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ANDOVER, Mass. - Mercury Systems, Inc. (NASDAQ:MRCY), a $5 billion market cap defense technology company whose stock has surged over 90% in the past six months, and Nightwing announced Monday an agreement to enhance the cyber resilience of Mercury’s hardware with Nightwing’s security technology.
The collaboration will offer pre-integrated cybersecurity and anti-tamper solutions designed to protect applications throughout their operational lifecycle, according to a company press release. According to InvestingPro data, Mercury Systems maintains a healthy financial position with a current ratio of 3.52, indicating strong liquidity to support its strategic initiatives.
The partnership combines Mercury’s hardware technology portfolio with Nightwing’s cybersecurity capabilities, which have been developed through experience with U.S. military and intelligence community missions.
"Together we will give our customers and partners more options to meet their performance, affordability, and maintainability needs," said Tom Smelker, Mercury’s Senior Vice President of Processing Technologies.
Tim Zentz, Nightwing’s Vice President of Cyber Offense and Defense Experts, noted that mission-critical systems face various cyber threats including over-the-air attacks, compromised supply chain components, and infected maintenance equipment.
Mercury Systems provides mission-critical processing technologies for aerospace and defense applications, with products deployed in more than 300 programs across 35 countries. The company is headquartered in Andover, Massachusetts.
Nightwing, based in Dulles, Virginia, offers cyber, data operations, systems integration, and intelligence services. The company became independent in April 2024 after previously being part of a Fortune 100 company.
The agreement aims to address growing cybersecurity concerns in connected mission-critical systems while reducing total cost of ownership for government customers.
In other recent news, Mercury Systems has been awarded a $12.3 million development contract to create an avionics subsystem for a new U.S. military aircraft. This three-year agreement involves developing a Communication Management Unit control head to manage multiple cockpit communications systems. Additionally, Mercury Systems has secured a new production deal with AeroVironment to support the U.S. Space Force’s Satellite Communication Augmentation Resource program, expanding on their initial 2023 contract.
RBC Capital has upgraded Mercury Systems from Sector Perform to Outperform, raising its price target to $90.00, citing the company’s strong positioning in defense mission-critical processing systems. Canaccord Genuity also resumed coverage of Mercury Systems with a Buy rating and set a price target of $88.00. Meanwhile, Jefferies increased its price target for Mercury Systems to $75.00 while maintaining a Hold rating, noting some conservatism in the company’s fiscal year 2026 guidance. These developments reflect Mercury Systems’ ongoing involvement in defense-related projects and its favorable outlook from analysts.
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