Mercury Systems to acquire Physical Optics Corporation for $310M

Mercury Systems has signed a definitive agreement to acquire Physical Optics Corporation (POC), a designer and integrator of avionics and mission subsystems for defense, for $310 million in cash. The deal is expected to be funded through cash on hand and Mercury's revolving credit facility.

“The acquisition of Physical Optics Corporation adds important capabilities on new and existing airborne programs in the platform and mission management market.”globenewswire.com

• 1 source
• globenewswire.comMercury Systems to Acquire Physical Optics CorporationMercury Systems IncDec 7, 2020

Summarized from public sources; check the original articles before acting on it.