Mercury Systems Receives Fourth Prestigious Cogswell Award from U.S. Defense Counterintelligence and Security Agency

Rhea-AI Summary

Mercury Systems, a prominent player in aerospace and defense technologies, has been awarded the 2020 James S. Cogswell Outstanding Industrial Security Achievement Award from the U.S. Defense Counterintelligence and Security Agency. This award highlights Mercury's commitment to industrial security, with only 61 out of 13,000 cleared facilities receiving this prestigious honor. The recognition reflects Mercury's dedication to safeguarding sensitive information as it continues to innovate and provide secure technologies to bridge commercial and defense sectors.

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• Awarded the 2020 James S. Cogswell Outstanding Industrial Security Achievement Award, underscoring commitment to security excellence.
• Only 61 out of 13,000 cleared facilities received this award, highlighting the company's superior security management.

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ANDOVER, Mass., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced that its Andover facility received the 2020 James S. Cogswell Outstanding Industrial Security Achievement Award from the U.S. Defense Counterintelligence and Security Agency (DCSA). Mercury’s Hudson, New Hampshire; West Lafayette, Indiana; and Phoenix, Arizona, facilities have previously received Cogswell awards.

This award, which recognizes industrial security excellence, is the highest honor the DCSA bestows to cleared industry partners. Out of the approximately 13,000 cleared facilities nationwide, less than 1% (61) received Cogswell awards this year. Facilities may be nominated for the award only if they have a minimum of two consecutive, superior security ratings and show a sustained degree of excellence and innovation in their overall security program management, implementation and oversight.

“We’re honored to receive our fourth Cogswell Award and are extremely proud of the diligence, hard work and commitment to security excellence by our Andover team,” said Christopher Cambria, executive vice president and general counsel, Mercury Systems. “With less than one percent of cleared facilities receiving this recognition, earning this level of trust is validation of our ongoing commitment to safeguarding sensitive information and underpins our overarching goal to make trusted, secure technologies profoundly more accessible to aerospace and defense.”

Mercury is accelerating innovation for its customers as the Company bridges the gap between commercial technology and defense applications to meet the industry’s current and emerging needs. For more information, visit www.mrcy.com or contact Mercury at (866) 627-6951 or info@mrcy.com.

Mercury Systems – Innovation That Matters^®

Mercury Systems is the leader in making trusted, secure mission-critical technologies profoundly more accessible to the aerospace and defense industries. Optimized for customer and mission success, our innovative solutions power more than 300 critical aerospace and defense programs. Headquartered in Andover, Mass., and with manufacturing and design facilities around the world, Mercury specializes in engineering, adapting and manufacturing new solutions purpose-built to meet the industry’s current and emerging high-tech needs. Our employees are committed to Innovation That Matters®. To learn more, visit mrcy.com, or follow us on Twitter.

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 and to fiscal 2020 business performance and beyond and the Company’s plans for growth and improvement in profitability and cash flow. 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 any U.S. Federal government shutdown or extended continuing resolution, 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 or unanticipated expenses due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings, or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, increases in interest rates, changes to cyber-security regulations and requirements, changes in tax rates or tax regulations, changes to interest rate swaps or other cash flow hedging arrangements, 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, 2019, and as updated by the Company’s Current Report on Form 8-K filed on August 4, 2020. 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.

Contact:
Robert McGrail, Director of Corporate and Investor Communications
Mercury Systems, Inc.
+1 978-967-1366 / rmcgrail@mrcy.com

Mercury Systems and Innovation That Matters are registered trademarks of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.

FAQ

What is the significance of the 2020 Cogswell Award received by MRCY?

The 2020 Cogswell Award signifies Mercury Systems' outstanding commitment to industrial security excellence, with less than 1% of cleared facilities receiving it.

How many times has Mercury Systems received the Cogswell Award?

Mercury Systems has received the Cogswell Award four times, showcasing its sustained excellence in security.

What does the Cogswell Award recognize?

The Cogswell Award recognizes facilities for maintaining superior security ratings and demonstrating excellence in security program management.

Who awarded the Cogswell Award to MRCY?

The Cogswell Award was awarded by the U.S. Defense Counterintelligence and Security Agency.

What does MRCY specialize in?

Mercury Systems specializes in making trusted, secure technologies more accessible to the aerospace and defense industries.