Mercury Systems, Inc., a technology company delivering mission-critical processing power to the edge, has entered into a long-term strategic supply agreement with Cicor Group, a European provider of aerospace and defense electronics.
As part of the agreement, Cicor will acquire Mercury’s board manufacturing operation located in Plan-Les-Ouates, Switzerland, and supply Mercury with electronic products over the next five years. The collaboration is designed to scale production capacity, enhance supply chain resilience, and support Mercury’s expanding role in the European and international defense markets.
Mercury Mission Systems International S.A. is a key provider of mission-critical processing products for the international aerospace and defense industry. With increasing global demand for commercial defense technologies, Mercury will transition its Swiss board manufacturing operations to Cicor. This will allow Mercury’s facilities in Switzerland, Spain, and the United Kingdom to concentrate on their core competencies in engineering design and systems integration. This strategic focus is expected to support the company’s next phase of international growth.
The transaction is expected to close within approximately one month, pending customary closing conditions, including end customer consents. Cicor will assume ownership of the Plan-Les-Ouates facility and its 34 employees. Over the next 18 months, production will be relocated to Cicor’s existing sites in Newport, United Kingdom, and Bronschhofen, Switzerland.
Mercury has committed to procure from Cicor a volume of products with a total value in the high double-digit million CHF range over the five-year term. In parallel, Mercury will continue sourcing electronic boards from its U.S. operations to maintain a robust and diversified global supply chain. Both companies have indicated their intention to further expand the partnership in the years ahead, unlocking additional revenue potential and collaborative opportunities.
“Mercury remains dedicated to delivering mission-critical processing capabilities to the European and global aerospace and defense sector,” said Paul Tanner, Vice President of Mercury International. “This agreement with Cicor will allow us to scale quickly to meet the growing demand for leading-edge commercial processing technologies around the world.”
About Mercury Systems, Inc.:
Mercury Systems, Inc. (NASDAQ: MRCY) is a technology company that delivers mission-critical processing power to the edge, making advanced technologies profoundly more accessible for today’s most demanding aerospace and defense missions. The Mercury Processing Platform enables customers to harness capabilities from silicon to system scale, helping turn data into actionable decisions on timelines that matter. Mercury’s technologies are deployed in over 300 programs across 35 countries. The company is headquartered in Andover, Massachusetts, with 23 global locations. For more information, visit www.mrcy.com.
About Cicor Group:
Cicor Group (SIX Swiss Exchange: CICN) is a globally active provider of full-cycle electronic solutions, offering services from research and development through manufacturing and supply chain management. With approximately 3,450 employees across 21 locations, Cicor serves key players in the medical, industrial, aerospace, and defense sectors. The company specializes in customer-specific development, high-tech components, and complex device manufacturing. CIRCOR’s Aerospace and Defense Business Group is ISO 9000, AS9100, European Aviation Safety Agency EASA.145.5907, FAR 21 Production – PMA, Class 10,000 Clean Room and Soldering to J-STD-001 certified. For more information, visit www.cicor.com.
Sources: Mercury Systems, Inc. and Circor Group
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