Welcome to our dedicated page for Mercury Sys news (Ticker: MRCY), a resource for investors and traders seeking the latest updates and insights on Mercury Sys 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, 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.
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.
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.
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.
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.
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.
Mercury Systems (NASDAQ: MRCY) announced the launch of the JTS0100 Jammer Training System, designed for training radar and communications operators in challenging environments. This system is portable, sets up in under an hour, and simulates contemporary electronic warfare threats. It features advanced digital RF memory technology and a library of jamming threats validated by the U.S. government. The JTS0100 system aims to enhance operators' readiness against evolving threats, building on Mercury's established training solutions.
Mercury Systems (NASDAQ: MRCY) will release its third-quarter fiscal year 2021 financial results on May 4, 2021, after market close. Management will host a conference call at 5:00 p.m. ET the same day to discuss the results and provide insights on business highlights and outlook. The event will be accessible via webcast, with a replay available for six months. Key topics may include earnings forecasts and financial developments, reflecting the company's commitment to transparency with its stakeholders.
Mercury Systems Inc. (NASDAQ: MRCY) announced its latest rugged rackmount server lineup, RES XR7, featuring 3rd Gen Intel Xeon Scalable processors. Designed for AI, sensor fusion, and communications applications, these servers promise data center-level performance by optimizing latency and bandwidth. The servers meet stringent military and industrial standards, demonstrating resilience against harsh conditions. They offer significant deployment cost savings and improved efficiency, supported by advanced technologies like PCIe Gen4 and built-in AI acceleration.
Mercury Systems (NASDAQ: MRCY) has been selected by NASA's Jet Propulsion Laboratory to provide solid-state data recorders (SSDRs) for the Earth Surface Mineral Dust Source Investigation (EMIT). The SSDRs will be part of the Earth Imaging Spectrometer, scheduled for launch in 2022 to enhance understanding of dust's impact on Earth's climate. Mercury has a strong track record with over 20,000 space-qualified devices delivered and no in-flight failures, emphasizing its expertise in developing reliable technology for challenging environments.
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