Company’s Phoenix manufacturing facility recognized for excellence and innovation Mercury Systems’ Phoenix Advanced Manufacturing Center Mercury Systems’ Phoenix Advanced Manufacturing CenterANDOVER, Mass., Oct. 28, 2020 (GLOBE NEWSWIRE) — Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced it received the “Medium Manufacturer of the Year” award from the Arizona Manufacturers Council (AMC) during the 2020 Arizona Manufacturing Summit and awards ceremony held virtually on Friday, Oct. 23. Mercury’s Phoenix, Ariz., manufacturing facility received the award for its accomplishments in championing innovation, excellence, sustainability and leadership, and serving as a role model in the manufacturing sector. The event, co-hosted by the AMC and the Arizona Chamber of Commerce and Industry, drew attendance from both local and national business leaders and elected officials, including notable guest speakers Department of Labor Secretary Eugene Scalia and U.S. Chamber of Commerce Senior Vice President of Strategic Alliances, Rick Wade.“This year’s event was not only about recognizing the billions of dollars in revenues manufacturers brought to the state but their efforts during the pandemic,” said Mark Gaspers, AMC chairman. “We want to celebrate their innovation amidst our current challenges and their contributions to the state.”“We’re honored to receive this award for our Phoenix manufacturing facility, even more so because it recognizes what Mercury has been able to accomplish throughout the COVID-19 pandemic,” said Tom Smelker, vice president and general manager, Mercury Microsystems. “Mercury is committed to investing in our people, our processes, our technologies and our trusted domestic manufacturing capabilities to support the continued growth of our business and to deliver trusted and secure solutions to the A&D industry.”To fulfill this commitment, late last year, Mercury announced a strategic investment in its custom microelectronics capabilities in support of the DoD’s mandate for trusted microelectronics. The Company’s RFS1080 RF system in package (SiP) solution announced in September is the first commercially-available output of that investment, delivering high-speed RF processing in a compact, rugged package as well as providing customers with a trusted supply of highly integrated processing modules.Smelker added that the award underscores these recent efforts and acknowledged the opportune timing for the honor as it comes on the heels of Mercury CEO Mark Aslett’s ranking as the 1 CEO by Glassdoor for his leadership during the pandemic.All of Mercury’s advanced digital microelectronic solutions are designed and manufactured in Defense Microelectronics Activity (DMEA)-accredited facilities for design, packaging, test and broker services. Several Mercury facilities have also received a Superior rating from the Defense Counterintelligence and Security Agency (DCSA).Operating at the intersection of high tech and defense, Mercury Systems is a leader in making trusted, secure mission-critical technologies profoundly more accessible, inspired by their Purpose of delivering Innovation That Matters by and for People Who Matter, to make the world a safer, more secure place for all. For more information, visit mrcy.com or contact Mercury at (866) 627-6951 or firstname.lastname@example.org.Mercury Systems – Innovation That Matters® Mercury Systems is a leading technology company serving the aerospace and defense industry, positioned at the intersection of high-tech and defense. Headquartered in Andover, Mass., the Company delivers solutions that power a broad range of aerospace and defense programs, optimized for mission success in some of the most challenging and demanding environments. The Company envisions, creates and delivers innovative technology solutions purpose-built to meet customers’ most-pressing high-tech needs, including those specific to the defense community. To learn more, visit mrcy.com, or follow us on Twitter.Forward-Looking Safe Harbor StatementThis press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the acquisitions described herein and to fiscal 2021 business performance and beyond and the Company’s plans for growth and improvement in profitability and cash flow. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of epidemics and pandemics such as COVID, effects of any U.S. federal government shutdown or extended continuing resolution, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. Government’s interpretation of, federal export control or procurement rules and regulations, market acceptance of the Company’s products, shortages in components, production delays or unanticipated expenses due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings, or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, increases in interest rates, changes to industrial security and cyber-security regulations and requirements, changes in tax rates or tax regulations, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended Jul. 3, 2020. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.Contact: Robert McGrail, Director of Corporate Communications Mercury Systems, Inc. +1 978-967-1366 / email@example.comMercury Systems and Innovation That Matters are registered trademarks of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/261de736-b99e-4494-827e-25e2db4afba6
Social Media Buzz: Zappos' Tony Hsieh Dies, Hulu, McKinsey – BNN
(Bloomberg) — What’s buzzing on social media this morning:
Tony Hsieh, the retired CEO of online shoe retailer Zappos.com, has died at age 46. His lawyer said he was injured in a house fire while visiting Connecticut. Twitter users paid tribute to the Harvard graduate, who spent years working to revitalize Las Vegas’ downtown area.
Zappos was sold to Amazon for $1.2 billion in 2009.
Stay-at-home shoppers drove U.S. Black Friday online sales to a record high. The most mentioned products on social media include Hulu’s subscription offer, the Apple iPhone 12, and Sony’s PlayStation 5.
“Shop Small Saturday” is also trending. Smaller retailers saw early success with sales 545% higher on Black Friday, compared to an average day last month, according to Adobe.
A New York Times investigation found that McKinsey advised Purdue Pharma to pay distributors a rebate for every OxyContin overdose, in an effort to shore up sales.
A spokesperson for McKinsey told the newspaper that the firm had been “cooperating fully with the opioid-related investigations” and had announced in 2019 it would not advise any clients on opioid-specific business.
Protesters in major cities across France hit the street to rally against a new security law that would ban the publication of images of police officers with intent to cause them harm.
©2020 Bloomberg L.P.
News Media Lobby Group Asks MPs for Rules to Get Compensation from Google, Facebook – ChrisD.ca
By The Canadian Press
OTTAWA — A lobby group for Canada’s newspapers and magazines is asking MPs to enact new rules to help its members negotiate compensation from social-media giants that post content the traditional media produce.
News Media Canada wants the government to let the industry negotiate collectively with the likes of Google and Facebook.
There are similar rules in other countries, such as Australia and France, where Google announced last week it had signed compensation agreements with several daily newspapers and magazines, including Le Monde.
News Media Canada’s CEO, John Hinds, said Canadian rules similar to those would negate the need for any new taxes or spending programs.
“It allows the industry and the digital monopolies to negotiate fair terms for compensation,” Hinds told MPs on the House of Commons heritage committee Friday.
“It doesn’t raise taxes, it doesn’t deal with government sort of intervening in the marketplace, but it allows a fair market interaction between the platforms and newspapers.”
The committee is studying the challenges the pandemic has created for media and culture groups.
Several members of the committee lamented the reduction in local news coverage as their newspapers cut back on coverage and editions to keep the lights on.
Hinds said some smaller newspapers closed permanently due to the pandemic, while larger publications saw newsroom layoffs.
The federal wage subsidy, he said, has been helpful in avoiding worse.
Advertising revenue plunged by 75 per cent at the start of the pandemic in many markets, he said, and the industry is still struggling with advertising declines in the range of 30 per cent.
The federal government announced a $30-million communications budget at the start of the pandemic, but Hinds said there was limited placement of the resulting ads in Canadian news media.
“The government can deliver on its mandate to communicate with Canadians by implementing a strategy of placing ads where Canadians are looking for trusted content and advertising,” he said.
Without federal help, he added, the future is grim for many of his member organizations.
My golden rule for social media: talk trash to your heart’s content, but do it in private – The Guardian
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