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ANDOVER, Mass. - Mercury Systems Inc. (NASDAQ: MRCY), a key player in mission-critical processing solutions for the aerospace and defense sectors, has announced a strategic supply agreement with Cicor Group (SIX Swiss Exchange: CICN). According to InvestingPro data, Cicor maintains a GOOD financial health score and has been profitable over the last twelve months, suggesting strong operational stability. Under this agreement, Cicor will acquire a Mercury manufacturing operation in Switzerland and commit to supplying electronic products to Mercury over the next five years.
The transaction, expected to close within a month pending customary closing conditions and customer consents, aligns with Mercury’s strategy to enhance its international market presence in response to the growing demand for commercial defense products. Cicor’s stock has shown remarkable momentum, trading near its 52-week high with strong returns across multiple timeframes. This move will enable Mercury’s facilities in Switzerland, Spain, and the United Kingdom to concentrate on their strengths in engineering design and systems integration.
Mercury Mission Systems International S.A., part of Mercury Systems, is recognized for its mission-critical processing products and solutions worldwide. The deal with Cicor, a leading European manufacturer in the aerospace and defense electronics sector, is seen as a strategic step to scale operations and meet the increasing demand for advanced commercial processing technologies globally.
As part of the agreement, production is set to be relocated to Cicor’s sites in Newport, UK, and Bronschhofen, Switzerland, within the next 18 months. Mercury Systems will continue to source boards from its U.S. operations alongside those purchased from Cicor, ensuring a robust supply chain.
Paul Tanner, Vice President of Mercury International, expressed confidence that this agreement will enable the company to quickly scale to meet global demand for leading-edge technologies. The partnership is expected to expand in the coming years, further solidifying Mercury’s commitment to delivering critical processing capabilities to the European and global aerospace and defense industry.
Mercury Systems, headquartered in Andover, Massachusetts, operates across 23 locations worldwide and is involved in over 300 programs in 35 countries. Want deeper insights into both companies’ financials and growth potential? InvestingPro subscribers gain access to exclusive financial metrics, real-time analysis, and over 10 additional ProTips that could help inform your investment decisions. The company’s Mercury Processing Platform is designed to provide customers with access to advanced technologies from silicon to system scale, transforming data into timely decisions for challenging aerospace and defense missions.
This news article is based on a press release statement from Mercury Systems Inc.
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