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Mercury Sys Inc - MRCY STOCK NEWS

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.

News

Mercury Systems to Report Third Quarter Fiscal Year 2024 Financial Results on May 7, 2024

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Mercury Systems Inc. will report its third quarter fiscal year 2024 financial results on May 7, 2024. The company, known for delivering mission-critical processing power to the edge, will host a conference call and webcast to discuss its financial performance, business highlights, and outlook.
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Mercury Systems and Lockheed Martin to Advance Defense Manufacturing Capabilities in Switzerland

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Mercury Mission Systems International SA partners with Lockheed Martin to advance defense technologies manufacturing in Switzerland. The collaboration aims to bring cutting-edge defense technologies to Switzerland through the transfer of key security-relevant technologies. Mercury expects further expansion opportunities to enhance capabilities in the European market.
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Mercury Announces Early Access Program for New Direct RF Multi-Chip Module Powered by AMD Versal Adaptive SoCs

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Mercury Systems, Inc. announces the early access program for its RFS1140 direct RF System-in-Package, combining AMD Versal AI Core series adaptive SoC, Jariet Technologies data converters, and Micron LPDDR4 NOR flash memory for advanced applications at the edge. The program offers product documentation, support, and priority delivery for evaluation hardware. The SiP aims to bring AI-enabled decision-making to electronic warfare and spectrum processing applications.
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U.S. Navy Selects Mercury to Deliver Electronic Warfare Combat Training Subsystems

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Mercury Systems, Inc. secures a $243.8 million contract to deliver electronic attack training subsystems for the Naval Air Warfare Center, enhancing pilot training capabilities with advanced jamming technology. The contract spans five years and includes ongoing engineering services for threat library updates.
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MERCURY SHAREHOLDER ACTION REMINDER

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Faruqi & Faruqi, LLP is investigating potential claims against Mercury Systems, Inc. (NASDAQ: MRCY) for violating federal securities laws by making false and misleading statements. Investors who suffered losses exceeding $100,000 between December 7, 2020, and June 23, 2023, are encouraged to contact the firm. The complaint alleges that Mercury used acquisitions and improper revenue recognition practices to mask its inability to grow organically, misleading investors about the company's financial health.
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Mercury Announces Appointment of Douglas Munro as Vice President and Chief Accounting Officer

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Mercury Systems, Inc. appoints Douglas Munro as Vice President and Chief Accounting Officer, effective February 12, 2024. Mr. Munro will be responsible for the Company's accounting operations and financial reporting. He has an MBA from University of Massachusetts Lowell and a B.S. in Accounting from Merrimack College and holds his CPA license in Massachusetts.
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Mercury Systems Reports Second Quarter Fiscal 2024 Results

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Mercury Systems, Inc. reported Q2 FY24 Bookings of $325.4 million with a book-to-bill ratio of 1.65, Q2 FY24 Revenue of $197.5 million, and GAAP net loss and adjusted EBITDA ($45.6) million and ($21.3) million, respectively. The company focuses on delivering predictable performance, building a thriving growth engine, expanding margins, and driving improved free cash flow. Despite a decrease in revenue and net loss, Mercury's total backlog increased to $1.28 billion. The company forecasts revenues of $800.0 million to $850.0 million for fiscal year 2024, with expected bookings to exceed $1 billion.
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Mercury Awarded Subcontract for the U.S. Army’s Next-Generation LTAMDS Radar System

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Mercury Systems, Inc. signed a $96 million subcontract with Raytheon to deliver high-performance signal processing sub-systems for the U.S. Army’s LTAMDS. The contract will support the U.S. Army and Poland, the first international LTAMDS customer. Mercury's advanced processing solution for LTAMDS will provide strategic and tactical advantage on the battlefield. The company anticipates organic growth as LTAMDS production ramps up.
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Mercury Appoints Stuart Kupinsky as Chief Legal Officer

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Mercury Systems, Inc. announced the appointment of Stuart Kupinsky as Executive Vice President and Chief Legal Officer, effective Jan. 29, 2024. Kupinsky brings a wealth of experience in legal leadership roles and a track record of driving dynamic change for technology companies. He succeeds Christopher Cambria, who led 12 successful acquisitions that transformed the company and significantly expanded the capabilities of the Mercury Processing Platform.
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Mercury Introduces Direct RF System-On-Module Powered by Intel Agilex FPGA

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Mercury Systems, Inc. (NASDAQ: MRCY) introduces Direct RF system-on-module (SOM) using Intel Agilex FPGAs to detect and process adversary emissions from a wide portion of the electromagnetic spectrum. The new DRF2580 SOM brings new capability to the Mercury Processing Platform, enhancing security and accelerating decision-making in the field. It features SWaP optimized footprint, support for up to 4x 100 GigE interfaces, and a carrier design package for custom carrier board designs.
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FAQ

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

The current stock price of Mercury Sys (MRCY) is $44.403 as of February 28, 2025.

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

The market cap of Mercury Sys (MRCY) is approximately 2.6B.

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.
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Mercury Sys Inc

Nasdaq:MRCY

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MRCY Stock Data

2.59B
58.27M
1.95%
107.94%
7.31%
Aerospace & Defense
Electronic Components & Accessories
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United States
ANDOVER