Midnight MarketsV1.0
⚠ Not financial adviceNot financial advice. Independent research, not investment recommendations. The author and website make no representation as to accuracy or completeness. Do your own due diligence before acting on anything you read here. Read the full disclaimer →
The Defense Robots — Drones, Loitering Munitions & Defense AI · The Embodied Stack — Robotics

MRCY

Mercury Systems
loading…
History0 bars

Defense electronics subsystems — RF, EW, processing modules inside missiles, radars, and drones.

What they do

Makes the rugged electronics modules that go inside missiles, radars, electronic-warfare pods, and high-end UAVs. Mercury sits one layer below the primes (Raytheon, Lockheed, L3Harris) but above the chip vendors. Q3 FY26 EPS $0.27 vs $0.07 estimate; record bookings. The turnaround thesis is intact. Smaller, less liquid than the primes but exposed to every modernization program — including the very loitering munitions and counter-UAS systems in this section.