Company: MRCY
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001049521-25-000017
Chunk: 51

Company: MERCURY SYSTEMS INC
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 51
---
)46,724 35,565 138,399 96,938 Total Net Revenues$211,358 $208,258 $638,914 $586,712 (1) Airborne platform includes products that relate to personnel, equipment or pieces of equipment designed for airborne applications.(2) Land platform includes products that relate to fixed or mobile equipment, or pieces of equipment for personnel, weapon systems, vehicles and support elements operating on land.(3) Naval platform includes products that relate to personnel, equipment or pieces of equipment designed for naval operations.(4) Space platform includes products that relate to personnel, equipment or pieces of equipment designed for space operations. (5) All platforms other than Airborne, Land, Naval, or Space.The geographic distribution of the Company’s identifiable long-lived assets is summarized as follows:U.S.EuropeTotalMarch 28, 2025$104,924 $2,553 $107,477 June 28, 2024$107,655 $2,698 $110,353 Identifiable long-lived assets exclude right-of-use assets, goodwill, and intangible assets.Customers comprising 10% or more of the Company’s revenues for the periods shown are as follows:Third Quarters EndedNine Months EndedMarch 28, 2025March 29, 2024March 28, 2025March 29, 2024U.S. Navy14 %*11 %*RTX Corporation11 %11 %11 %10 %Lockheed Martin Corporation11 %15 %10 %11 %L3Harris*13 %*11 %Northrop Grumman*10 %**36 %49 %32 %32 %*    Indicates that the amount is less than 10% of the Company's revenue for the respective period.While the Company typically has customers from which it derives 10% or more of its revenue, the sales to each of these customers are spread across multiple programs and platforms. There were no programs comprising 10% or more of the Company's revenues for the third quarters and nine months ended March 28, 2025 and March 29, 2024.

L.Commitments and Contingencies

LEGAL CLAIMSThe Company is subject to litigation, claims, investigations and audits arising from time to time in the ordinary course of business. Although legal proceedings are inherently unpredictable, the Company believes