Mercury Systems, Inc., (NASDAQ: MRCY, www.mrcy.com), a leader in
trusted, secure mission-critical technologies for aerospace and
defense, today announced that Mitch Stevison has joined the Company
as executive vice president and chief growth officer, effective
Oct. 4, 2021. Reporting to Mark Aslett, Mercury’s president and
chief executive officer, Dr. Stevison will drive and align the
Company’s growth strategy across the enterprise to achieve its
growth objectives.
“Mitch is a results-oriented leader who brings with him a high
degree of success to Mercury,” said Aslett. “His leadership and
proven background in organizational growth along with his ability
to build collaborative relationships will be integral to further
expanding Mercury’s position at the intersection of high-tech and
defense. Mercury’s recent growth has already demonstrated our
remarkable ability to come together to deliver superior results,
which has laid the foundation for our next phase of value creation
at scale. I’m thrilled to welcome Mitch to Mercury’s executive
leadership team to help us get to that next level.”
“I’m excited to be joining such a dynamic and results-focused
company,” said Dr. Stevison. “I look forward to working in
partnership with the executive leadership team to help drive
sustainable, long-term growth.”
Dr. Stevison, a 20-year U.S. Army veteran, brings to Mercury
more than 16 years of global experience in the aerospace and
defense industry. He comes to Mercury from Raytheon Missiles &
Defense, where he served as vice president of Strategy, overseeing
the design and execution of comprehensive business strategy,
portfolio shaping, and evaluating investment opportunities to
further advance the Raytheon Missiles & Defense portfolio. Dr.
Stevison also served as vice president of Strategic and Naval
Systems at Raytheon Missiles Systems, prior to Raytheon Company’s
merger with United Technologies Corporation in 2020. Prior to that,
he was the director of the SM-3® program, where he was responsible
for all variants of the SM-3® missile portfolio, both domestically
and internationally. Dr. Stevison has previously held senior
leadership roles at Lockheed Martin and at Miltec Systems, a
Ducommun Company.
Dr. Stevison holds a doctorate in business administration from
TUI University in Cypress, Calif., a master’s degree from Central
Michigan University, and a bachelor’s degree from Athens State
University in Athens, Ala.
Mercury envisions, creates and delivers innovative technology
solutions purpose-built to meet its customers’ most pressing
high-tech needs. For more information, visit mrcy.com or 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 StatementThis 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 2022 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, changes in, or in the interpretation or enforcement of
environmental 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, restructurings and value creation
initiatives such as 1MPACT, or delays in realizing such benefits,
challenges in integrating acquired businesses and achieving
anticipated synergies, increases in interest rates, changes to
industrial security and cybersecurity 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 2, 2021. 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.
CONTACTRobert McGrailDirector, Corporate
CommunicationsMercury Systems, Inc.+1 978-967-1366
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/381ede1a-2d5c-4bb7-9f77-e844c6b05b41
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