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 (MRCY) reported strong fourth-quarter results for fiscal year 2020, with record bookings of $279 million (up 15% year-over-year) and revenues of $217.4 million (up 23%). The company achieved record net income of $27.2 million and adjusted EPS of $0.72, compared to $0.48 in Q4 FY 2019. Full-year revenue reached $796.6 million, a 22% increase, and net income was $85.7 million. Mercury also reported a substantial backlog increase of 33%, totaling $831.1 million.
Mercury Systems (NASDAQ: MRCY) announced $11.7 million in orders related to a $152 million five-year sole-source basic ordering agreement for Digital RF Memory (DRFM) jammers with the U.S. Navy. These orders were received in Q4 of fiscal 2020 and will be delivered in upcoming quarters. The DRFM jammers, optimized for size, weight, and power, enhance electronic warfare testing and training capabilities. Mercury's commitment to innovation aims to meet emerging threats in defense technology.
Mercury Systems will participate in the Jefferies Virtual Industrials Conference on August 5-6, 2020. The management team will present a business overview at 8:00 a.m. EDT on August 6. The presentation will be accessible via a live webcast on Mercury's investor website, with a replay available for 90 days. Mercury Systems specializes in secure technologies for aerospace and defense, supporting over 300 crucial programs globally. Headquartered in Andover, Massachusetts, the company is dedicated to delivering innovative solutions tailored for industry needs.
Mercury Systems, a leader in aerospace and defense technologies, will announce its fourth quarter and fiscal year 2020 financial results on August 4, 2020, post-market close. A conference call with management will follow at 5:00 p.m. ET, discussing quarterly performance and future outlook. Participants can join by phone or via a live audio webcast available on their website. Mercury Systems specializes in providing secure mission-critical technologies for over 300 defense programs globally, emphasizing innovation tailored to meet industry needs.
Mercury Systems (NASDAQ: MRCY) announced a $25 million follow-on order from a defense prime contractor for integrated radio frequency (RF) and digital subsystems, aimed at advanced naval electronic support applications. This order, booked in Q4 of fiscal 2020, is expected to be shipped over several quarters. The company's focus on enhancing RF conversion and digital signal processing technologies positions it uniquely within the defense industry. The commitment to innovation supports the growing demand for agile capabilities amidst emerging threats.
Mercury Systems, Inc. (NASDAQ: MRCY) has secured a $3.9 million contract from a major defense contractor for a high-density system-in-package solution for radar systems. The contract spans 18 months and leverages Mercury's innovative 2.5D chip-scale integration technology, enhancing defenses in artificial intelligence applications. The company emphasizes its expertise in trusted manufacturing and security integration, aiming to meet the Department of Defense’s microelectronics requirements. This move underscores Mercury’s commitment to bridging commercial technology and defense needs.
Mercury Systems (NASDAQ: MRCY) announced the volume production of its new 4GB high-density secure memory device, designed for aerospace and defense applications. The device features the largest capacity available in a compact form factor, consolidating memory blocks into a single unit that is 59% smaller than traditional options. This innovation supports advanced data processing needs for avionics, missile guidance, and radar systems, enhancing operational efficiency in demanding environments. The memory products are manufactured in trusted U.S. facilities, underscoring a commitment to secure supply chains.
Mercury Systems, Inc. (NASDAQ: MRCY) has launched the GSC6204 OpenVPX™ GPU co-processing engine, enhanced by NVIDIA® Turing™ architecture, catering to aerospace and defense applications. This high-performance computing solution enables real-time processing of high-resolution sensor data. The GSC6204 module, featuring dual NVIDIA Quadro® TU104 processors, offers data center-level parallel processing capabilities in ruggedized environments. Orders are now being accepted for delivery in Q3 2020. This innovation underscores Mercury's commitment to bridging commercial technology and defense needs.
Mercury Systems will participate in the William Blair and Company 40th Annual Growth Stock Virtual Conference on June 9-10, 2020. The company will provide an overview of its business on June 9 at 11:20 a.m. CST. Interested parties can access a webcast of the presentation from the investor section of Mercury's website, with a replay available for 90 days. Mercury Systems specializes in providing trusted, secure technologies for the aerospace and defense sectors, supporting over 300 critical programs.
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