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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Jun. 28, 2024

Jun. 30, 2023

Jul. 01, 2022

Jul. 02, 2021


Fiscal Year													Value of Initial Fixed $100 Investment Based on:				Net Income(4)		Adjusted EBITDA(5)
	Summary Compensation Table Total for Current PEO(1)		CAP to Current PEO(1)(2)		Summary Compensation Table Total for Former PEO(1)		CAP to Former PEO(1)(2)		Average Summary Compensation Table Total for Other NEOs(1)		Average CAP to Other NEOs(1)(2)		Company Total Shareholder Return(3)		SPADE® Defense Index Total Shareholder Return(3)
2024	$	22,422,508	$	12,424,701	$	—	$	—	$	2,663,671	$	1,311,059	$	33.58	$	186.03	$	(137.60)	$	9.40
2023	255,967		92,270		836,533		(22,242,077)		813,657		(1,656,080)		43.06		152.99		(28.30)		132.30
2022	—		—		18,859,871		22,797,417		4,959,848		7,195,351		79.73		128.13		$	11.30	$	200.50
2021	—		—		4,949,119		1,559,821		1,709,461		597,369		82.20		136.60		$	62.00	$	201.90

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

The PEOs and Other NEOs whose compensation is reported in the table above include the current and former officers disclosed in the table below.

Covered Officer or Group

Fiscal Year(s)

Name

Title

Current PEO

2024-2023

William L. Ballhaus(a)

Chairman, President and Chief Executive Officer

Former PEO

2023-2021

Mark Aslett

Former President and Chief Executive Officer

Other NEOs

2024

David E. Farnsworth(a)

EVP, Chief Financial Officer

2024

Stuart H. Kupinsky(a)

EVP, Chief Legal Officer and Corporate Secretary

2024

Steven V. Ratner

EVP, Chief Human Resources Officer

2024-2022

Charles R. Wells, IV(a)

EVP, Chief Operating Officer

2024, 2021

Christopher C. Cambria(a)

Former EVP, General Counsel and Secretary

2024

Allen Couture(a)

Former EVP, Execution Excellence

2024-2023

Michele M. McCarthy (a)

Former SVP, Chief Accounting Officer and Former Interim Chief Financial Officer and Treasurer

2023

Christine Harbison

Former EVP, Chief Growth Officer

2023-2021

Michael D. Ruppert

Former EVP, Chief Financial Officer and Treasurer

2023-2022

James M. Stevison

Former EVP, President of Mission Systems

2022

Thomas Huber

Former EVP, Chief Transformation Officer

2021

Didier M.C. Thibaud

Former EVP, Chief Operating Officer

(a) For a discussion of changes in employment, roles and responsibilities during fiscal 2024, see the Notes to the Summary Compensation Table.

PEO Total Compensation Amount

$ 18,859,871

$ 4,949,119

PEO Actually Paid Compensation Amount

22,797,417

1,559,821

Adjustment To PEO Compensation, Footnote

CAP reflects the total compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted in accordance with the table below.


Covered Officer or Group	Fiscal Year	Summary Compensation Table Total		Deduction of Stock Awards Included in Summary Compensation Table Total			Year End Fair Value of Outstanding and Unvested Equity Awards Granted in Covered Fiscal Year		Year-Over-Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Year		Fair Value at End of Prior Fiscal Year of Equity Awards Forfeited in Covered Fiscal Year(a)		Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Same Fiscal Year(b)		Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Covered Fiscal Year		Compensation Actually Paid
Current PEO	2024	$	22,422,508	$	(20,906,346)		$	10,914,774	$	—	$	—	$	—	$	(6,235)	$	12,424,701
	2023	255,967		(190,967)		(c)	137,530		(55,394)		—		—		(54,866)		92,270
Former PEO	2023	836,533		—			—		—		(21,075,879)		—		(2,002,731)		(22,242,077)
	2022	18,859,871		(16,981,781)			21,054,950		671,932		—		—		(807,555)		22,797,417
	2021	4,949,119		(3,732,297)			4,049,633		(3,677,514)		—		—		(29,120)		1,559,821
Other NEOs (group average)	2024	2,663,671		(1,776,823)			892,415		(319,226)		(170,680)		41,529		(19,827)		1,311,059
	2023	813,657		(361,958)			277,383		(875,095)		(1,313,428)		—		(196,639)		(1,656,080)
	2022	4,959,848		(2,745,023)			4,992,208		54,101		—		—		(65,783)		7,195,351
	2021	1,709,461		(1,078,205)			665,928		(693,131)		—		—		(6,684)		597,369

(a) Amounts reported in this column for fiscal 2024 represent the fair value of unvested LTI awards forfeited by virtue of the terminations of Messrs. Cambria and Couture without cause effective March 1, 2024 and February 16, 2024, respectively, and the resignation of Ms. McCarthy effective March 1, 2024.

