Mercury Systems Inc. - MRCY STOCK NEWS

Mercury Systems has been awarded a contract by Leonardo UK to supply radar test and simulation systems for their E-scan radar technology. This contract builds on a previous partnership from 2019 focused on developing processing technology for the radar. Mercury’s solutions aim to enhance radar testing efficiency, offering faster, more accurate results, thereby improving operational safety and reducing costs for customers. The collaboration with Intel will boost processing capabilities, reinforcing Mercury's position as a key provider in advanced airborne radar systems.

Mercury Systems has introduced the mPOD, an advanced electronic attack training system for pilots, currently in final flight testing. This system enhances training by simulating realistic jamming threats, essential for preparing pilots for real combat scenarios. The mPOD's flexibility allows for quick reprogramming of tactics, which can lead to improved pilot and aircraft survivability while saving millions in training costs. Mercury is now accepting early orders for this innovative solution.

Mercury Systems announced a significant contract worth $56 million from a leading defense contractor to support rapid data processing for a defense radar application. This award, received in the fiscal 2022 fourth quarter, is expected to be delivered over the coming quarters. Mercury's rugged servers enhance the performance of advanced radar systems by efficiently processing large amounts of sensor data, ensuring timely situational awareness in defense operations. The company focuses on providing secure, innovative technology solutions tailored to critical military needs.

Mercury Systems Inc. (MRCY) will release its fourth quarter and fiscal year 2022 financial results on August 2, 2022, after market close. Following this, a conference call at 5:00 p.m. ET will discuss quarterly results, business highlights, and future outlook. Participants can register online for the call, and a replay will be available post-event. The company focuses on secure technologies for the aerospace and defense sector, striving to enhance safety and security globally.

Mercury Systems announced the certification of its Jannson Data-At-Rest (JDAR) encryptor by the NSA to safeguard classified data. Weighing less than a pound, this miniature device integrates into avionics systems, providing robust anti-tamper protection and high throughput. Developed in partnership with the Department of Defense, it addresses the urgent need for data protection in defense applications. This innovation promises to enhance mission-critical operations by ensuring sensitive data remains secure against potential threats.

Mercury Systems received a $10 million award aimed at providing a pilot controller interface for an airborne radio modernization program from a leading prime contractor. The contract, reported in fiscal Q4 2022, underscores the company's role in enhancing safety and efficiency in mission-critical communications. The modular design of the communication solution is expected to facilitate better decision-making for aircrews by improving interface simplicity and reliability. Delivery of the project will occur over the next several years, contributing to Mercury's ongoing support in aerospace and defense technologies.

Mercury Systems announces the appointment of two new independent directors, Howard Lance and Bill Ballhaus, to its Board of Directors. This move follows cooperation agreements with Jana Partners and Starboard Value. Both directors bring extensive experience in the aerospace and defense sectors, enhancing the Board's expertise. The Board will expand temporarily to 11 members, reflecting ongoing efforts for broader insight and governance. CEO statements highlight confidence in Mercury’s strategic positioning within the defense industry and its commitment to delivering value for stakeholders.

Mercury Systems has been selected by Ball Aerospace to enhance data recording and storage for the MethaneSAT satellite, aimed at monitoring methane emissions. This partnership will leverage Mercury's high-density solid-state data recorder designed to perform in challenging space conditions. The MethaneSAT initiative, backed by the Environmental Defense Fund, is critical for tracking and reducing methane emissions to combat climate change. Mercury’s technology will ensure high performance and data integrity, contributing significantly to environmental sustainability efforts.

Mercury Systems has launched new low-power, ultra-compact tuner modules, the AM9018 and AM9030, designed for mission-critical applications in signals intelligence (SIGINT), direction finding (DF), and test and measurement. These modules enhance broadband RF processing in constrained environments such as UAVs and portable SIGINT systems. They feature a size comparable to a stack of credit cards and provide a 1 GHz instantaneous bandwidth for rapid signal interception. This development stems from the custom MMIC capabilities acquired with Atlanta Micro.