Mercury Systems Receives Two Prestigious Cogswell Awards from U.S. Defense Counterintelligence and Security Agency

Rhea-AI Summary

Mercury Systems announced that its facilities in Cypress, CA and West Caldwell, NJ have been awarded the 2021 James S. Cogswell Outstanding Industrial Security Achievement Award by the U.S. Defense Counterintelligence and Security Agency (DCSA). This brings the total number of Cogswell awards received by the company to six. The award honors facilities demonstrating industrial security excellence, with less than 1% of the 13,000 cleared facilities nationwide receiving this recognition. The company aims to enhance trusted technologies for aerospace and defense sectors.

Positive

• The company received its fifth and sixth Cogswell awards, affirming its commitment to excellence in security program management.
• Recognition as a top security partner in the defense industry enhances the company's reputation.

Negative

• None.

Company’s fifth and sixth awards recognize excellence and innovation in security program management

ANDOVER, Mass., June 10, 2021 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced that its Cypress, Calif. and West Caldwell, N.J. facilities each received a 2021 James S. Cogswell Outstanding Industrial Security Achievement Award from the U.S. Defense Counterintelligence and Security Agency (DCSA). Mercury’s Andover, Mass.; Hudson, N.H.; Phoenix, Ariz.; and West Lafayette, Ind. facilities have also previously received Cogswell awards, bringing the total to six awards the Company has received to date.

The award recognizes industrial security excellence and is the highest honor the DCSA bestows to cleared industry partners. Out of the approximately 13,000 cleared facilities nationwide, less than 1% 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 fifth and sixth Cogswell awards and are incredibly proud of our team and the important role they play in defending our national security,” said Chris Cambria, Mercury Systems’ executive vice president and general counsel. “Earning this level of trust is a validation of our ongoing commitment to protect our team members, products and our customers, and underpins our overarching goal to make trusted, secure technologies profoundly more accessible to aerospace and defense.”

The award, established in 1966, is named in honor of the late Air Force Col. James S. Cogswell, the first DOD chief of industrial security. Cogswell was responsible for developing the basic principles of the department’s Industrial Security Program, which include an emphasis on the partnership between industry and government to protect classified information.

Mercury envisions, creates and delivers innovative technology solutions purpose-built to meet its customers' most pressing high-tech needs. For more information, contact Mercury at (866) 627-6951 or info@mrcy.com.

Mercury Systems – Innovation That Matters®
Mercury Systems is a global commercial technology company serving the aerospace and defense industry. Headquartered in Andover, Mass., the company delivers trusted, secure open architecture processing solutions powering a broad range of mission-critical applications in the most challenging and demanding environments. Inspired by its purpose of delivering Innovation that Matters, By and For People Who Matter, Mercury helps make the world a safer, more secure place for all. 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 2021 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 epidemics and pandemics such as COVID, 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 industrial security and 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 July 3, 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 Communications
Mercury Systems Inc.
+1 (978) 967-1366   |   robert.mcgrail@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 did Mercury Systems announce on June 10, 2021?

On June 10, 2021, Mercury Systems announced that its Cypress, CA and West Caldwell, NJ facilities received the 2021 James S. Cogswell Outstanding Industrial Security Achievement Award from the DCSA.

How many Cogswell awards has Mercury Systems received in total?

With the latest recognition, Mercury Systems has received a total of six Cogswell awards.

What is the significance of the Cogswell award?

The Cogswell award recognizes excellence and innovation in industrial security, awarded to less than 1% of cleared facilities nationwide.

Who awarded the Cogswell awards to Mercury Systems?

The Cogswell awards were presented by the U.S. Defense Counterintelligence and Security Agency (DCSA).

What is the focus of Mercury Systems?

Mercury Systems focuses on providing trusted, secure technologies for aerospace and defense applications.