(b) Amount reported in this column for fiscal 2024 represents the fair value of shares underlying LTI awards that were granted on August 17, 2023 and vested in connection with the termination of Messrs. Cambria and Couture by the Company without cause pursuant to separation agreements effective on January 25, 2024 and February 16, 2024, respectively, including as a result of a modification to the awards made pursuant to Mr. Cambria's separation agreement. For a discussion concerning the effect of termination of employment without cause on outstanding LTI awards, see "– Potential Payments Upon Change in Control or Termination of Employment." For a further discussion concerning the modifications made to Mr. Cambria's outstanding LTI awards in connection with his termination without cause, see "Compensation Discussion and Analysis — Separation Agreement with Christopher Cambria."

Non-PEO NEO Average Total Compensation Amount

$ 2,663,671

$ 813,657

4,959,848

1,709,461

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,311,059

(1,656,080)

7,195,351

597,369

Adjustment to Non-PEO NEO Compensation Footnote

CAP reflects the total compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted in accordance with the table below.


Covered Officer or Group	Fiscal Year	Summary Compensation Table Total		Deduction of Stock Awards Included in Summary Compensation Table Total			Year End Fair Value of Outstanding and Unvested Equity Awards Granted in Covered Fiscal Year		Year-Over-Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Year		Fair Value at End of Prior Fiscal Year of Equity Awards Forfeited in Covered Fiscal Year(a)		Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Same Fiscal Year(b)		Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Covered Fiscal Year		Compensation Actually Paid
Current PEO	2024	$	22,422,508	$	(20,906,346)		$	10,914,774	$	—	$	—	$	—	$	(6,235)	$	12,424,701
	2023	255,967		(190,967)		(c)	137,530		(55,394)		—		—		(54,866)		92,270
Former PEO	2023	836,533		—			—		—		(21,075,879)		—		(2,002,731)		(22,242,077)
	2022	18,859,871		(16,981,781)			21,054,950		671,932		—		—		(807,555)		22,797,417
	2021	4,949,119		(3,732,297)			4,049,633		(3,677,514)		—		—		(29,120)		1,559,821
Other NEOs (group average)	2024	2,663,671		(1,776,823)			892,415		(319,226)		(170,680)		41,529		(19,827)		1,311,059
	2023	813,657		(361,958)			277,383		(875,095)		(1,313,428)		—		(196,639)		(1,656,080)
	2022	4,959,848		(2,745,023)			4,992,208		54,101		—		—		(65,783)		7,195,351
	2021	1,709,461		(1,078,205)			665,928		(693,131)		—		—		(6,684)		597,369

Compensation Actually Paid vs. Total Shareholder Return

The following chart illustrates the relationship between the Combined CAP for our PEOs, the Average CAP for Other NEOs and the total shareholder returns set forth in the Pay Versus Performance Table for our three most recently completed fiscal years.

Compensation Actually Paid vs. Net Income

The following chart illustrates the relationship between the Combined CAP for our PEOs, the Average CAP for Other NEOs and our net income results as set forth in the Pay Versus Performance Table for our three most recently completed fiscal years.

Compensation Actually Paid vs. Company Selected Measure

The following chart illustrates the relationship between the Combined CAP for our PEOs, the Average CAP for Other NEOs and our Adjusted EBITDA results as set forth in the Pay Versus Performance Table for our three most recently completed fiscal years.

Total Shareholder Return Vs Peer Group

Tabular List, Table


Most Important Financial Performance Measures for Fiscal 2024
Adjusted EBITDA	Revenue	Adjusted Free Cash Flow
Three-Year Adjusted EBITDA Margin	Three-Year Revenue Growth

Total Shareholder Return Amount

$ 33.58

43.06

79.73

82.20

Peer Group Total Shareholder Return Amount

186.03

152.99

128.13

136.60

Net Income (Loss)

$ (137,600,000)

$ (28,300,000)

$ 11,300,000

$ 62,000,000.00

Company Selected Measure Amount

9,400,000

132,300,000

200,500,000

201,900,000

Additional 402(v) Disclosure

Total shareholder returns ("TSRs") are based on an initial $100 investment, measured on a cumulative basis from the market closing price on July 2, 2020 through the market close on the last trading day of each covered fiscal year in each of Mercury common stock and the SPADE® Defense Index. We use the SPADE® Defense Index both as a performance modifier under our PSAs granted in fiscal 2024 and in the stock performance graph required by Item 201(e) of Regulation S-K included in our annual report to shareholders.Amounts reported in millions.

The table below provides an unranked list of the financial measures that we consider to have been the most important for fiscal 2024 in linking the compensation of our PEOs and Other NEOs to our performance. For a further discussion of how these measures are used to align payouts with performance, see "Compensation Discussion and Analysis—Elements of Target Pay—Annual Incentives," "Compensation Discussion and Analysis—Elements of Target Pay—Long-Term Incentives," and "Appendix B: Reconciliation of GAAP Measures to Non-GAAP Measures." The Committee does not consider the calculation of CAP as part of its executive compensation determinations; accordingly, the Committee does not actually use any financial performance measure specifically to link CAP to Company performance.