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 has introduced a new line of open architecture electromagnetic spectrum (EMS) processing subsystems aimed at enhancing electronic warfare and signal intelligence solutions. The MPS1101 and MPS1202 subsystems feature customizable RF transmit/receive capabilities, digitization, and middleware that streamline upgrades and reduce integration time. These advancements enable faster deployment and lower costs. The systems are designed to mitigate risks, accelerate development cycles, and provide secure, high-performance applications for customers in aerospace and defense sectors.
Mercury Systems has announced the acquisition of Physical Optics Corporation (POC) for $310 million in cash. POC specializes in avionics and mission subsystems for defense applications and is expected to generate over $120 million in revenue for fiscal 2020. The acquisition is anticipated to be immediately accretive to adjusted EPS and enhances Mercury's capabilities in military digital convergence and data transfer solutions. Closing is expected by Q2 of fiscal 2021, pending regulatory approval.
Mercury Systems has launched the MissionPak SLC ultra-portable secure solid-state drive (SSD), designed for mission-critical applications within the aerospace and defense sectors. This compact and water-resistant SSD offers AES-256 XTS encryption and features the fastest data erasure time in the industry, capable of clearing sensitive data in under 10 seconds. Available in 128 GB and 256 GB, the MissionPak SSD is engineered for high reliability and security in harsh environments, aligning with Mercury's commitment to delivering trusted technologies for mission success.
Mercury Systems (MRCY) reported a strong first quarter for fiscal 2021, with revenue of $205.6 million, reflecting a 16% increase year-over-year, including 12% organic growth. Key metrics, such as net income of $15.8 million ($0.29 per share) and adjusted EBITDA of $42.8 million, surpassed guidance. The backlog reached $826 million, up 16% from the previous year. For the second quarter, revenues are projected between $200 million and $210 million, with adjusted EPS expected to be around $0.48 to $0.51. Overall, the outlook for fiscal 2021 appears positive, with revenues forecasted between $865 million and $885 million.
Mercury Systems has been recognized with the “Medium Manufacturer of the Year” award by the Arizona Manufacturers Council during the 2020 Arizona Manufacturing Summit. This accolade highlights the Phoenix manufacturing facility's commitment to innovation, excellence, and sustainability, especially during the COVID-19 pandemic. The company has invested in custom microelectronics capabilities to comply with Department of Defense mandates, showcasing its leadership in the aerospace and defense sector. CEO Mark Aslett was ranked #1 CEO by Glassdoor, further emphasizing Mercury's strong leadership.
Mercury Systems, a leader in secure mission-critical technologies for aerospace and defense, will participate in the Baird 2020 Virtual Global Industrial Conference from Nov. 10-12, 2020. Management will present an overview of the company’s business on Nov. 10 at 8:30 a.m. ET. The presentation will be accessible via a live webcast on Mercury’s investor website, with a replay available for 90 days. Mercury specializes in engineering solutions for over 300 critical aerospace and defense programs, committed to innovation and customer success.
Mercury Systems, Inc. (NASDAQ: MRCY) will announce its first quarter fiscal year 2021 financial results on November 3, 2020, after market close. Management will host a conference call at 5:00 p.m. ET that same day to discuss the financial results, business highlights, and future outlook. Participants can join the call by dialing (877) 303-6977 in the USA or (760) 298-5079 internationally. The audio webcast will be available on the company's investor relations page, with a replay accessible for six months post-call.
Mercury Systems (MRCY) announced that its Chief Technology Officer, Dr. William Conley, has been appointed to the Board of Advisors for the Hudson Institute’s Center for Defense Concepts and Technology. This center focuses on military strategy and the impact of emerging technologies on defense. Dr. Conley's expertise in electronic warfare will help advance the Center's objectives. The Hudson Institute aims to understand military competition and improve U.S. and allied military capabilities through research and strategic guidance.
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