Second Quarter Fiscal Year 2020 Financial Results

Favorable growth environment driving improved results ● ● Sensor and effector mission systems (SEMS) revenue up 24% YoY, C41 up 22% Substantial growth in estimated lifetime value of top 30 programs and pursuits Growth driven by content expansion and market penetration Benefiting from significant wave of sensor and C41 modernization Favorable trends – delayering, flight to quality, outsourcing, taking share Tracking 100+ active programs, top programs growing faster than total revenue © 2020 Mercury Systems, Inc. 6

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