Mercury Showcases Expanding Portfolio of Electronic Warfare Capabilities at AOC 2025

Rhea-AI Summary

Mercury Systems (NASDAQ: MRCY) will showcase an expanding portfolio of electronic warfare (EW) capabilities at AOC 2025, Dec. 9-11, at booth #616. Company leaders will present on spectrum operations and EW strategy, including participation by Dr. Bill Conley and sessions led by Ken Hermanny on Dec. 9.

Mercury will unveil the DRF4581L direct RF digital signal processing module (≈1" height, <3" width) using the Intel Agilex 9 SoC FPGA AGRW014 with 64 Gigasamples/sec across four channels. A live RF demo will feature the production DRF4580L module. Mercury notes its products are deployed in 300+ programs across 35 countries and the company has more than 20 locations.

Key Figures

Module height 1 inch DRF4581L very small form factor module height

Module width < 3 inches DRF4581L very small form factor module width

Sampling rate 64 Gigasamples per second Intel Agilex 9 SoC FPGA AGRW014 conversion rate

Signal channels 4 channels Simultaneous analog–digital conversion channels

Booth number Booth #616 AOC 2025 exhibit location

AOC 2025 dates Dec. 9–11 Conference schedule

Programs deployed 300+ programs Mercury products deployment count

Countries served 35 countries Global deployment footprint

Market Reality Check

$74.49 Last Close

Volume Volume 503,927 is below the 20-day average of 589,883 (relative volume 0.85x). normal

Technical Shares at $70.58 are trading above the 200-day MA of $58.55 and about 17% below the 52-week high of $85.33.

Peers on Argus

MRCY slipped 0.59% while peers were mixed: SPR +0.92%, AIR +1.39%, but HXL -1.16%, ACHR -2.27%, VSEC -1.41%. Moves do not show a unified sector trend.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 04	Q1 FY26 earnings	Positive	+3.3%	Reported revenue growth, record backlog, and authorized share repurchase with new revolver.
Oct 22	Defense contract win	Positive	-4.2%	Announced multi-year development contract for multi-mission subsystem with defense prime.
Oct 14	Earnings call notice	Neutral	+0.5%	Scheduled Q1 FY26 results release and investor call with webcast details.
Oct 13	AI solution demo	Positive	+4.2%	Showcased AI-powered integrated threat detection solution at AUSA 2025.
Oct 06	Cybersecurity partnership	Positive	+0.6%	Announced integration of Nightwing cyber resiliency tech into Mercury hardware.

Pattern Detected

Recent positive operational and technology updates often aligned with favorable price moves, while at least one contract award saw a negative reaction, showing occasional divergence between news tone and trading.

Recent Company History

Over the last few months, Mercury reported Q1 FY26 results with revenue of $225.2M, bookings of $250.2M, and a record $1.4B backlog, alongside a Board-authorized $200M repurchase and amended $850M revolver. The stock generally reacted positively to technology showcases and AI-focused demonstrations, and also to earnings. A multi-year U.S. defense subsystem contract, however, coincided with a share decline. Today’s AOC 2025 electronic warfare portfolio showcase and Direct RF product unveiling fits into this pattern of ongoing technology- and capability-driven news flow.

Market Pulse Summary

This announcement showcases Mercury’s expanding electronic warfare portfolio at AOC 2025, including new Direct RF digital signal processing modules sampling at 64 Gigasamples per second across 4 channels in a compact form factor. It follows recent earnings with a record $1.4B backlog and prior AI-focused demonstrations. Investors may monitor how these capabilities translate into future bookings, backlog growth, and program wins across the company’s more than 300 programs in 35 countries.

Key Terms

electronic warfare technical

"showcasing the company’s expanding portfolio of electronic warfare (EW) capabilities"

Electronic warfare involves using technology to disrupt, deceive, or disable an opponent’s electronic systems, such as communication networks, radar, or navigation signals. It is like jamming or scrambling a radio or GPS to prevent others from receiving clear information. For investors, it matters because advances in electronic warfare can impact military capabilities, influence global security, and affect the stability of markets and technological investments.

electromagnetic spectrum operations technical

"event for electronic warfare, electromagnetic spectrum operations, cyber-electromagnetic activities"

