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Mercury Systems Inc - MRCY STOCK NEWS

Welcome to our dedicated news page for Mercury Systems (Ticker: MRCY), a resource for investors and traders seeking the latest updates and insights on Mercury Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mercury Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Mercury Systems's position in the market.

News
BlueHalo Awards Mercury Production Agreement to Provide Digital Signal Processing Hardware for U.S. Space Force Satellite Control System
Rhea-AI Summary
Mercury Systems, Inc. announces a production agreement with BlueHalo to provide signal processing technology for the U.S. Space Force's SCAR program. The agreement involves delivering FPGA-based solutions for BlueHalo's BADGER system, supporting the nation's strategic advantage in space. Mercury's hardware, based on Quartz RFSoC and Navigator® Design Suite, will be delivered throughout 2024. BlueHalo's successful demonstration of target tracking and signal processing using MSDA tiles on the BADGER product led to this agreement.
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Mercury Systems to Report Third Quarter Fiscal Year 2024 Financial Results on May 7, 2024
Rhea-AI Summary
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
Rhea-AI Summary
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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3.17%
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Mercury Announces Early Access Program for New Direct RF Multi-Chip Module Powered by AMD Versal Adaptive SoCs
Rhea-AI Summary
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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-1.67%
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U.S. Navy Selects Mercury to Deliver Electronic Warfare Combat Training Subsystems
Rhea-AI Summary
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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-0.47%
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MERCURY SHAREHOLDER ACTION REMINDER
Rhea-AI Summary
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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11.7%
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Mercury Announces Appointment of Douglas Munro as Vice President and Chief Accounting Officer
Rhea-AI Summary
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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11.7%
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Mercury Systems Reports Second Quarter Fiscal 2024 Results
Rhea-AI Summary
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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-11.4%
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Mercury Awarded Subcontract for the U.S. Army’s Next-Generation LTAMDS Radar System
Rhea-AI Summary
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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-0.49%
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Mercury Appoints Stuart Kupinsky as Chief Legal Officer
Rhea-AI Summary
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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-1.07%
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Stock MRCY logo
Mercury Systems Inc

Nasdaq:MRCY

MRCY Rankings

#1990 Ranked by Market Cap
#3656 Ranked by Stock Gains
N/A Ranked by Dividends

MRCY Stock Data

1.71B
50.13M
3.24%
107.21%
6.31%
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Manufacturing
Link
US
Andover

About MRCY

mercury systems (nasdaq:mrcy) is pioneering a next generation defense electronics business model. our goal is to be the leading commercial provider of secure sensor and safety-critical processing subsystems. optimized for customer and mission success, our solutions power a wide variety of critical defense and intelligence programs. to learn more, visit www.mrcy.com.