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Mercury Systems Inc (NASDAQ: MRCY) delivers mission-critical processing solutions for aerospace and defense applications. This dedicated news hub provides investors and industry professionals with comprehensive coverage of corporate developments, technological breakthroughs, and strategic initiatives.
Access real-time updates including earnings reports, product launches, and partnership announcements. Our curated collection features official press releases alongside third-party analysis of Mercury's innovations in secure sensor processing, RF digitization, and defense electronics.
Key updates cover system deployments, R&D advancements, and executive leadership changes. Bookmark this page to monitor Mercury Systems' progress in developing secure open architecture solutions for next-generation defense platforms and aerospace technologies.
Green Hills Software and Mercury Systems (Nasdaq: MRCY) have announced that their INTEGRITY-178 tuMP safety-critical real-time operating system (RTOS) has entered the verification phase for DO-178C and AC 20-193 airworthiness certification on Intel's 11th Gen Core i7 processors. This step follows the successful delivery of a Plan for Software Aspects of Certification (PSAC). The system is set to become the first certified on this processor for DO-178C DAL A standards. The first customer is a US Army aviation program, with potential for broader adoption. Production systems are expected by the end of next year. INTEGRITY-178 tuMP has been available since 2021 and is recognized for its high multicore utilization and low lifecycle cost.
Mercury Systems, Inc. reported Q3 FY24 revenue of $208.3 million with a book-to-bill ratio of 1.06. The company had a record backlog of $1.3 billion, up 17% year-over-year. GAAP net loss was ($44.6) million, and adjusted EBITDA was ($2.4) million. Total bookings were $219.9 million. Cash flows used in operating activities were $17.8 million. Backlog at March 29, 2024, was $1.29 billion, a $190.5 million increase from the previous year. The company expects revenue in the range of $800.0 million to $850.0 million for full fiscal year 2024.
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