The defense tech company is in a unique scenario: There are two experienced activist investors here.
in defense spending. Second, the company's growth has slowed recently leading to missed earnings and cut guidance two quarters in a row, largely because of Covid and supply chain issues. Both are transient problems that should be resolved in the short term. Third, as technology continues to get upgraded, there is increased demand for Mercury's technological components, helping to improve their penetration.
Knowing Starboard's extensive experience in helping companies optimize growth and margins, we think having them involved here will not only make it more certain that the company executes on this goal but will also give the company the opportunity to exceed their goal. As a reference, the defense business of Curtiss-Wright has 27% EBITDA margins, compared to just 17.8% for the company.
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