Mercury and Cicor Group Create Long-Term Strategic Business Relationship In Support of European Defense

Core Viewpoint - Mercury Systems, Inc. has entered into a strategic supply agreement with Cicor Group, allowing Cicor to acquire a manufacturing operation in Switzerland and supply electronic products to Mercury over the next five years [1][2]. Group 1: Strategic Agreement - The agreement enables Mercury to transition its Swiss electronic board manufacturing operations to Cicor, a leading European manufacturer for aerospace and defense electronics, in response to increased demand for commercial defense products [2][3]. - The transaction is expected to be completed within approximately one month, subject to customary closing conditions, and production will be relocated to Cicor sites in the UK and Switzerland within the next 18 months [3]. Group 2: Operational Focus - Following the transition, Mercury's facilities in Switzerland, Spain, and the UK will concentrate on their core competencies of engineering design and systems integration, which is anticipated to drive the company's growth in the international market [2][3]. - Mercury will continue to source boards from its U.S. operations alongside purchasing from Cicor to maintain a robust supply chain [3]. Group 3: Market Position and Commitment - Mercury Systems is dedicated to delivering mission-critical processing capabilities to the aerospace and defense sector, aiming to scale quickly to meet the growing demand for advanced commercial processing technologies globally [4]. - The company operates in over 300 programs across 35 countries, providing a wide range of applications in mission computing, sensor processing, command and control, and communications [4].