Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology
company that delivers processing power for the most demanding
aerospace and defense missions, today announced it is working with
Raytheon, an RTX business, to increase survivability and resiliency
of its mission-critical solutions by incorporating Raytheon’s
advanced cyber resiliency and intrusion detection tools into
Mercury’s processing platform.
As threats against critical systems continue to grow in scope
and sophistication, Mercury and Raytheon recognize the need for
significantly stronger security controls to protect
mission-critical systems, and both are dedicated to delivering
comprehensive and resilient protection solutions to maintain
mission effectiveness in cyber-contested environments.
Through this relationship, Mercury gains the ability to
integrate Raytheon’s Electronic Armor and CADS products into its
portfolio of mission systems, including secure mission processors,
communication management units, rugged servers, communication
management units, and data recorders. Raytheon’s cybersecurity
tools complement Mercury’s BuiltSECURE technology that protects
critical data with industry-leading physical security,
cryptography, and secure boot features. Mercury and Raytheon are
industry leaders in building and securing high-performance,
open-architecture products and subsystems for the aerospace and
defense industry, including SOSA-aligned mission computers. Their
combined offerings provide aerospace and defense programs with an
effective approach to addressing emerging cyber survivability
endorsement requirements, which are focused on preventing,
detecting, responding, and recovering from cyberattacks.
Electronic Armor is a cyber resiliency solution that prevents
reverse engineering and protects the confidentiality and integrity
of data, as well as applications from attackers who have bypassed
traditional information assurance controls and/or gained escalated
privilege on a system. Among its many features is the hardening of
the operating system, providing data-at-rest and runtime
protections, preventing execution of unauthorized applications, and
preventing modification/introspection of sensitive applications and
data.
CADS is a real-time Intrusion Detection System (IDS) for the
standard control buses found in airframes and ground vehicles. CADS
provides cyber anomaly detection and complete bus traffic logging
for mission- and safety-critical systems. It heightens situational
awareness for platform operators and support teams and includes
offline analysis tools to provide long-term performance and
cross-fleet analysis of cyber trends.
To learn more about how Raytheon’s Electronic Armor and CADS
solutions can integrate with Mercury hardware, visit the Mercury
booth (#1439) at this week’s AUSA Annual Meeting and
Exposition.
Mercury Systems – Innovation that
matters®Mercury Systems is a technology company that
pushes processing power to the tactical edge, making the latest
commercial technologies profoundly more accessible for today’s most
challenging aerospace and defense missions. From silicon to system
scale, Mercury enables customers to accelerate innovation and turn
data into decision superiority. Mercury is headquartered in
Andover, Massachusetts, and has 24 locations worldwide. To learn
more, visit mrcy.com. (Nasdaq: MRCY)
Forward-Looking Safe Harbor StatementThis 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 Company's focus on enhanced
execution of the Company's strategic plan under a refreshed Board
and leadership team. You can identify these statements by 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 geopolitical unrest
and regional conflicts, competition, changes in technology and
methods of marketing, delays in or cost increases related to
completing development, 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, changes in, or in the interpretation or enforcement
of, environmental rules and regulations, market acceptance of the
Company's products, shortages in or delays in receiving components,
supply chain delays or volatility for critical components such as
semiconductors, production delays or unanticipated expenses
including due to quality issues or manufacturing execution issues,
failure to achieve or maintain manufacturing quality
certifications, such as AS9100, the impact of the COVID pandemic
and supply chain disruption, inflation and labor shortages, among
other things, on program execution and the resulting effect on
customer satisfaction, inability to fully realize the expected
benefits from acquisitions, restructurings, and execution
excellence initiatives or delays in realizing such benefits,
challenges in integrating acquired businesses and achieving
anticipated synergies, effects of shareholder activism, increases
in interest rates, changes to industrial security and
cyber-security regulations and requirements and impacts from any
cyber or insider threat events, changes in tax rates or tax
regulations, such as the deductibility of internal research and
development, changes to interest rate swaps or other cash flow
hedging arrangements, changes to generally accepted accounting
principles, difficulties in retaining key employees and customers,
which difficulties may be impacted by the termination of the
Company’s announced strategic review initiative, unanticipated
challenges with the transition of the Company’s Chief Executive
Officer and Chief Financial Officer roles, including any dispute
arising with the former CEO over his resignation, 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 U.S. Securities and
Exchange Commission, including its Annual Report on Form 10-K for
the fiscal year ended June 30, 2023 and subsequent Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. The Company
cautions readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
The Company undertakes no obligation to update any forward looking
statement to reflect events or circumstances after the date on
which such statement is made.
INVESTOR CONTACTNelson EricksonSenior Vice
President, Strategy and Corporate
DevelopmentNelson.Erickson@mrcy.com
MEDIA CONTACTTurner BrintonSr. Director,
Corporate Communications Turner.Brinton@mrcy.com
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