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.
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.
Mercury Systems Inc. (NASDAQ: MRCY) has launched the RH3480, the highest-density commercial solid-state data recorder (SSDR) designed for radiation-intensive applications. This compact and rugged SSDR is tailored for low-earth orbit satellites, aircraft, and scientific missions, featuring horizontal error correction and industrial-grade flash memory to ensure long-term data integrity. Mercury has a strong track record, delivering over 20,000 space-qualified devices without failures. The RH3480 aims to meet the burgeoning need for efficient data storage and transmission in advanced satellite technologies.
Mercury Systems, Inc. (NASDAQ: MRCY) announced the acquisition of Pentek Technologies and Pentek Systems for $65 million, expected to enhance its software-defined radio and data acquisition offerings. This acquisition aims to deepen Mercury's market presence in radar and electronic warfare fields and is forecasted to add approximately $20 million in revenue for the fiscal year ending July 1, 2022. The deal is expected to be immediately accretive to adjusted EPS, aligning with Mercury's strategy for low-risk content expansion and increased total addressable market.
Mercury Systems Inc. (NASDAQ: MRCY) will present at the William Blair 41st Annual Growth Stock Conference on June 2, 2021, at 8:00 a.m. CDT. The event will be held in Andover, Massachusetts, where Mercury leads in secure mission-critical technologies for aerospace and defense.
The presentation will be available via a live webcast on Mercury's investor website, with a replay accessible for 90 days after the event. Mercury Systems focuses on delivering trusted open architecture solutions for challenging environments.
Airbus Defence and Space has partnered with Mercury Systems (NASDAQ: MRCY) to enhance autonomous and flight control computer programs. This collaboration is formalized through a Framework Cooperation Agreement aimed at advancing research, demonstration, and certification of critical technologies. Both companies bring complementary capabilities, with Mercury specializing in mission computing and safety-critical avionics. This agreement signals a commitment to innovation and strengthens existing ties, as evidenced by previous successful projects like the A330 SMART MRTT Tanker.
Mercury Systems Inc. (NASDAQ: MRCY) announced its participation in the Goldman Sachs 2021 Industrials & Materials Conference taking place from May 11-13, 2021. Management will present on May 11 at 8:50 a.m. ET. The presentation will be available via webcast, with a replay accessible for 90 days.
Mercury specializes in trusted, secure technologies for aerospace and defense, aiming to enhance safety and security worldwide. For further details, visit their website.
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.