:

Business/Financial

Mercury Systems Up For Sale

By Cal Biesecker

Wednesday, February 1st, 2023

SHARE:

Mercury Systems Up For Sale

Mercury Systems develops and supplies a wide range of defense electronic systems and components including multi-function displays. Image: Mercury Systems

Defense electronics suppler Mercury Systems [MRCY] on Wednesday said it has hired financial advisers to help explore a possible sale of the company, which has been under pressure from an activist investor group to look for a potential buyer. The company said the strategic review was initiated by its board “to enhance shareholder value” and that it might not result in a sale. In 2021, two firms that invest in undervalued companies, Jana Partners and Starboard Value, acquired minority stakes…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]