Mercury Systems to acquire American Panel

Mercury Systems said this week it has agreed to acquire American Panel, an Alpharetta, GA-based company that specializes in large area display technology, for $100 million.

According to Mercury, American Panel technology is deployed on the Army's Apache attack helicopter, the F-35 Joint Strike Fighter and the F-18, among others.

Meanwhile, Mercury also announced sales in its most recent quarter reached $177 million, up about 16% from the same three-month period a year earlier. The company said its sales growth was driven by about $18 million in sales from its newly acquired companies.

Mercury's quarterly profit hit $12.8 million, up about 27% from the prior year.