For informational purposes only. Not financial advice, not a recommendation to buy or sell any security. Standing Order is a directory and research project, not an advisory service.
Price · 1Y
$103.27
Thesis
Mercury Systems builds trusted mission-computing hardware and software that sits inside radar, electronic warfare, and ISR platforms across the prime contractors. The technology position is real, but the company is mid-turnaround after years of program execution and integration issues.
A cleaner backlog and refocused operating model would re-rate the business toward its sole-source defense electronics peers.
Catalysts
- Execution against fixed-price program charges
- Backlog conversion and free-cash-flow normalization
- Content wins on radar and EW modernization programs
- Potential strategic outcome given subscale, sole-source positions
Recent events
Material filings, federal awards, and regulatory activity. Impact is scored against market cap.
- May 5Financial resultsSEC
8-K filing (items 2.02, 9.01) for financial results.