Mercury Systems’ (MRCY) shares appreciated 22.7% in the trailing six months, outperforming the Zacks Aerospace sector and the Zacks Aerospace – Defense Equipment Industry, and its peers, including Hexcel (HXL) , AAR (AIR) and Woodward (WWD) .Over the same timeframe, shares of Hexcel, AAR and Woodward have returned 11.3%, 8.4%, and 7%, respectively. Meanwhile, the sector and the industry have returned 7.3% and 20.4%, respectively.Mercury Systems’ positive share price movement reflects its ability to deliver ...

ANDOVER, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced it was awarded a $24.5 million contract to develop a data processing and storage subsystem for a U.S. Defense Department satellite program. Under a contract with an innovative space systems prime contractor, Mercury will deliver a number of these subsystems that leverage its commercial products and deep experti ...

Key Appointments - Tyler Hojo has been appointed as Vice President of Investor Relations, reporting to CFO David Farnsworth, and will be responsible for developing and implementing a comprehensive investor relations strategy [1] - Krishna Sinha has been appointed as Vice President of Strategy and Corporate Development, reporting to CFO David Farnsworth, and will lead the development of the company's long-term strategic plan, including inorganic acquisition and partnership strategies [1] - Robin Milton has been appointed as Chief Marketing and Communications Officer, reporting to Chief Human Resources Officer Steve Ratner, and will drive the development and execution of Mercury's strategic marketing plan [7] Company Overview - Mercury Systems is a technology company that delivers mission-critical processing power to the edge, enabling advanced technologies for aerospace and defense missions [2] - The Mercury Processing Platform allows customers to leverage innovative capabilities from silicon to system scale, turning data into actionable insights [2] - Mercury's products and solutions are deployed in over 300 programs across 35 countries, supporting mission computing, sensor processing, command and control, and communications [2] - The company is headquartered in Andover, Massachusetts, and has 23 locations worldwide [2] Leadership Perspective - Mercury Chairman and CEO Bill Ballhaus expressed excitement about the new hires, stating that they bring vital, diverse, and complementary skillsets to the leadership team [2] - The company believes it has now largely established the strategy, structure, and personnel necessary to drive its next phase of growth [2] Forward-Looking Statements - The press release contains forward-looking statements related to the company's strategic plan execution, but these statements involve risks and uncertainties that could cause actual results to differ materially from projections [3][4]

ANDOVER, Mass., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, will release its second quarter fiscal year 2025 financial results after the market close on Tuesday, February 4, 2025. Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury's quarterly financial results, business highlights, and outlook. In addition, Company represen ...

Mercury Systems (MRCY) has demonstrated remarkable resilience and growth potential, with its stock showing impressive momentum with a 29.6% return in the past year. Here are three compelling reasons why investors should consider adding MRCY to their portfolios in 2025.Strong Financial Performance and GrowthMercury Systems has shown robust financial performance in the first quarter of fiscal 2025, with bookings reaching $247.7 million, representing a significant 29% year-over-year increase. The company achie ...

Core Insights - Roger Krone has departed from the Board of Directors of Mercury Systems to focus on his role as President and CEO of the Boy Scouts of America [1][2] - Jean Bua, CFO of NetScout Systems, has been appointed as a new Independent Director on the Board, bringing extensive financial and accounting experience [1][2] Company Overview - Mercury Systems is a technology company that provides mission-critical processing power to the edge, supporting aerospace and defense missions [4] - The company operates globally, with products deployed in over 300 programs across 35 countries, focusing on mission computing, sensor processing, command and control, and communications [4] Leadership Changes - Roger Krone's departure is acknowledged by Bill Ballhaus, Chairman and CEO of Mercury Systems, who expressed gratitude for Krone's service [2] - Jean Bua's appointment is seen as a significant addition to the Board, enhancing its financial, governance, and compliance leadership [2][3] Jean Bua's Background - Jean Bua has over 40 years of experience in finance, accounting, and business, having served as CFO at NetScout Systems since 2011 [3] - Her previous roles include Executive Vice President of Finance at American Tower and various positions at Iron Mountain, Ernst & Young, and KPMG [3]

Core Points - Mercury Systems, Inc. has been awarded a two-year, $17 million development contract from a U.S. defense prime contractor for a program utilizing its Common Processing Architecture [1] - The new program will replace and upgrade existing processing capabilities with enhanced performance and security features, including BuiltSECURE technology, making it eligible for export to allied nations [2] - This contract follows a previous $49 million production agreement, indicating the company's progress in returning to full-rate production in its Common Processing Architecture product area [3] - The awards reflect strong demand for secure, high-performance processing solutions at the edge, showcasing customer confidence in the company's capabilities [4] Company Overview - Mercury Systems is a technology company focused on delivering mission-critical processing power to the edge, enhancing accessibility for aerospace and defense missions [8] - The Mercury Processing Platform enables customers to leverage innovative capabilities from silicon to system scale, facilitating timely decision-making [8] - The company's products are deployed in over 300 programs across 35 countries, covering various applications in mission computing, sensor processing, command and control, and communications [8]

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Mercury Systems (NASDAQ: MRCY ) reported its Q1 FY25 earnings on the 5th of November, beating analyst estimates on revenues and EPS. The financial results seem to have appealed to investors, as the stock gained nearly 25% since then. In August, IDh ...

Mercury Systems (MRCY) reported first-quarter fiscal 2025 results, wherein both top and bottom lines beat the Zacks Consensus Estimate.The aerospace and defense tech firm reported non-GAAP earnings of 4 cents per share against the Zacks Consensus Estimate of a loss of 13 cents. The bottom line surged 116.7% year over year.Mercury Systems’ non-GAAP revenues increased 13% year over year to $204.4 million. The top line beat the consensus mark by 12.9%. MRCY’s earnings beat the Zacks Consensus Estimate once in ...

Mercury Systems (MRCY) reported $204.43 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 13%. EPS of $0.04 for the same period compares to -$0.24 a year ago.The reported revenue represents a surprise of +12.90% over the Zacks Consensus Estimate of $181.08 million. With the consensus EPS estimate being -$0.13, the EPS surprise was +130.77%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...