United States public
Mercury Systems
MRCYMercury Systems (Nasdaq: MRCY) is an Andover, Massachusetts defense electronics company founded in 1981 that is a leading supplier of radiation-hardened processors, secure processing modules, and mission computing systems for defense satellite programs and space-based intelligence platforms.
- Headquarters
- Andover, United States
- Founded
- 1981
- Type
- commercial
- Founded
- 1981
- Headquarters
- Andover, United States
- Stage
- Public
- Ownership
- Listed
- Market cap
- $5.19B -15.8% 30d
- Employees
- 2,102 as of 2026
Quick Facts
About Mercury Systems
Mercury Systems (Nasdaq: MRCY) is an Andover, Massachusetts defense electronics company founded in 1981 that is a leading supplier of radiation-hardened processors, secure processing modules, and mission computing systems for defense satellite programs and space-based intelligence platforms. The company's OpenVPX-based processing architectures, secure enclave modules, and high-bandwidth RF signal processing boards are used in SIGINT (signals intelligence) satellites, EO/IR surveillance satellites, and ground-based tactical processing systems.
Mercury specializes in "trusted" processing — electronics qualified for classified programs with supply chain integrity assurance and anti-tamper protection. With ~$1B revenue, Mercury occupies the critical mid-tier between defense primes (Lockheed, Northrop) and component suppliers, providing ruggedized commercial-off-the-shelf (RCOTS) processing that primes integrate into their space systems.
Products and product lines
| Product | Line | Note |
|---|---|---|
| OpenVPX / BuiltSECURE embedded processing subsystems | Secure embedded processing | Mercury's rugged 3U/6U OpenVPX multiprocessing modules embed Intel Xeon and FPGA compute inside a BuiltSECURE anti-tamper framework built in IPC-1791-certified, DMEA-accredited facilities. |
| SCFE6933 SpaceVPX processing board | Space-qualified / radiation-tolerant processing | A single-slot 6U VITA 78 SpaceVPX board built on an AMD Versal AI Core adaptive SoC, rated above 30 krad TID and 45 MeV-cm2/mg SEL for LEO through deep-space EO/RF payload and beamforming processing. |
| Quartz RFSoC family | RF/digital signal processing | Compact FPGA boards built on AMD Zynq UltraScale+ RFSoC with up to 5 GHz A/D and 9.85 GHz D/A sampling, used for EW, radar and SIGINT signal acquisition and digital beamforming. |
| Solid-state data recorders (SSDR) | Space data storage | High-capacity 3U VPX solid-state recorders supplied to L3Harris for the Space Development Agency's Tranche 3 Tracking Layer missile-warning satellites, following prior deliveries across all earlier PWSA tranches. |
| Navigator/Quartz RFSoC beamforming solution (SCAR program) | RF/digital beamforming for satellite comms | An FPGA-based signal acquisition and digital beamforming solution supplied to AeroVironment for the Space Force's SCAR program's BADGER deployable ground beamforming terminals. |
| Radiation-tolerant wideband storage and processing subsystem | Space-qualified processing/storage | A subsystem built on AMD Versal AI Core FPGAs with 4.5-terabyte drives, adopted by a second national-security space prime under contracts awarded in Mercury's FY2026 space/strategic-weapons award round. |
| Strategic radiation-hardened data and signal processing | Radiation-hardened processing / missile defense | A rad-hard data/signal processing development effort for an unnamed large U.S. strategic weapons program, originally awarded in 2023 and extended through 2031 with additional flight-test units. |
| Avalex avionics and mission displays | Airborne mission computing/displays | Rugged avionics displays, integrated communications-management systems and digital video recorders added to Mercury's line through its 2021 acquisition of Avalex Technologies. |
Timeline
- 1981 Incorporated in Massachusetts as Mercury Computer Systems. [source]
- 1998 IPO on Nasdaq under ticker MRCY, with trading beginning January 29, raising roughly $18.6 million net proceeds. [source]
- 2012 Renamed from Mercury Computer Systems to Mercury Systems, Inc. (announced November 13) to reflect expanded RF/microwave and sensor/big-data processing capabilities. [source]
- 2021 Acquires avionics maker Avalex Technologies (deal closed November 8), adding rugged displays and mission-computing products. [source]
- 2023 Founder/CEO Mark Aslett resigns effective June 24 after the board ends a strategic-sale review process; board member Bill Ballhaus is named interim President and CEO the same day. [source]
- 2023 Bill Ballhaus is named permanent President and CEO effective August 15, and later Chairman. [source]
- 2025 Signs a new hardware production agreement with AeroVironment (August 19) to supply Quartz RFSoC-based beamforming hardware for two additional BADGER units under the Space Force's SCAR program. [source]
- 2026 Selected by L3Harris (announced April 2) to supply solid-state data recorders for 18 SDA Tranche 3 Tracking Layer missile-warning satellites. [source]
- 2026 Reports fiscal 2026 full-year revenue of ~$983.6 million (up from $912 million in FY2025), record backlog over $1.9 billion, and Q4 bookings of $660 million (book-to-bill 2.28); guides FY2027 revenue approaching $1.1 billion. [source]
- 2026 Board extends Bill Ballhaus's employment contract as Chairman and CEO through August 15, 2030 (announced September 16), citing improved operational and financial results. [source]
Team
- William Ballhaus CEO · source
Signals
- Market cap, 90 days
- -25.1%
- Verification
- Verified 2026-09-17
Categories & Capabilities
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Stock Performance
MRCY · Daily close data
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Frequently asked about Mercury Systems
Quick answers to the questions readers most often search for.
- When was Mercury Systems founded?
- Mercury Systems was founded in 1981 in United States.
- Where is Mercury Systems headquartered?
- Mercury Systems is headquartered in Andover, United States.
- What does Mercury Systems do?
- Mercury Systems (Nasdaq: MRCY) is an Andover, Massachusetts defense electronics company founded in 1981 that is a leading supplier of radiation-hardened processors, secure processing modules, and mission computing systems for defense satellite programs and space-based intelligence platforms. The company's OpenVPX-based…
- Is Mercury Systems publicly traded?
- Yes. Mercury Systems trades under the ticker MRCY on NasdaqGS.
- What sector does Mercury Systems operate in?
- Mercury Systems works in satellite manufacturing, Defense and Data services, plus 3 other space-industry sectors.
Data Accuracy Notice: Information about Mercury Systems is compiled from publicly available sources including company websites, press releases, regulatory filings, and industry reports. Data is reviewed periodically but may not reflect the most recent developments.