Mercury Sys Inc Stock Price, News & Analysis

On September 7, 2021, Mercury Systems announced the appointment of Thomas Huber as the new Executive Vice President and Chief Transformation Officer. Huber will oversee the 1MPACT strategic initiative aimed at enhancing growth and operational efficiency over the next five years. With over 20 years of experience in large-scale transformations for Fortune 500 companies, Huber's focus will include improving organizational efficiency, procurement optimization, and R&D investment efficiency. His expertise is expected to drive significant value creation for Mercury.

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.