2020 Annual Meeting of Shareholders

6 Operating environment improves incrementally Hiring outpacing attrition, supply chain flowing more smoothly ▪ Semis continue to affect program timing, efficiency; no significant improvement until H2 FY24 ▪ 1MPACT program continues to evolve and deliver positive results ▪ Streamlined org. structure, strengthened leadership team, accountability deeper in business ▪ Effective pricing initiatives, greater R&D efficiency, manufacturing footprint consolidation ▪ Digital transformation efforts to improve cost structure over time Ⓒ Mercury Systems, Inc. Does not contain Technical Data. //Mercury Proprietary/No Tech Data// mercury

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