Mercury Systems Receives $16M in DRFM Jammer Orders from U.S. Navy
Mercury Systems Inc (MRCY)
Last mercury systems inc earnings: 4/28 04:01 pm
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Source: GlobeNewswire
ANDOVER, Mass., June 24, 2019 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com) announced it received an additional $16 million in follow-on orders against its previously announced $152 million 5 year sole-source basic ordering agreement (BOA) to deliver advanced Digital RF Memory (DRFM) jammers to the U.S. Navy. The orders were received in the fourth quarter of the Company's fiscal 2019 year and are expected to be delivered over the next several quarters. Mercury DRFM jammers are size, weight and power (SWaP) optimized to meet the unique requirements of airborne pod-based solutions and incorporate decades of DRFM technology development, validated electronic attack techniques, and custom RF components. “Our design and manufacturing teams remain committed to meeting the growing demands for mission critical components for the U.S. military’s electronic warfare (EW) test and training program,” said Brian Perry, President, Mercury Defense Systems. “In addition to
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News
- Mercury Systems, Inc. (NASDAQ: MRCY) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
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- Mercury Systems, Inc. (NASDAQ: MRCY) was upgraded by analysts at Jefferies Financial Group Inc. from an "underperform" rating to a "hold" rating. They now have a $42.00 price target on the stock, up previously from $30.00.MarketBeat
- Mercury Systems, Inc. (NASDAQ: MRCY) had its price target raised by analysts at JPMorgan Chase & Co. from $36.00 to $40.00. They now have a "neutral" rating on the stock.MarketBeat
MRCY
Earnings
- 11/5/24 - Beat
MRCY
Sec Filings
- 11/19/24 - Form 4
- 11/18/24 - Form 144
- 11/14/24 - Form SC
- MRCY's page on the SEC website