Company: MRCY
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001049521-25-000017
Chunk: 111

Company: MERCURY SYSTEMS INC
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 111
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 subsystems sold by the Company. The Company’s subsystems are deployed in sensor processing, aviation and mission computing and C4I applications.

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The following table presents the Company's net revenue by platform for the periods presented:Third Quarters EndedNine Months EndedMarch 28, 2025March 29, 2024March 28, 2025March 29, 2024Airborne(1)$101,548 $95,014 $288,252 $317,808 Land(2)33,766 23,088 112,911 76,962 Naval(3)17,777 21,637 60,623 51,447 Space(4)11,543 32,954 38,729 43,557 Other(5)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