According to the Complaint, Mercury Systems, Inc. ("Mercury" or the "Company") is a commercial provider of defense and intelligence, secure sensor and safety critical mission processing subsystems for defense prime contractors. Mercury is deployed in more than 300 programs, including: Aegis, Patriot, Surface Electronic Warfare Improvement Program (“SEWIP”), Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye and
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (i) Mercury’s decision to in-source processing was adversely impacting Mercury’s operating margins and free cash-flow generation and conversion; (ii) Mercury’s model was becoming structurally more working capital intensive; (iii) as a result of the foregoing, Mercury’s public statements were materially false and misleading at all relevant times.
On September 27, 2018, the Court issued an Order appointing Lead Plaintiff and Counsel.
This case was voluntarily dismissed on December 10, 2018.