Mercury Systems, Inc. (NASDAQ: MRCY), today announced that it has acquired Lewis Innovative Technologies, Inc. (LIT). A privately-held company based in Decatur, Ala., LIT is at the forefront of technology development necessary to protecting systems critical to national security while meeting strict DoD Program Protection Requirements. These technologies have proven application to a broad range of secure processing needs for several critical military missions. Terms of the transaction were not disclosed. The acquisition is not expected to have a material impact on Mercury’s financial results for the second quarter or full fiscal year 2016. The Company intends to maintain LIT’s presence in the Huntsville, Ala. tech corridor.
“We are very pleased to welcome LIT to the Mercury family,” said Mark Aslett, Mercury’s President and Chief Executive Officer. “Embedded systems security has become a requirement for new and emerging military programs. LIT’s security solutions significantly extend our leadership in secure embedded computing, which is a critical differentiator from our traditional competition. LIT’s solutions, combined with our next-generation secure Intel server-class product line, together with a mandate from the government to secure electronic systems for domestic and foreign military sales, position us well to capitalize on DoD program protection security requirements,” Aslett concluded.
“LIT’s products and engineers are widely-known and well-respected among Government and prime contractors for their technical contributions to the security community,” said Scott Orton, Vice President, Secure Processing Solutions at Mercury Defense Systems. “LIT’s technical capabilities, combined with Mercury’s extensive portfolio of software, firmware, and hardware-based security solutions will enable more cost-effective, modular, open-systems architectures that are trusted and secure.”
Source: Mercury Systems
Date: Dec 16, 2015