Mercury Systems logged a huge net loss in the January-March quarter, but remains optimistic about exiting its "challenged programs" soon.
Credit: SOPA Images Ltd./Alamy Stock Photo
Mercury Systems (MRCY) has been in the red for so long that a profitable quarter would come as a pleasant surprise. Alas, the main surprise in the defense microelectronics manufacturer’s third-quarter fiscal 2024 earnings report was a net loss of $44.6 million, well above a consensus estimate of $4...
Subscription Required
‘Challenged Programs’ Still Dogging Mercury Systems is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
Already a member of AWIN or subscribe to Aerospace Daily & Defense Report through your company? Login with your existing email and password.
Not a member? Learn how you can access the market intelligence and data you need to stay abreast of what's happening in the aerospace and defense community.
Related Content
