Company: MRCY
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001049521-25-000062
Chunk: 82

Company: MERCURY SYSTEMS INC
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 82
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-assemblies include embedded processing boards, switched fabrics and boards for high-speed input/output, digital receivers, graphics and video, along with multi-chip modules, integrated radio frequency and microwave multi-function assemblies and radio frequency tuners and transceivers.(3) Integrated solutions bring components, modules and/or sub-assemblies into one system, enabled with software. Subsystems are typically, but not always, integrated within an open standards-based chassis and often feature interconnect technologies to enable communication between disparate systems. Spares and replacement modules and sub-assemblies are provided for use with subsystems sold by the Company. The Company’s subsystems are deployed in sensor processing, aviation and mission computing and C4I applications.The following table presents the Company's net revenue by platform for the periods presented:First Quarters EndedSeptember 26, 2025September 27, 2024Airborne(1)$94,688 $90,490 Land(2)42,883 34,314 Naval(3)19,639 20,653 Space(4)18,475 15,359 Other(5)49,524 43,615 Total Net Revenues$225,209 $204,431 (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.Customers comprising 10% or more of the Company’s revenues for the periods shown are as follows:First Quarters EndedSeptember 26, 2025September 27, 2024Lockheed Martin Corporation13 %11 %RTX Corporation10 %*Northrop Grumman10 %*L3Harris*12 %33 %23 %*    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