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Mercury Systems Inc. - MRCY STOCK NEWS

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.

News

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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Mercury Simplifies Its Organizational Structure to Align with Strategy, Appoints Chief Operating Officer

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Mercury Systems, Inc. announced a simplified organizational structure aligned with its strategy to drive growth and value for stakeholders. The company will consolidate into a single, unified structure to optimize business operations. Roger Wells has been named Chief Operating Officer, and the company will further streamline its leadership team. The simplification aims to clarify accountability, eliminate redundancy, and leverage the Mercury Processing Platform for growth.
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Mercury Systems to Report Second Quarter Fiscal Year 2024 Financial Results on February 6, 2024

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Mercury Systems Inc. (NASDAQ: MRCY) will release its second quarter fiscal year 2024 financial results on February 6, 2024. The company will host a conference call to discuss its quarterly financial results, business highlights, and outlook. Participants can register online to attend the webcast and ask questions concerning business and financial developments.
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Lifshitz Law PLLC Announces Investigations of Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX), ON Semiconductor Corporation (NASDAQ: ON), Mercury Systems, Inc. (NASDAQ: MRCY)

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Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) is under investigation by Lifshitz Law PLLC for possible securities laws violations and/or breaches of fiduciary duties. Allegations include slower-than-anticipated pull-through from a wholesale customer, overstated revenue, ineffective internal controls, and misleading positive statements.
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Mercury Introduces First Commercial Air-to-Ground SAR Radar Flight Testing Simulator

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Mercury Systems, Inc. (NASDAQ: MRCY) introduces ARES-SAR, the first commercially available flight testing simulator for air-to-ground synthetic aperture radar (SAR) systems, aiming to save time and costs for government and commercial organizations. The product builds on more than 25 years of test and train technology from the Mercury Processing Platform, enabling realistic SAR scenario simulation on the ground, reducing the need for actual flight testing. ARES-SAR can be used alongside ARES3100, Mercury's advanced radar environment simulator, and was funded by the U.S. Army's Program Executive Office Simulation, Training and Instrumentation.
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Mercury Announces Mission Systems Leadership Transition

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Mercury Systems, Inc. (NASDAQ: MRCY) announced the departure of Dr. Mitch Stevison, Executive Vice President and President of Mercury’s Mission Systems division. Dr. Stevison will pursue a new opportunity outside of the company. Mercury Chairman and CEO Bill Ballhaus will lead the Mission Systems team until a permanent leader is identified. The company emphasized its commitment to seamless transition and highlighted Dr. Stevison's contributions. Dr. Stevison expressed confidence in Mercury's trajectory under the leadership of Bill and his team.
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Mercury Systems Reports First Quarter Fiscal 2024 Results

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Mercury Systems, Inc. (NASDAQ: MRCY) reports Q1 fiscal 2024 results, with revenues at $181.0 million and a book-to-bill ratio of 1.06. Backlog at $1.15 billion, and full-year 2024 revenue forecast at $950.0 million to $1.00 billion.
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FAQ

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

The current stock price of Mercury Systems (MRCY) is $39.7 as of December 20, 2024.

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

The market cap of Mercury Systems (MRCY) is approximately 2.3B.

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 Systems Inc.

Nasdaq:MRCY

MRCY Rankings

#1868 Ranked by Market Cap
N/A Ranked by Dividends

MRCY Stock Data

2.31B
58.31M
3.25%
107.09%
7.26%
Aerospace & Defense
Electronic Components & Accessories
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United States of America
ANDOVER