Mercury Systems Announces Acquisitions of The Athena Group and Syntonic Microwave
Two acquisitions expand scale and breadth of Company’s security and RF capabilities
Deepen market penetration in core embedded security and EW markets
Open new growth opportunities in C4ISR, DoD research laboratories and Intelligence Community
A privately-held company based in
“The acquisitions of Athena and Syntonic represent continued milestones for our market and content expansion strategy,” said
“Similarly, we believe Syntonic’s deep domain expertise in agile RF technology will expand and enhance our position as the preeminent supplier of high-performance, SWaP-optimized EW subsystems while enabling us to further penetrate the SIGINT and ELINT markets with additional Mercury content. The acquisition of Syntonic gives our defense Prime customers and government agencies access to highly differentiated sensor processing capability, thereby advancing our national interests through domination of the electromagnetic spectrum.”
“In summary, similar to previous acquisitions, the acquisitions of Athena and Syntonic continue to enable us to grow the size of our total addressable market and reinforce our strategy of becoming the leading provider of secure and safety-critical processing subsystems for aerospace and defense applications. We are very pleased to welcome the Athena and Syntonic teams to the Mercury family,” Aslett concluded.
Additional information on the acquisitions will be provided on Mercury’s fiscal 2019 third quarter results conference call, scheduled for
About Syntonic Microwave
Syntonic Microwave is a leading provider of advanced microwave frequency converters to the EW, ELINT and intelligence community markets. The company specializes in wideband phase coherent tuners, microwave converters, and synthesizers. The products are uniquely designed to support multiple configurations and ease of customization, providing customers with solutions tailored to their needs.
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 acquisitions 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 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
Source: Mercury Systems Inc