CHELMSFORD, Mass., Nov. 14, 2016 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com), today announced that its Independent Chairman of the Board Vince Vitto was recently awarded the 2016 Eugene G. Fubini Award for outstanding contributions to the Department of Defense (DoD) and the Defense Science Board. The award was signed by Secretary of Defense Ash Carter and presented in a ceremony recently held at the Pentagon in Washington, D.C.
“Vince brings extensive experience around intelligence, surveillance and reconnaissance to our board and consistently contributes important insights to the operations and governance of Mercury Systems,” said Mark Aslett, President and CEO of Mercury Systems. “We are proud to congratulate Vince on this well-deserved recognition and appreciate his ongoing leadership and contributions to the Defense Science Board.”
According to the DoD, the award recognizes “professional excellence and superior performance in providing exemplary scientific and technical contributions across the broad spectrum of the DoD mission to meet the needs of the warfighting community, improve the acquisition system and strengthen the commercial and defense industrial base.”
Mr. Vitto has served for many years on the Defense Science Board, an organization established in 1956 to promote the latest in applied sciences and technology in support of the DoD. His contributions include papers that are presented to key personnel within the Pentagon up to and including the Secretary of Defense.
The Eugene G. Fubini Award was established in 1996 by then-Secretary of Defense William J. Perry to recognize on an annual basis, an individual from the private sector who has made highly significant contributions to the Department of Defense in an advisory capacity over a sustained period of time. Gene Fubini was the first recipient of the award.
For more information on the Defense Science Board, visit http://www.acq.osd.mil/dsb/.
Mercury Systems – Innovation That Matters™
Mercury Systems (NASDAQ:MRCY) is a leading commercial provider of secure processing subsystems designed and made in the USA. Optimized for customer and mission success, Mercury’s solutions power a wide variety of critical defense and intelligence programs. Headquartered in Chelmsford, Mass., Mercury is pioneering a next-generation defense electronics business model specifically designed to meet the industry’s current and emerging technology needs. 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 acquisition 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 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 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, 2016. 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.
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