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. develops secure open-architecture processing technology for aerospace and defense missions. The company’s Mercury Processing Platform spans signal processing, mission computing, sensor processing, command and control, communications, solid-state data recording, and edge processing applications used by defense prime contractors, the U.S. government, original equipment manufacturers, and commercial aerospace customers.
Recurring Mercury Systems news covers quarterly results, bookings, backlog, cash flow, and program demand, along with contract awards tied to space, strategic weapons, satellite, and electronic warfare applications. Company updates also include production capacity actions, specialized manufacturing capabilities such as the SolderMask acquisition, and product activity around radiation-hardened or radiation-tolerant storage and processing subsystems, RF modules, ARES radar environment simulators, and mPOD jammer training pods.
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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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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.