Mercury Systems Posts $1.5B Backlog, $288M Quarter Bookings
Mercury Systems secured a record backlog exceeding $1.5 billion with a 1.23 book-to-bill ratio after $288 million in second-quarter bookings. Second-quarter revenue of $233 million drove a 7.1% year-over-year increase in first-half sales for the company’s hardened processing and sensor electronics.
1. Record Backlog and Book-to-Bill Ratio
Mercury Systems closed the second quarter with a record backlog exceeding $1.5 billion and a book-to-bill ratio of 1.23, reflecting sustained demand for its mission-critical processing subsystems and sensor electronics.
2. Revenue Growth in Second Quarter
The company generated $233 million in Q2 revenue, representing a 7.1% year-over-year increase in first-half sales as strong bookings translated into realized contract performance.
3. Key Defense Applications
Mercury’s radiation-hardened computing and high-speed signal processing products are embedded in airborne ISR platforms, missile defense systems, next-generation AESA radars, precision-guided munitions, and electronic warfare programs.