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Mercury Systems Inc. - MRCY STOCK NEWS

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.

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Mercury Systems has delivered over 1,000 NanoSWITCH rugged network switches to Oshkosh Defense for the Joint Light Tactical Vehicle (JLTV) program. This delivery signifies a major milestone in Mercury's 40-year history of providing secure and reliable subsystems for defense. The NanoSWITCH enhances Ethernet switching capabilities and ensures compliance with VICTORY standards for interoperability. The commitment to compact and lightweight solutions supports long-term defense programs, reflecting Mercury's role in the aerospace and defense sectors.

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Mercury Systems has unveiled its groundbreaking EnsembleSeries HDS6705 blade server, a 6U OpenVPX™ embedded computing solution designed for aerospace and defense applications. This server provides high-performance processing with built-in security, powered by Second Generation Intel Xeon Scalable processors. It is expected to be available in Q2 CY2022, alongside the LDS6708 single board computer, which emphasizes enhanced physical security and lower power requirements. Both products are aimed at delivering innovative technology solutions while safeguarding mission-critical data.

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Mercury Systems announced that its facilities in Cypress, CA and West Caldwell, NJ have been awarded the 2021 James S. Cogswell Outstanding Industrial Security Achievement Award by the U.S. Defense Counterintelligence and Security Agency (DCSA). This brings the total number of Cogswell awards received by the company to six. The award honors facilities demonstrating industrial security excellence, with less than 1% of the 13,000 cleared facilities nationwide receiving this recognition. The company aims to enhance trusted technologies for aerospace and defense sectors.

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Mercury Systems Inc. (NASDAQ: MRCY) has launched the RH3480, the highest-density commercial solid-state data recorder (SSDR) designed for radiation-intensive applications. This compact and rugged SSDR is tailored for low-earth orbit satellites, aircraft, and scientific missions, featuring horizontal error correction and industrial-grade flash memory to ensure long-term data integrity. Mercury has a strong track record, delivering over 20,000 space-qualified devices without failures. The RH3480 aims to meet the burgeoning need for efficient data storage and transmission in advanced satellite technologies.

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Mercury Systems, Inc. (NASDAQ: MRCY) announced the acquisition of Pentek Technologies and Pentek Systems for $65 million, expected to enhance its software-defined radio and data acquisition offerings. This acquisition aims to deepen Mercury's market presence in radar and electronic warfare fields and is forecasted to add approximately $20 million in revenue for the fiscal year ending July 1, 2022. The deal is expected to be immediately accretive to adjusted EPS, aligning with Mercury's strategy for low-risk content expansion and increased total addressable market.

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Mercury Systems Inc. (NASDAQ: MRCY) will present at the William Blair 41st Annual Growth Stock Conference on June 2, 2021, at 8:00 a.m. CDT. The event will be held in Andover, Massachusetts, where Mercury leads in secure mission-critical technologies for aerospace and defense.

The presentation will be available via a live webcast on Mercury's investor website, with a replay accessible for 90 days after the event. Mercury Systems focuses on delivering trusted open architecture solutions for challenging environments.

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Airbus Defence and Space has partnered with Mercury Systems (NASDAQ: MRCY) to enhance autonomous and flight control computer programs. This collaboration is formalized through a Framework Cooperation Agreement aimed at advancing research, demonstration, and certification of critical technologies. Both companies bring complementary capabilities, with Mercury specializing in mission computing and safety-critical avionics. This agreement signals a commitment to innovation and strengthens existing ties, as evidenced by previous successful projects like the A330 SMART MRTT Tanker.

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Mercury Systems Inc. (NASDAQ: MRCY) announced its participation in the Goldman Sachs 2021 Industrials & Materials Conference taking place from May 11-13, 2021. Management will present on May 11 at 8:50 a.m. ET. The presentation will be available via webcast, with a replay accessible for 90 days.

Mercury specializes in trusted, secure technologies for aerospace and defense, aiming to enhance safety and security worldwide. For further details, visit their website.

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Mercury Systems, Inc. (NASDAQ: MRCY) reported a strong financial performance for the third quarter of fiscal 2021, with revenues of $256.9 million, a 23% increase year-over-year. The backlog rose 16% to $894 million, reflecting a robust pipeline. GAAP net income was $15.6 million, down from $23.6 million in the prior year, with adjusted EPS improving to $0.64. The company forecasts Q4 revenues between $236.5 million and $246.5 million, and full-year revenues to be approximately $910 million to $920 million. The integration of Physical Optics Corporation is progressing well.

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Mercury Systems has launched the Rappid™ spectrum processing platform, designed to enhance development in electronic warfare and signal intelligence applications. This modular system simplifies integration, reduces costs, and allows rapid deployment of technologies critical for countering evolving threats. By decoupling hardware from software, Rappid enables swift upgrades across various systems, aligning with the DoD’s Electromagnetic Spectrum Superiority Strategy. Collaborative efforts with partners like Virginia Tech aim to further enhance capabilities in mission-critical operations.

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FAQ

What is the current stock price of Mercury Systems (MRCY)?

The current stock price of Mercury Systems (MRCY) is $39.7 as of December 20, 2024.

What is the market cap of Mercury Systems (MRCY)?

The market cap of Mercury Systems (MRCY) is approximately 2.3B.

What does Mercury Systems Inc. specialize in?

Mercury Systems Inc. specializes in secure sensor and safety-critical processing subsystems for the aerospace and defense industries.

Where is Mercury Systems Inc. headquartered?

Mercury Systems Inc. is headquartered in Andover, Massachusetts.

What are some recent achievements of Mercury Systems Inc.?

Recent achievements include the development of the ARES-SAR radar simulator, the DRF2580 SOM for RF spectrum processing, and partnerships with Raytheon and BlueHalo.

Who are some of Mercury Systems Inc.'s major partners?

Major partners include Raytheon, BlueHalo, and Lockheed Martin.

What is the Mercury Processing Platform?

The Mercury Processing Platform is a framework that allows customers to leverage innovative capabilities from silicon to system scale, facilitating quick data-to-decision processes.

What financial condition is Mercury Systems Inc. in?

As of March 2024, Mercury Systems has a backlog of $1.29 billion, indicating strong customer demand and a positive financial outlook.

How many locations does Mercury Systems Inc. have?

Mercury Systems has 24 locations worldwide.

What is the significance of Mercury Systems' partnership with BlueHalo?

The partnership with BlueHalo supports the U.S. Space Force’s SCAR program by providing signal processing technology for the BADGER system, enhancing mission operations.

What is the role of the ARES-SAR radar simulator?

ARES-SAR is a radar environment simulator that allows for comprehensive radar system testing and training, reducing costs and time associated with real-world testing.

How does Mercury Systems contribute to global security?

Mercury Systems provides advanced, secure processing solutions that enable critical defense and intelligence missions, thereby contributing to global security.

Mercury Systems Inc.

Nasdaq:MRCY

MRCY Rankings

MRCY Stock Data

2.31B
58.31M
3.25%
107.09%
7.26%
Aerospace & Defense
Electronic Components & Accessories
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United States of America
ANDOVER