Increase in US manufacturing of microelectronics allowed
ANDOVER, Mass., April 21, 2022 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in reliable and secure critical technologies for aerospace and defense, hosted a Ribbon Cutting Ceremony on April 20, 2022 at Mercury’s state-of-the-art Custom Microelectronics Packaging Center in Phoenix, Arizona to celebrate the expansion of the company’s trusted microelectronics manufacturing capabilities in the United States . The company was recently selected to provide secure packaging for the DoD’s state-of-the-art heterogeneous integrated packaging (SHIP) program, which will also be executed at this facility.
Among the dignitaries at the event were Arizona Congressman Ruben Gallego (D) as well as Arizona Chamber of Commerce CEO Danny Seiden. Both joined Tom Smelker, vice president and general manager of Mercury Microelectronics, for the ceremony, reception and facility tour.
why is it important
The safety and security of our nation is sacrosanct. With this expansion, Mercury will be able to provide a wider variety of reliable and secure microelectronics solutions to support major programs of national importance, fulfilling the DoD’s mandate for domestic manufacturing of critical and advanced microelectronics, such as with the SHIP program.
“With this facility expansion, we are not only supporting Phoenix’s economic development, but also providing the DoD and the aerospace and defense industry with reliable and secure semiconductor technology,” Smelker said. “Our imperative is to advance the industry in leading American design, manufacturing and testing for DoD systems. That’s why we’ve made a strategic investment to grow our trusted microelectronics innovation so that we can take the work we do, the capabilities we have around resources, expertise, technology and manufacturing to a whole other level. This investment continues to pay off, as evidenced by our recently announced RFS1080 and RFS11140 system-in-package (SiP) solutions. »
“Maintaining a competitive advantage in the national security space means creating and fostering efficient supply chains right here in the United States,” said Congressman Gallego. “I am thrilled to join Mercury Systems for this groundbreaking ceremony and to celebrate the arrival of these new jobs in Arizona. Our state continues to prove its leadership in electronics manufacturing, and the current expansion of Mercury’s custom microelectronics packaging center is further proof.
“Mercury Systems’ expansion is great news for Arizona and a testament to the business-friendly and innovation-friendly policies we’ve put in place over the past few years to make our state a top location for businesses looking to set up shop, invest and grow,” said Danny Seiden, president and CEO of the Arizona Chamber of Commerce and Industry. “We are proud to welcome manufacturers like Mercury Systems who not only propel our economic growth, but also equip our military, aerospace and defense industries with advanced technologies that contribute to the security of our state and our nation.”
Opened in 2017, Mercury’s Custom Microelectronics Packaging Center has bolstered US-based manufacturing and economic development in the Phoenix area. As a Defense Microelectronics Activity (DMEA) accredited facility, the center is uniquely equipped to manufacture on-board processing modules, high-density secure memory, military-grade solid-state storage, and bespoke microelectronics suitable for most important needs of the defense industry. rigorous performance and quality standards. Along with several other Mercury facilities, the Phoenix center also received a top rating from the Defense Counterintelligence and Security Agency (DCSA).
Mercury envisions, creates and delivers innovative technology solutions specifically designed to meet the most pressing high-tech needs of its customers. For more information, visit mrcy.com or contact Mercury at (866) 627-6951 or [email protected]
Mercury Systems – Innovation That Matters®
Mercury Systems is a global commercial technology company serving the aerospace and defense industry. Based in Andover, Mass., the company provides reliable and secure open-architecture processing solutions powering a wide range of mission-critical applications in the harshest and most demanding environments. Inspired by its purpose to deliver innovation that matters, by and for the people that matter, Mercury helps make the world a safer and more secure place for everyone. To learn more, visit mrcy.com or follow us on Twitter.
Safe Harbor Forward-Looking 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 stock awards discussed herein and fiscal year 2022 business performance and beyond, as well as 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”, “plan”, “expect”, “anticipate”, “continue”, “estimate”, “project”, “intention”, “probable”, “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. These risks and uncertainties include, but are not limited to, the continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unexpected weakness in the Company’s markets, the effects epidemics and pandemics such as COVID, the effects of any U.S. federal government shutdown or prolonged ongoing resolution, the effects of ongoing geopolitical unrest and regional conflict, competition, changes in technology and methods of marketing, delays in the completion of engineering and manufacturing programs, changes in customer ordering patterns, changes in product mix, successes in technological advancements and the delivery of technological innovations, changes in or in the United States government’s interpretation of federal rules and regulations regarding con export or supply control, changes in, or in the interpretation or application of environmental rules and regulations, market acceptance of the Company’s products, shortages or delays in receipt of components, production delays or expenses unforeseen events due to performance quality issues with outsourced components, inability to fully realize the expected benefits of acquisitions, restructurings and value creation initiatives such as 1MPACT, or delays in realizing these benefits, challenges in the integration of acquired businesses and the expected realization of synergies, effects of shareholder activism, increases in interest rates, changes in regulations and industrial security and cybersecurity requirements, changes in tax rates or regulations tax, changes to interest rate swaps or other hedging arrangements loss of cash flow, changes in generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed price service and systems integration contracts, and various other factors beyond our commitment. These risks and uncertainties also include additional risk factors, as disclosed in the Company’s filings with the United States Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended July 2021. The Company cautions readers not to place undue reliance on these 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.
Robert McGrail, Director of Corporate Communications
Mercury Systems Inc.
+1 (978) 967-1366 | [email protected]
Mercury Systems and Innovation That Matters are registered trademarks of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.
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