Welcome to our dedicated page for Mercury Systems news (Ticker: MRCY), a resource for investors and traders seeking the latest updates and insights on Mercury Systems stock.
Mercury Systems Inc., trading under the symbol MRCY on Nasdaq, is at the forefront of revolutionizing the defense electronics market with its next-generation business model. As a commercial technology provider serving the aerospace and defense sectors, Mercury Systems delivers secure, open architecture solutions critical to mission success in harsh environments. These solutions power a variety of applications, including mission computing, sensor processing, command and control, and communications.
Headquartered in Andover, Massachusetts, Mercury Systems boasts a global presence with 24 locations worldwide and products deployed in over 300 programs across 35 countries. The company is dedicated to making advanced technologies more accessible, ensuring that data is turned into actionable decisions quickly and effectively. Their core business involves the development and delivery of secure sensor and safety-critical processing subsystems optimized for both customer and mission success.
Mercury Systems has a rich history of innovation, evidenced by recent advancements such as the ARES-SAR radar environment simulator, which enhances radar system testing and training. Additionally, their Mercury Processing Platform enables clients to leverage capabilities from silicon to system scale, further cementing their role as a key player in the defense and aerospace industry.
Financially, Mercury Systems remains robust, with a significant backlog of $1.29 billion as of March 2024, reflecting strong customer demand. Despite challenges, the company has shown resilience by focusing on operational efficiencies and strategic growth, aiming to deliver above-average industry growth and profitability in the long term.
Partnerships play a vital role in Mercury’s strategy. Collaborations with giants like Raytheon and BlueHalo underscore Mercury's capabilities in delivering advanced defense solutions. Notably, Mercury’s hardware supports Raytheon’s LTAMDS radars and BlueHalo's BADGER system for the U.S. Space Force’s SCAR program.
Mercury Systems continuously innovates, as seen with the DRF2580 SOM, which significantly enhances RF spectrum processing at the edge, and the recent production of embedded computing technologies for Lockheed Martin’s F-35 program in Switzerland. These developments highlight Mercury’s commitment to providing cutting-edge technology and supporting the strategic missions of its customers.
In summary, Mercury Systems Inc. stands as a pivotal force in the defense electronics sector, driving innovation and delivering mission-critical solutions that support the safety and security of nations worldwide.
Mercury Systems has introduced new avionics data recorder, storage, and transfer systems designed for high-speed, secure, and reliable data exchange in aerial operations. These systems, which integrate easily into both rotary and fixed-wing aircraft, enhance intelligence, surveillance, and reconnaissance (ISR) capabilities. The offerings include the High Definition Video Recorder, Advanced Data Transfer Systems, and Data Storage Systems, all featuring advanced encryption and high performance. This innovation aims to reduce maintenance costs and enhance mission effectiveness.
Mercury Systems (MRCY) has secured a $17 million order from the U.S. Naval Air Warfare Center for Advanced Data Transfer Systems (ADTS), aimed at multiple rotary-wing and tilt-rotor platforms. This order is part of an $84.9 million IDIQ contract obtained in September 2020, following Mercury's acquisition of Physical Optics Corporation. The delivery order, expected over several quarters, highlights Mercury's commitment to enhancing the Naval air fleet's capabilities through secure technology solutions.
Mercury Systems reported strong fourth quarter results with revenues of $251 million, a 15% increase year-over-year. Bookings reached $260 million for a book-to-bill ratio of 1.04, and backlog exceeded $900 million. The company completed the acquisition of Pentek and launched the 1MPACT initiative, targeting annualized savings of $30-50 million by fiscal 2025. For fiscal 2022, projected revenue is $1.00-$1.03 billion with adjusted EPS expected between $2.45 and $2.55.
Mercury Systems Inc. announces the launch of the SCFE6931 processing module, the industry's first to integrate AI processing functionality, utilizing dual Xilinx Versal AI Core processors. This module offers up to 20× faster performance than current FPGA solutions and 100× faster than CPUs, enhancing capabilities for applications in radar, 5G, and electronic warfare. Designed for harsh environments, the SCFE6931 supports agile integration and reduces development time, fulfilling the growing demand for high-performance processing in aerospace and defense.
Mercury Systems Inc. (NASDAQ: MRCY) will participate in the Jefferies Virtual Industrials Conference on Aug. 3-4, 2021. A presentation providing an overview of the company’s business is scheduled for Aug. 4 at 10:00 a.m. ET. The event will be webcast live and accessible via Mercury’s investor website, with a replay available for 30 days. Headquartered in Andover, Mass., Mercury specializes in secure technologies for aerospace and defense, emphasizing its commitment to delivering Innovation That Matters.
Mercury Systems, Inc. (NASDAQ: MRCY) announced a partnership with CoreAVI to provide safety-certified graphics and GPU compute solutions for aerospace and defense markets. This exclusive agreement addresses the rising demand for safety-critical technologies and supports open standards. The collaboration aims to enhance mission-critical applications by integrating CoreAVI’s software with Mercury’s mission computing solutions. Both companies will also develop advanced AI technology to improve situational awareness and support autonomous systems. This partnership reinforces Mercury's commitment to innovation and safety in avionics.
Mercury Systems has launched a new line of safety-certifiable 3U OpenVPX™ SOSA-aligned avionics modules aimed at reducing integration costs and risks in avionics applications. These modules support advanced workloads like artificial intelligence and augmented reality, facilitating faster certification processes. Highlights include the SBC3515-S module, the first Intel® Core™ i7 single board computer with up to 40x better performance than traditional boards. The collaboration with Intel enhances system reliability, reducing development time and costs.
Mercury Systems Inc. (NASDAQ: MRCY) will release its fourth quarter and fiscal year 2021 financial results on August 3, 2021, after market close. A conference call will follow at 5:00 p.m. ET to discuss the results and provide outlook updates. The company is recognized for its secure technologies in aerospace and defense sectors. Forward-looking statements in the press release highlight risks such as funding uncertainties, market conditions, and technological changes. Investors are advised that actual results could differ from projected outcomes due to these risks.
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