Electromagnetic spectrum operations are the coordinated use of radio, microwave, infrared and related signals to sense, communicate, or interfere with electronic systems — think of managing invisible lanes of traffic used by radios, radars and wireless networks. Investors care because companies offering these capabilities often compete for defense and communications contracts, and success or failure can affect revenue, regulatory risk, and the firm’s position in fast-growing markets for secure connectivity and electronic protection.

digital signal processing technical

"portfolio of Direct RF digital signal processing products"

Digital signal processing is the use of computer algorithms to clean up, compress, analyze and transform raw electronic signals from sensors, microphones, cameras or other devices into useful information. For investors, it matters because these algorithms determine product performance, reliability, power use and cost—factors that affect a company’s competitiveness, customer satisfaction and regulatory compliance much like a quality engine shapes a car’s value and appeal.

radio frequency technical

"These components and modules directly digitize radio frequency signals"

Radio frequency is the band of electromagnetic waves used to send wireless signals, like the invisible ripples that carry radio, mobile phone, Wi‑Fi and some medical-device signals through the air. Investors care because control, licensing, or interference of these frequencies affects how well wireless products and services work, the cost and availability of spectrum rights, and regulatory approvals — all of which can materially influence revenue, competition and risk for companies.

fpga technical

"powered by the Intel Agilex 9 SoC FPGA AGRW014 that converts"

A field-programmable gate array (FPGA) is a type of computer chip whose internal wiring can be changed after it is made, allowing engineers to program custom hardware functions without designing a new chip. For investors, FPGAs matter because that flexibility lets companies quickly adapt products to new software, standards, or customer needs—like a toolbox that can be rearranged to build different machines—so demand and pricing can shift with trends in data centers, telecommunications, AI, and specialized electronics.

system-in-package technical

"including: ARES radar environment simulatorsmPOD jammer training podsSystem-in-package and multi-chip modules"

A system-in-package (SiP) is a single physical package that contains multiple electronic components — such as processors, memory, sensors and power management — designed to work together as one unit. For investors, SiPs matter because they can shrink product size, speed time-to-market and lower assembly costs while concentrating supplier and manufacturing risks; think of it like buying a compact, ready-made toolkit instead of sourcing and assembling each tool separately.

multi-chip modules technical

"System-in-package and multi-chip modulesMini tuner modules"

A multi-chip module is a single electronic package that contains several separate semiconductor chips working together as one unit, like putting multiple houses on a single plot of land connected by shared roads and utilities. For investors, MCMs matter because they can boost product performance, shrink device size, and lower system costs or time-to-market, while also changing manufacturing complexity and supplier risk — factors that influence margins and competitiveness.

AI-generated analysis. Not financial advice.

ANDOVER, Mass., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a global technology company that delivers mission-critical processing to the edge, will participate in this week’s Association of Old Crows (AOC) International Symposium and Convention, showcasing the company’s expanding portfolio of electronic warfare (EW) capabilities and sharing key insights during conference sessions.

AOC 2025 is the premier event for electronic warfare, electromagnetic spectrum operations, cyber-electromagnetic activities, and information operations professionals from around the world. During the symposium, Mercury leaders will explore this year’s theme, Charting a Path to 2035: Navigating the Future of Electromagnetic Spectrum Operations.

• Dr. Bill Conley, Mercury’s Chief Technology Officer, will participate in the Strategic Vision for EW in 2035 spotlight session, discussing how emerging technologies, agile acquisition, and policy frameworks that enable speed and interoperability can build a resilient EW force and ensure spectrum superiority in multi-domain operations.
  Tuesday, Dec. 9, 1:00-2:30 p.m., Main Stage

• Ken Hermanny, Mercury’s Senior Vice President of Signal Technologies, will lead the Defense/Threat & Industry View breakout session, examining how defense organizations, allies, and industry are countering adversaries’ use of AI, machine learning, and autonomous systems with modular, scalable, and cost-effective EW solutions.
  Tuesday, Dec. 9, 3:00-4:30 p.m., Maryland Ballroom C

At AOC 2025, Mercury will also unveil the latest addition to its portfolio of Direct RF digital signal processing products. These components and modules directly digitize radio frequency signals at the antenna signal frequency, eliminating the analog signal down conversion stages required by legacy hardware. The results are reductions in size, weight, power, cost, and latency that can benefit a variety of radar, communications, electronic warfare, SIGINT, and industrial applications.

