Welcome to our dedicated page for Mercury Sys news (Ticker: MRCY), a resource for investors and traders seeking the latest updates and insights on Mercury Sys stock.
Mercury Systems Inc (NASDAQ: MRCY) delivers mission-critical processing solutions for aerospace and defense applications. This dedicated news hub provides investors and industry professionals with comprehensive coverage of corporate developments, technological breakthroughs, and strategic initiatives.
Access real-time updates including earnings reports, product launches, and partnership announcements. Our curated collection features official press releases alongside third-party analysis of Mercury's innovations in secure sensor processing, RF digitization, and defense electronics.
Key updates cover system deployments, R&D advancements, and executive leadership changes. Bookmark this page to monitor Mercury Systems' progress in developing secure open architecture solutions for next-generation defense platforms and aerospace technologies.
Mercury Systems has launched the Model 8257A Development Platform, designed to enhance the rapid prototyping of SOSA-aligned RFSoC-based Quartz modules. This platform features a single-slot 3U VPX backplane and an integrated power supply, streamlining sensor processing application development.
Engineers can leverage this platform to simplify system requirements and develop software for SOSA aligned systems. It accommodates conduction cooled boards and integrates with tools like Xilinx’s Vivado and Mercury’s Navigator Design Suite, aiming to reduce development time and costs in aerospace and defense sectors.
Mercury Systems, Inc. (NASDAQ: MRCY) announced the election of Debora A. Plunkett, a former NSA information assurance director, to its Board of Directors, enhancing its cybersecurity expertise as the company focuses on digital transformation. Concurrently, Vincent Vitto retired as Chairman, with William K. O'Brien appointed as his successor. This leadership transition marks a significant moment for Mercury, with eight of nine board members being independent directors, reflecting a commitment to governance and innovation in the aerospace and defense technology sector.
Mercury Systems Inc. (NASDAQ: MRCY) is set to announce its first quarter fiscal year 2022 financial results on November 2, 2021, after market close. A conference call and webcast will follow at 5:00 p.m. ET to discuss the results, business highlights, and outlook. Participants can register for the call online, and a replay will be available shortly after the event. Mercury Systems, based in Andover, Massachusetts, specializes in secure technology solutions for the aerospace and defense sectors, focusing on mission-critical applications.
Mercury Systems (MRCY) has appointed Mitch Stevison as the new executive vice president and chief growth officer, effective October 4, 2021. Dr. Stevison, a 20-year U.S. Army veteran with extensive aerospace and defense experience, will report to CEO Mark Aslett and will be responsible for driving the company's growth strategy. His past roles include vice president of Strategy at Raytheon Missiles & Defense, where he developed business strategies and evaluated investment opportunities.
Mercury Systems has announced its acquisition of Avalex Technologies, a provider of mission-critical avionics, for an undisclosed cash amount.
This strategic move aims to enhance Mercury's capabilities in military digital convergence and expand its avionics offerings, including innovative products like integrated smart displays and communications management systems.
Avalex is projected to generate approximately $40 million in revenue with 25% adjusted EBITDA margins in 2022, while the acquisition is expected to be immediately accretive to adjusted EPS.
Mercury Systems recently showcased its Model 8256 Sensor Open Systems Architecture™ (SOSA)-aligned Development Platform at the U.S. Army - FACE™ and SOSA Technical Interchange Meeting, demonstrating interoperability with products from multiple vendors. The platform enhances signal acquisition and system management capabilities.
According to Paul Mesibov, VP Engineering, this initiative emphasizes affordable solutions for the government, ensuring no vendor lock. The development platform consists of several high-performance components aimed at minimizing risks in adopting new technologies.
On September 7, 2021, Mercury Systems announced the appointment of Thomas Huber as the new Executive Vice President and Chief Transformation Officer. Huber will oversee the 1MPACT strategic initiative aimed at enhancing growth and operational efficiency over the next five years. With over 20 years of experience in large-scale transformations for Fortune 500 companies, Huber's focus will include improving organizational efficiency, procurement optimization, and R&D investment efficiency. His expertise is expected to drive significant value creation for Mercury.
Mercury Systems has introduced new avionics data recorder, storage, and transfer systems designed for high-speed, secure, and reliable data exchange in aerial operations. These systems, which integrate easily into both rotary and fixed-wing aircraft, enhance intelligence, surveillance, and reconnaissance (ISR) capabilities. The offerings include the High Definition Video Recorder, Advanced Data Transfer Systems, and Data Storage Systems, all featuring advanced encryption and high performance. This innovation aims to reduce maintenance costs and enhance mission effectiveness.
Mercury Systems (MRCY) has secured a $17 million order from the U.S. Naval Air Warfare Center for Advanced Data Transfer Systems (ADTS), aimed at multiple rotary-wing and tilt-rotor platforms. This order is part of an $84.9 million IDIQ contract obtained in September 2020, following Mercury's acquisition of Physical Optics Corporation. The delivery order, expected over several quarters, highlights Mercury's commitment to enhancing the Naval air fleet's capabilities through secure technology solutions.
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