Mercury to support profitable future growth," said Mark Aslett, President and CEO, Mercury Systems. "The operational consolidation at our New Hampshire AMC was accomplished seamlessly with minimal disruption for our customers. This not only paves the way for consolidation of other non-core locations, which will further reduce Mercury's facilities footprint and expense base, but also facilitates our efforts to drive advanced microelectronics solutions into the marketplace."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs