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. (NASDAQ: MRCY) news covers a global technology company focused on delivering mission-critical processing to the edge for aerospace and defense missions. As a manufacturer in search, detection, navigation, guidance, aeronautical, and nautical systems, Mercury regularly issues updates on contracts, programs, and technology developments that affect its role in the defense electronics landscape.
On this page, readers can follow MRCY news related to awards for U.S. space and strategic weapons programs, avionics subsystems for new military aircraft, and multi-mission, multi-domain subsystems for defense prime contractors. Recent announcements describe development and production contracts that leverage the Mercury Processing Platform, including strategic radiation-hardened data and signal processing, radiation-tolerant wideband storage and processing subsystems, and FPGA-based signal acquisition and digital beamforming solutions for U.S. national security space programs.
Mercury’s news flow also includes updates from major industry events, such as demonstrations of AI-powered Aided Target Recognition software on CMOSS-aligned hardware, showcases of electronic warfare capabilities and Direct RF digital signal processing products, and collaborations to integrate cyber resiliency technology with Mercury hardware. Investors and industry observers can also track earnings releases, conference call announcements, and information about the company’s revolving credit facility and share repurchase authorizations through its press releases and related SEC Form 8-K filings.
By monitoring this MRCY news feed, users can see how Mercury’s mission computing, sensor processing, command and control, communications, electronic warfare, space, avionics, and cybersecurity-related offerings are reflected in contract wins, program milestones, and financial disclosures over time.
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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Mercury Systems has been recognized with the “Medium Manufacturer of the Year” award by the Arizona Manufacturers Council during the 2020 Arizona Manufacturing Summit. This accolade highlights the Phoenix manufacturing facility's commitment to innovation, excellence, and sustainability, especially during the COVID-19 pandemic. The company has invested in custom microelectronics capabilities to comply with Department of Defense mandates, showcasing its leadership in the aerospace and defense sector. CEO Mark Aslett was ranked #1 CEO by Glassdoor, further emphasizing Mercury's strong leadership.
Mercury Systems, a leader in secure mission-critical technologies for aerospace and defense, will participate in the Baird 2020 Virtual Global Industrial Conference from Nov. 10-12, 2020. Management will present an overview of the company’s business on Nov. 10 at 8:30 a.m. ET. The presentation will be accessible via a live webcast on Mercury’s investor website, with a replay available for 90 days. Mercury specializes in engineering solutions for over 300 critical aerospace and defense programs, committed to innovation and customer success.
Mercury Systems, Inc. (NASDAQ: MRCY) will announce its first quarter fiscal year 2021 financial results on November 3, 2020, after market close. Management will host a conference call at 5:00 p.m. ET that same day to discuss the financial results, business highlights, and future outlook. Participants can join the call by dialing (877) 303-6977 in the USA or (760) 298-5079 internationally. The audio webcast will be available on the company's investor relations page, with a replay accessible for six months post-call.
Mercury Systems (MRCY) announced that its Chief Technology Officer, Dr. William Conley, has been appointed to the Board of Advisors for the Hudson Institute’s Center for Defense Concepts and Technology. This center focuses on military strategy and the impact of emerging technologies on defense. Dr. Conley's expertise in electronic warfare will help advance the Center's objectives. The Hudson Institute aims to understand military competition and improve U.S. and allied military capabilities through research and strategic guidance.
Mark Aslett, President and CEO of Mercury Systems (NASDAQ: MRCY), was honored as one of Glassdoor's top-rated CEOs during COVID-19, achieving a 95% employee approval rating. The recognition highlights Aslett's leadership amidst pandemic challenges, including the establishment of a $1 million employee relief fund and rigorous health protocols. Under his guidance, Mercury reported record financial results for fiscal Q4 and the full year in 2020. The Glassdoor report reflects employee feedback focusing on well-being, communication, and work-life balance.
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