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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) will announce its Q2 fiscal year 2021 financial results on February 2, 2021, after market close. A conference call and webcast will follow at 5:00 p.m. ET to discuss the results and business outlook. Participants can join the live event by registering online, with a replay available for six months after the call.
Mercury is a leader in secure technologies for aerospace and defense, delivering innovative solutions tailored to meet the industry's demanding needs.
Mercury Systems Inc. (NASDAQ: MRCY) has received the prestigious IPC-1791 certification for three of its manufacturing sites, making it the only U.S. Original Equipment Manufacturer (OEM) with multiple sites certified as Trusted Suppliers. The IPC-1791 QML certification ensures high quality, reliability, and consistency in electronics manufacturing through rigorous vetting and audits. Mercury's commitment to quality is further solidified as it was among the first ten companies to be designated as a Trusted Supplier in December 2019. The company continues to aim for more certifications.
Mercury Systems announced the successful acquisition of Physical Optics Corporation for $310 million. This acquisition, funded through cash and a revolving credit facility, aligns with Mercury's strategic goals to enhance their capabilities in providing integrated avionics subsystems. CEO Mark Aslett highlighted the importance of seamless integration moving forward. The acquisition positions Mercury to deliver more comprehensive technology solutions in defense and aerospace.
Mercury Systems (NASDAQ: MRCY) announced a $14 million order from a defense prime contractor for digital signal processing modules aimed at enhancing a multi-mode tactical radar application. This order, booked in Q1 of fiscal 2021, is set to improve threat detection capabilities by enabling earlier warnings and the ability to identify stealthier threats from greater distances. The modules will be shipped over several quarters, reflecting Mercury's ongoing commitment to innovation in defense technology.
Mercury Systems has introduced a new line of open architecture electromagnetic spectrum (EMS) processing subsystems aimed at enhancing electronic warfare and signal intelligence solutions. The MPS1101 and MPS1202 subsystems feature customizable RF transmit/receive capabilities, digitization, and middleware that streamline upgrades and reduce integration time. These advancements enable faster deployment and lower costs. The systems are designed to mitigate risks, accelerate development cycles, and provide secure, high-performance applications for customers in aerospace and defense sectors.
Mercury Systems has announced the acquisition of Physical Optics Corporation (POC) for $310 million in cash. POC specializes in avionics and mission subsystems for defense applications and is expected to generate over $120 million in revenue for fiscal 2020. The acquisition is anticipated to be immediately accretive to adjusted EPS and enhances Mercury's capabilities in military digital convergence and data transfer solutions. Closing is expected by Q2 of fiscal 2021, pending regulatory approval.
Mercury Systems has launched the MissionPak SLC ultra-portable secure solid-state drive (SSD), designed for mission-critical applications within the aerospace and defense sectors. This compact and water-resistant SSD offers AES-256 XTS encryption and features the fastest data erasure time in the industry, capable of clearing sensitive data in under 10 seconds. Available in 128 GB and 256 GB, the MissionPak SSD is engineered for high reliability and security in harsh environments, aligning with Mercury's commitment to delivering trusted technologies for mission success.
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Mercury Systems (MRCY) reported a strong first quarter for fiscal 2021, with revenue of $205.6 million, reflecting a 16% increase year-over-year, including 12% organic growth. Key metrics, such as net income of $15.8 million ($0.29 per share) and adjusted EBITDA of $42.8 million, surpassed guidance. The backlog reached $826 million, up 16% from the previous year. For the second quarter, revenues are projected between $200 million and $210 million, with adjusted EPS expected to be around $0.48 to $0.51. Overall, the outlook for fiscal 2021 appears positive, with revenues forecasted between $865 million and $885 million.
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