Mercury Sys Inc Stock Price, News & Analysis

Mercury Systems, Inc. (NASDAQ: MRCY) reported a strong financial performance for the third quarter of fiscal 2021, with revenues of $256.9 million, a 23% increase year-over-year. The backlog rose 16% to $894 million, reflecting a robust pipeline. GAAP net income was $15.6 million, down from $23.6 million in the prior year, with adjusted EPS improving to $0.64. The company forecasts Q4 revenues between $236.5 million and $246.5 million, and full-year revenues to be approximately $910 million to $920 million. The integration of Physical Optics Corporation is progressing well.

Mercury Systems has launched the Rappid™ spectrum processing platform, designed to enhance development in electronic warfare and signal intelligence applications. This modular system simplifies integration, reduces costs, and allows rapid deployment of technologies critical for countering evolving threats. By decoupling hardware from software, Rappid enables swift upgrades across various systems, aligning with the DoD’s Electromagnetic Spectrum Superiority Strategy. Collaborative efforts with partners like Virginia Tech aim to further enhance capabilities in mission-critical operations.

Mercury Systems (NASDAQ: MRCY) announced the launch of the JTS0100 Jammer Training System, designed for training radar and communications operators in challenging environments. This system is portable, sets up in under an hour, and simulates contemporary electronic warfare threats. It features advanced digital RF memory technology and a library of jamming threats validated by the U.S. government. The JTS0100 system aims to enhance operators' readiness against evolving threats, building on Mercury's established training solutions.

Mercury Systems (NASDAQ: MRCY) will release its third-quarter fiscal year 2021 financial results on May 4, 2021, after market close. Management will host a conference call at 5:00 p.m. ET the same day to discuss the results and provide insights on business highlights and outlook. The event will be accessible via webcast, with a replay available for six months. Key topics may include earnings forecasts and financial developments, reflecting the company's commitment to transparency with its stakeholders.

Mercury Systems Inc. (NASDAQ: MRCY) announced its latest rugged rackmount server lineup, RES XR7, featuring 3rd Gen Intel Xeon Scalable processors. Designed for AI, sensor fusion, and communications applications, these servers promise data center-level performance by optimizing latency and bandwidth. The servers meet stringent military and industrial standards, demonstrating resilience against harsh conditions. They offer significant deployment cost savings and improved efficiency, supported by advanced technologies like PCIe Gen4 and built-in AI acceleration.

Mercury Systems (NASDAQ: MRCY) has been selected by NASA's Jet Propulsion Laboratory to provide solid-state data recorders (SSDRs) for the Earth Surface Mineral Dust Source Investigation (EMIT). The SSDRs will be part of the Earth Imaging Spectrometer, scheduled for launch in 2022 to enhance understanding of dust's impact on Earth's climate. Mercury has a strong track record with over 20,000 space-qualified devices delivered and no in-flight failures, emphasizing its expertise in developing reliable technology for challenging environments.

Mercury Systems has launched the ARES3100 Advanced Radar Environment Simulator, a solution designed to optimize radar testing for aerospace and defense applications. This technology allows for accurate testing in secure laboratory environments, significantly reducing costs associated with traditional open-air range testing, which can exceed tens of thousands of dollars per hour. The ARES3100 features a user-friendly interface and a versatile architecture that supports various hardware and software configurations, streamlining radar performance evaluation and ensuring aircrew safety.

Mercury Systems Inc. (NASDAQ: MRCY) announced that its president and CEO, Mark Aslett, received the 2021 Wash100 Award from Executive Mosaic, recognizing his leadership in government contracting. The award highlights Mercury's commitment to secure processing and trusted microelectronics supporting the Department of Defense. Aslett expressed pride in the recognition and emphasized the company's role in enhancing global security through technology. Additionally, Mercury has achieved notable rankings, including being named one of FORTUNE's "100 Fastest-Growing Companies" in December 2020.