Mercury Systems, Inc.( NASDAQ:Â MRCY ) is a defense contractor headquartered in Andover, Massachusetts. Mercury has supplied processing subsystems to over 30 prime contractors, in over 300 programs. Their processing subsystems are used in Intelligence, Surveillance and Reconnaissance (ISR), Radar, Electronic Warfare (EW), storage and guidance defense applications.
History
- Founded on July 14, 1981, Mercury Systems is based in Andover, Massachusetts, with more than 1000 employees in offices around the world and annual revenues of approximately US$270 million.
- July 2005, Mercury Computer Systems acquired Echotek Corporation for approximately US$49 million.
- January 2011, Mercury Computer Systems acquired LNX Corporation.
- August 2012, Mercury Computer Systems acquired Micronetics for US$74.9 Million.
- November 2012, the company changed its name from Mercury Computer Systems to Mercury Systems.
- December 2015, Mercury Systems acquired Lewis Innovative Technologies, Inc. (LIT). LIT’s security solutions significantly extend Mercury's leadership in secure embedded computing.
- May 2016, Mercury Systems acquired the embedded security, RF and microwave, and custom microelectronics businesses of Microsemi Corporation for a total purchase prices of US$300 million. The acquisition expands Mercury's capabilities, along the sensor processing chain, and positions Mercury as the defense industry’s largest commercial embedded secure processing company.
- November 2016, Mercury Systems acquires CES Creative Electronic Systems, S.A. (“CESâ€). The total purchase price for the transaction is approximately US$38 million. The addition of CES adds capabilities in mission computing, safety-critical avionics and platform management.
- April 2017, Mercury Systems acquires Delta Microwave, LLC (“Deltaâ€) for US$40.5 million. This acquisition will enable Mercury to expand into the satellite communications (SatCom), datalinks and space launch markets.
- July 2017, Mercury Systems acquires Richland Technologies, LLC (RTL). The acquisition will enhance Mercury’s market penetration in commercial aerospace, defense platform management, C4I [command, control, communications, computers, and intelligence], and mission computing â€" markets.
Products and Services
Mercury's Next Generation Business Model
To meet Department of Defense (DOD) defense electronics procurement reform objectives, Mercury created a Next Generation Business Model. Defense procurement reform objectives are captured by the Department’s Better Buying Power 3.0 (BBP3.0) under the overarching theme of “Achieving Dominant Capabilities through Technical Excellence and Innovation.â€
BBP3.0 highlights the need to leverage commercial technology through open system architectures thereby meeting agility, performance, interoperability and affordability objectives. Augmenting the requirements of BBP3.0 is the need to build security in to all defense processing systems to counter emerging threats, cyberattacks and reverse engineering. Mercury’s next-generation defense electronics business model meets BBP3.0 and counter contemporary security objectives by:
• Quickly adopting the best commercial technology in support of defense programs and missions
• Investing in R&D to complement the Pentagon’s, prime-contractors’, defense and non-profit labs’ own initiatives
• Creating secure processing subsystem building-blocks for pre-integrating into defense programs
Open System Architecture (OSA) for Digital and RF/Microwave Processing
Mercury has a systematic approach to the creation of defense processing subsystems using a sensor processing chain methodology to define reusable building blocks. This business approach leverages best commercial technology making Mercury processing building blocks interoperable and standardized, so defense processing subsystems are quickly developed.
Open system architectures (OSA) are fundamental to meeting the DOD’s BBP 3.0 objectives and are aligned with Mercury’s business posture. The company pioneered many of today’s embedded protocols and processing standards including RapidIO and OpenVPX (ANSI/VITA 65 standard) which is the de facto embedded digital processing standard.
Currently, the company is investing in OpenRFM for Radio Frequency (RF) and microwave processing that will bring interoperability to the RF/microwave domain, as OpenVPX did in the digital realm. OpenRFM standardizes the profiles, interfaces and protocols for RF and microwave processing enabling sensor chain applications to be fully open systems compliant. Mercury applies open systems architectures to software as well as hardware. This approach, applied to middleware preserves the software and application investments while adding new capabilities through tech-refreshes.
Built-in Security for Sensor Processing
Mercury's third generation security framework is built into all their processing building blocks for system-wide security that is personalized and private for each application. This agnostic built-in security foundation spans 3U and 6U OpenVPX, secure-AdvancedTCA and rackmount ATX architectures enabling processing solutions to span platforms and form-factors.
Built-in Safety for Mission Computing
Mercury’s acquisition of CES brought Design Assurance Level (DAL) capabilities to the company’s portfolio, for both DO-254 (hardware) and DO-178 (software). These capabilities are required for safety-critical mission computing used in commercial and military, manned and unmanned platforms.
The integration of CES’s flight safety capabilities and Mercury’s secure sensor processing capabilities is enabling the connection of the effects grid to the sensor grid through affordable open systems architectures.
Major innovations
- OpenVPX â€" Open architecture framework that drives VPX system-level interoperability and lowers costs
- RapidIO â€" Open standard, high-performance, embedded switch fabric architecture
- POET â€" Provides low-latency, high-bandwidth communications between PCIe, RapidIO and other fabrics
- RACE++
Facilities
Corporate Headquarters
Mercury is headquartered in Andover, Massachusetts within a secure and Defense Microelectronics Activity (DMEA) certified state-of-the-art facility. The facility incorporates a world-class design and engineering capability and an Innovation Center. Mercury Innovation Centers showcase the company’s sensor and mission processing solutions.
Manufacturing Centers
Mercury has redundant, scalable Advanced Microelectronic Centers (AMCs). AMCs are dedicated to the production of defense industry subsystems within a world-class, domestic manufacturing environment. AMCs are operated in New England, New York Metro-area, Southern California and a trusted DMEA facility in the Southwest, which also has Missile Defense Agency approval and AS9100 certification.
Company structure
Mercury has three major product lines:
• Advanced Microelectronic Solutions / RF & Digital Solutions
• Sensor and Mission Processing - Mercury Mission Systems; Safety-critical avionics, mission processing, networking, and communication; Secure high-performance sensor processing, storage, and networking
• Mercury Defense Systems â€" Electronic Warfare; Secure Processing Solutions; Test & Simulation
Mercury’s businesses are supported by several dedicated international operations including: Toronto, Canada, Silchester, United Kingdom, Tokyo, Japan and Geneva, Switzerland.
References
External links
- Mercury Systems
