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 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.
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.