CHELMSFORD, Mass. -- Oct. 20, 2014 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (Nasdaq:MRCY) (www.mrcy.com), a leading provider of affordable, commercially developed, open sensor processing systems and services for critical commercial, defense and intelligence applications, announced that, effective November 17, 2014, Michael Ruppert will be joining the Company as Senior Vice President, Strategy and Corporate Development, reporting to Mercury's President and Chief Executive Officer, Mark Aslett. Mr. Ruppert will be responsible for Mercury's corporate development activities, including strategy, planning and mergers and acquisitions.
"Our corporate strategy is focused on driving profitable growth organically and through acquisitions," said Mr. Aslett. "Michael's in-depth knowledge and experience with M&A in the aerospace and defense industries will make him an invaluable member of Mercury's senior leadership team. I'm very pleased to be bringing him on board as we enter the next phase of the Company's growth and evolution."
Mr. Ruppert brings fifteen years of investment banking experience spanning mergers and acquisitions, capital formation, strategy development and execution, as well as transaction execution for a wide range of companies in the aerospace and defense markets. Over his career, he has provided strategic guidance and consultation on many marquee public company transactions in the defense industry in addition to advising public and private companies and investors on transactions of all types and sizes.
Prior to joining Mercury, Mr. Ruppert was the Co-Founder and Managing Partner of RSPartners, LLC, a boutique M&A advisory firm focused on the aerospace and defense industries. Previously, Mr. Ruppert was a Managing Director at UBS Securities where he led the Defense and Government IT effort from 2011 to 2013. Before that he focused on aerospace and defense mergers & acquisitions at both Lehman Brothers and Lazard. Mr. Ruppert holds a bachelor's degree in business from the University of Virginia's McIntire School of Commerce and a Masters of Business Administration degree from the University of Virginia's Darden School of Business.
Mercury Systems – Innovation That Matters™
Mercury Systems (Nasdaq:MRCY) is the better alternative for affordable, commercially developed, open sensor processing systems and services. These capabilities make us the first commercially based defense electronics company built to meet rapidly evolving next generation defense challenges. Mercury Systems has worked on over 300 programs, including Aegis, Patriot, SEWIP, Gorgon Stare and Predator/Reaper. We are based in Chelmsford, Massachusetts with additional advanced manufacturing and other key facilities across the USA. To learn more, visit www.mrcy.com.
Forward-Looking Safe Harbor 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 products and services described herein. You can identify these statements by the use of the words "may," "will," "could," "should," "would," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," "likely," "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. Such risks and uncertainties include, but are not limited to, continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. Government's interpretation of, federal export control or procurement rules and regulations, market acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions, divestitures and restructurings, or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2014. The Company cautions readers not to place undue reliance upon any such 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.
Mercury Systems and Innovation That Matters are trademarks of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.
CONTACT: Robert McGrail, Director of Corporate Communications Mercury Systems, Inc. +1 978-967-1366 / firstname.lastname@example.org
Source:Mercury Systems, Inc.