Mercury Sys Inc Stock Price, News & Analysis

Mercury Systems, Inc. (NASDAQ: MRCY) has secured a $7.9 million order from a leading defense contractor for high-performance embedded processing systems aimed at ground-based radar applications. This order was received in the third quarter of fiscal 2022 and will be shipped over the next few quarters. The company emphasizes that its advanced signal processing systems play a crucial role in military operations, providing high-resolution data in challenging environments to protect forces from air and missile threats.

Mercury Systems (NASDAQ: MRCY) announced its participation in the 42nd Annual William Blair Growth Stock Conference, set for June 7, 2022, in Chicago. Management will present a comprehensive overview of the company at 11:20 a.m. CT. The presentation will be webcast live, accessible via the investor section of Mercury’s website, with a replay available for 30 days following the event. Mercury is known for its secure mission-critical technologies for the aerospace and defense sectors, driven by a commitment to Innovation That Matters.

Mercury Systems (MRCY) has launched the Avionics Modular Mission Platform (AMMP), a 3U OpenVPX™ mission computer that is SOSA aligned and DAL-certifiable. AMMP features Intel® Core™ i7 processors and boasts 40x the performance of existing avionics systems while consuming 50% less power. Designed for various platforms, including aircraft and UAVs, AMMP aims to enhance decision-making for pilots through advanced AI capabilities. This system aligns with the Department of Defense's modular open systems approach, potentially increasing operational efficiency and reducing long-term costs.

Mercury Systems Inc. (NASDAQ: MRCY) and Lockheed Martin (NYSE: LMT) have announced a collaboration to develop sensor processing technologies at Mercury's facility in Geneva, Switzerland. This contract, valued at $40 million, is part of Switzerland's procurement of 36 F-35A Lightning II aircraft under the Air 2030 program. The partnership aims to enhance airborne defense systems and support local industry, ultimately benefiting Switzerland's economy and contributing to secure military technology development.

Mercury Systems reported strong third-quarter results for fiscal 2022, with record bookings of $295 million, a 41% year-over-year increase and a book-to-bill ratio of 1.17. The backlog rose to $996 million, positioning the company for future organic growth. However, revenues slightly declined to $253.1 million from $256.9 million year-over-year, with net income dropping to $4.1 million or $0.07 per share. Adjusted EPS was $0.57. The company has increased its revolving credit facility to $1.1 billion to support growth strategies.

Mercury Systems (NASDAQ: MRCY) announced a $16.8 million contract from a leading defense contractor to provide BuiltSECURE™ servers for ground-based applications, with a potential lifetime value of $25 million. The contract, secured in fiscal Q3 2022, is expected to deliver over several quarters. These rugged servers, designed for harsh environments, offer high performance while ensuring data security and integrity. This partnership enhances Mercury's role as a trusted technology provider in the aerospace and defense sectors.

Mercury Systems (NASDAQ: MRCY) recently held a ribbon-cutting ceremony for its expanded microelectronics packaging center in Phoenix, Arizona. This state-of-the-art facility aims to strengthen the company's U.S. manufacturing capabilities for trusted, secure microelectronics. The expansion is part of Mercury's role in the Department of Defense's SHIP program, highlighting its commitment to domestic production. Attendees included Congressman Ruben Gallego and Arizona Chamber of Commerce CEO Danny Seiden, showcasing support for local economic development and national security interests.

Mercury Systems (NASDAQ: MRCY) announced its selection to provide advanced packaging for the Department of Defense's SHIP program, aimed at enhancing U.S. microelectronics capabilities. The contract, awarded by NSWC Crane, facilitates collaboration with industry leaders to develop secure and cost-effective technology. The company highlighted its ongoing investment in microelectronics and will open a new packaging facility in Phoenix on April 20, 2022. This initiative aligns with the DoD's commitment to accelerate innovation while engaging trusted partners.

Mercury Systems (NASDAQ: MRCY) announced that CTO William Conley and GM Ken Hermanny will serve on the newly established SOSA Consortium Advisory Board, with Conley as chair. This board aims to promote the adoption of the Sensor Open System Architecture™ (SOSA) standards, which align with the Department of Defense's goals to enhance defense system development and integration of advanced technologies. The initiative seeks to improve modular design solutions for military applications, benefiting from the expertise of advisors from various sectors.