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Mercury Computer Acquires Defense Electronics Firm LNX

DDN

Friday, January 21st, 2011

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Mercury Computer Systems [MRCY] this month acquired LNX Corp., a developer and producer of defense electronics components used in intelligence gathering platforms, for $31 million in cash. Terms of the deal include an additional $5 million earn-out provision based on financial results this year and next. For Mercury, which is a subsystems provider in the area of technology used for intelligence, surveillance and reconnaissance (ISR), the deal bolsters its electronic warfare (EW) capabilities and boosts its content on the Navy's…

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