Baird 2018 Annual Global Industrial Conference

● ● Acquisitions have transformed Mercury into a commercial... Aerospace and Defense Electronic Subsystem Acquired capabilities significantly expanded addressable market • Accelerates customer ● supply chain transformation ● Moved up the value chain Model facilitates greater customer outsourcing Disintermediate traditional product-level competitors Low-risk, content expansion organic growth strategy • Future M&A opportunities CAUTION © 2017 Mercury Systems, Inc. MUSTMINSTALLED FAN ASSEMBLY SURFACE FACING UP FOR PROPPER OPERATION MISSION PROCESSING MISSION PROCESSING SAFETY & SECURITY IP SECURE STORAGE SENSOR PROCESSING SENSOR PROCESSING SENSOR PROCESSING SENSOR PROCESSING DIGITIZATION DIGITIZATION RF RF RF RF THEMIS GERMANE ces IT THEMIS ECHOTEK CORP SYSTEMS Represents carve-out acquisition from Microsemi Corp. LNNX MERCURY RUL GERMANE D MICRONETICS Delta Microwave Microsemi Computer Systems, Inc. SYSTEMS DOKOR ELECTRONICS Microsemi olol Microsemi ...provider of secure sensor and safety-critical processing subsystems KOR ELECTRONICS 5

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