05:55 PM EDT, 06/18/2024 (MT Newswires) -- Mercury Systems ( MRCY ) late Tuesday said it has completed the next phase of an organization restructuring that began in January as part of efforts to improve performance and accelerate growth.

The reorganization, which included combining two of the company's operating units into a single division and realigning portions of its US businesses, is expected to yield around $15 million in yearly cost savings, it said.

The phase will eliminate 100 positions, resulting in expected restructuring charges of approximately $5 million for employee separation costs, the company disclosed separately in a regulatory filing.