Reuters: Boeing explores purchase of Mercury Systems

|About: Mercury Systems, Inc. (MRCY)|By:, SA News Editor

Mercury Systems (MRCY) +8.6% AH on a Reuters report that says Boeing (BA) is considering buying the supplier of digital signal and image processing systems to the aerospace and defense industry.

A Boeing acquisition of one of its suppliers would allow it to save costs and increase its footprint in commercial aerospace components, and would allow it to gain access to MRCY's microprocessor business, which can be used on unmanned aerial vehicles.

MRCY is said to be seeking ~$500M in a sale.