Mercury Sys Inc Stock Price, News & Analysis

Mercury Systems reported strong fourth quarter results with revenues of $251 million, a 15% increase year-over-year. Bookings reached $260 million for a book-to-bill ratio of 1.04, and backlog exceeded $900 million. The company completed the acquisition of Pentek and launched the 1MPACT initiative, targeting annualized savings of $30-50 million by fiscal 2025. For fiscal 2022, projected revenue is $1.00-$1.03 billion with adjusted EPS expected between $2.45 and $2.55.

Mercury Systems Inc. announces the launch of the SCFE6931 processing module, the industry's first to integrate AI processing functionality, utilizing dual Xilinx Versal AI Core processors. This module offers up to 20× faster performance than current FPGA solutions and 100× faster than CPUs, enhancing capabilities for applications in radar, 5G, and electronic warfare. Designed for harsh environments, the SCFE6931 supports agile integration and reduces development time, fulfilling the growing demand for high-performance processing in aerospace and defense.

Mercury Systems Inc. (NASDAQ: MRCY) will participate in the Jefferies Virtual Industrials Conference on Aug. 3-4, 2021. A presentation providing an overview of the company’s business is scheduled for Aug. 4 at 10:00 a.m. ET. The event will be webcast live and accessible via Mercury’s investor website, with a replay available for 30 days. Headquartered in Andover, Mass., Mercury specializes in secure technologies for aerospace and defense, emphasizing its commitment to delivering Innovation That Matters.

Mercury Systems, Inc. (NASDAQ: MRCY) announced a partnership with CoreAVI to provide safety-certified graphics and GPU compute solutions for aerospace and defense markets. This exclusive agreement addresses the rising demand for safety-critical technologies and supports open standards. The collaboration aims to enhance mission-critical applications by integrating CoreAVI’s software with Mercury’s mission computing solutions. Both companies will also develop advanced AI technology to improve situational awareness and support autonomous systems. This partnership reinforces Mercury's commitment to innovation and safety in avionics.

Mercury Systems has launched a new line of safety-certifiable 3U OpenVPX™ SOSA-aligned avionics modules aimed at reducing integration costs and risks in avionics applications. These modules support advanced workloads like artificial intelligence and augmented reality, facilitating faster certification processes. Highlights include the SBC3515-S module, the first Intel® Core™ i7 single board computer with up to 40x better performance than traditional boards. The collaboration with Intel enhances system reliability, reducing development time and costs.

Mercury Systems Inc. (NASDAQ: MRCY) will release its fourth quarter and fiscal year 2021 financial results on August 3, 2021, after market close. A conference call will follow at 5:00 p.m. ET to discuss the results and provide outlook updates. The company is recognized for its secure technologies in aerospace and defense sectors. Forward-looking statements in the press release highlight risks such as funding uncertainties, market conditions, and technological changes. Investors are advised that actual results could differ from projected outcomes due to these risks.

Mercury Systems has delivered over 1,000 NanoSWITCH rugged network switches to Oshkosh Defense for the Joint Light Tactical Vehicle (JLTV) program. This delivery signifies a major milestone in Mercury's 40-year history of providing secure and reliable subsystems for defense. The NanoSWITCH enhances Ethernet switching capabilities and ensures compliance with VICTORY standards for interoperability. The commitment to compact and lightweight solutions supports long-term defense programs, reflecting Mercury's role in the aerospace and defense sectors.

Mercury Systems has unveiled its groundbreaking EnsembleSeries HDS6705 blade server, a 6U OpenVPX™ embedded computing solution designed for aerospace and defense applications. This server provides high-performance processing with built-in security, powered by Second Generation Intel Xeon Scalable processors. It is expected to be available in Q2 CY2022, alongside the LDS6708 single board computer, which emphasizes enhanced physical security and lower power requirements. Both products are aimed at delivering innovative technology solutions while safeguarding mission-critical data.

Mercury Systems announced that its facilities in Cypress, CA and West Caldwell, NJ have been awarded the 2021 James S. Cogswell Outstanding Industrial Security Achievement Award by the U.S. Defense Counterintelligence and Security Agency (DCSA). This brings the total number of Cogswell awards received by the company to six. The award honors facilities demonstrating industrial security excellence, with less than 1% of the 13,000 cleared facilities nationwide receiving this recognition. The company aims to enhance trusted technologies for aerospace and defense sectors.