Chelmsford, MA-based IT firm Mercury Computer Systems said yesterday that it bought LNX, a provider of receiver systems for intelligence technology. Mercury (NASDAQ: [[ticker:MRCY]]) paid $31 million in cash for the Salem, NH-based company, and could pay up to an additional $5 million if LNX hits certain financial targets in 2011 and 2012, according to the announcement. The acquisition will strengthen the radio frequency and signal processing technology for Mercury’s products, the company said.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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