Mercury’s new DRF4581L very small form factor module delivers breakthrough performance in a compact footprint—just 1 inch in height and less than 3 inches wide—to capture, process, and transmit wideband RF signals at the edge. The DRF4581L is powered by the Intel Agilex 9 SoC FPGA AGRW014 that converts between analog and digital signals at 64 Gigasamples per second simultaneously across four channels.

Mercury’s AOC 2025 exhibit will feature an RF signal transmission demonstration using the DRF4580L small form factor module, which is now in production for numerous customer programs. Also on display will be a range of Mercury products that ensure spectrum superiority in multi-domain operations, including:

• ARES radar environment simulators
• mPOD jammer training pods
• System-in-package and multi-chip modules
• Mini tuner modules
  

To experience how Mercury is advancing mission success today and shaping the future of electronic warfare, schedule a meeting or visit booth #616 at AOC 2025, Dec. 9-11.

Mercury Systems – Innovation that matters^® 
Mercury Systems is a global technology company that delivers mission-critical processing to the edge, making advanced technologies profoundly more accessible for today’s most challenging aerospace and defense missions. The Mercury Processing Platform allows customers to tap into innovative capabilities from silicon to system scale, turning data into decisions on timelines that matter. Mercury’s products and solutions are deployed in more than 300 programs and across 35 countries, enabling a broad range of applications in mission computing, sensor processing, command and control, and communications. Mercury is headquartered in Andover, Massachusetts, and has more than 20 locations worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY)

Forward-Looking Safe Harbor Statement 
This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the Company's focus on enhanced execution of the Company's strategic plan. You can identify these statements by the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of any U.S. federal government shutdown or extended continuing resolution, effects of geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in or cost increases related to completing development, engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. government’s interpretation of, federal export control or procurement rules and regulations, including tariffs, changes in, or in the interpretation or enforcement of, environmental rules and regulations, market acceptance of the Company's products, shortages in or delays in receiving components, supply chain delays or volatility for critical components, production delays or unanticipated expenses including due to quality issues or manufacturing execution issues, adherence to required manufacturing standards, capacity underutilization, increases in scrap or inventory write-offs, failure to achieve or maintain manufacturing quality certifications, such as AS9100, failure to achieve or maintain qualified business systems, such as those required by the DFARS, the impact of supply chain disruption, inflation and labor shortages, among other things, on program execution and the resulting effect on customer satisfaction, inability to fully realize the expected benefits from acquisitions, restructurings, and operational efficiency initiatives or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, effects of shareholder activism, increases in interest rates, changes to industrial security and cyber-security regulations and requirements and impacts from any cyber or insider threat events, changes in tax rates or tax regulations, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, litigation, including the dispute arising with the former CEO over his resignation, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 27, 2025 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

INVESTOR CONTACT
Tyler Hojo, CFA
Vice President, Investor Relations
Tyler.Hojo@mrcy.com

MEDIA CONTACT
Turner Brinton
Senior Director, Corporate Communications
Turner.Brinton@mrcy.com

FAQ

What is Mercury Systems announcing at AOC 2025 (MRCY)?

Mercury is showcasing expanded electronic warfare capabilities, unveiling the DRF4581L direct RF module and demonstrating the production DRF4580L.

When and where can investors see Mercury Systems at AOC 2025 (MRCY)?

Mercury will exhibit at booth #616 during AOC 2025, Dec. 9–11.

What are the key technical specs of the DRF4581L module from Mercury (MRCY)?

The DRF4581L is a very small form factor module (~1" tall, <3" wide) powered by an Intel Agilex 9 SoC FPGA AGRW014 converting at 64 Gigasamples/sec across four channels.

Which Mercury executives will speak at AOC 2025 and when (MRCY)?

Dr. Bill Conley will participate in the Strategic Vision for EW in 2035 session; Ken Hermanny will lead Defense/Threat & Industry View breakout sessions on Dec. 9.

Will Mercury demonstrate production hardware at AOC 2025 (MRCY)?

Yes. The exhibit will include an RF transmission demonstration using the DRF4580L, which the company says is in production for multiple customer programs.

How broadly are Mercury's products deployed (MRCY)?

Mercury reports deployments in 300+ programs across 35 countries and operations from over 20 locations.