Mercury Sys Inc Stock Price, News & Analysis

Mercury Systems (NASDAQ: MRCY) has appointed Allen Couture as Senior Vice President of Execution Excellence, effective October 3, 2022. Couture, with over a decade of leadership experience at Raytheon Technologies, will oversee engineering, supply chain, and operations. He is expected to enhance Mercury’s growth strategy and customer satisfaction by ensuring efficient systems and processes. CEO Mark Aslett expressed confidence in Couture's ability to drive mission-critical capabilities, strengthening the company’s commitment to innovation and customer service.

Mercury Systems has unveiled the Rugged Data Storage (RDS) system, an all-flash network-attached storage solution aimed at mission-critical applications in aerospace and defense. Collaborating with VAST Data Federal, the RDS provides low-latency, scalable, and secure data storage, optimizing performance for demanding environments. Key features include a universal flash cloud, extended write endurance of over 10 years, and robust data protection. The RDS system promises to enhance real-time data access, crucial for AI and machine learning tasks, addressing the growing volume of data generated by modern sensors.

Mercury Systems has launched the Model 8258 development platform, designed for fast technology adoption in compute-intensive applications. This platform uses a dual AMD-Xilinx Versal AI Core device to facilitate real-time tactical decision-making for defense applications, reducing project risks and development time. It supports AI applications and includes robust features like custom FPGA development and high-speed data interfaces. The platform aims to enhance performance in advanced defense systems, aligning with the increasing demand for AI capabilities in defense.

Mercury Systems has secured a $12 million order from a major defense contractor to manufacture and package advanced GPS modules, enhancing precision munition capabilities for the U.S. Army. This order was recorded in the company's fiscal 2022 fourth quarter and will be fulfilled over the next several quarters. Mercury Systems emphasizes its commitment to providing ultra-small, ruggedized technology solutions tailored for defense applications, with all products manufactured in a DMEA-accredited facility.

Mercury Systems reported record bookings of $332 million and record revenues of $290 million for Q4 FY2022, reflecting a 16% increase year-over-year. The company achieved a book-to-bill ratio of 1.14, supported by a backlog of $1.04 billion. However, net income decreased to $16.9 million or $0.30 per share, down from $17.9 million or $0.32 per share in the prior year. For FY2023, revenue guidance is set between $1 billion and $1.05 billion, but projected net loss for Q1 is $18.2 million to $15.6 million.

Mercury Systems, Inc. (MRCY) announced a significant contract worth $8 million with a leading aerospace and defense company to develop video switching technology for ISR applications in rotary-wing aircraft. Awarded on April 1, 2022, the contract has an estimated lifetime value of $25 million. This technology aims to enhance the distribution of video data, improving pilots' access to critical information during missions. The company emphasizes its commitment to delivering safety-critical solutions, leveraging its expertise in open mission systems.

Mercury Systems has been awarded a contract by Leonardo UK to supply radar test and simulation systems for their E-scan radar technology. This contract builds on a previous partnership from 2019 focused on developing processing technology for the radar. Mercury’s solutions aim to enhance radar testing efficiency, offering faster, more accurate results, thereby improving operational safety and reducing costs for customers. The collaboration with Intel will boost processing capabilities, reinforcing Mercury's position as a key provider in advanced airborne radar systems.

Mercury Systems has introduced the mPOD, an advanced electronic attack training system for pilots, currently in final flight testing. This system enhances training by simulating realistic jamming threats, essential for preparing pilots for real combat scenarios. The mPOD's flexibility allows for quick reprogramming of tactics, which can lead to improved pilot and aircraft survivability while saving millions in training costs. Mercury is now accepting early orders for this innovative solution.

Mercury Systems announced a significant contract worth $56 million from a leading defense contractor to support rapid data processing for a defense radar application. This award, received in the fiscal 2022 fourth quarter, is expected to be delivered over the coming quarters. Mercury's rugged servers enhance the performance of advanced radar systems by efficiently processing large amounts of sensor data, ensuring timely situational awareness in defense operations. The company focuses on providing secure, innovative technology solutions tailored to critical military needs.