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Mercury Systems Reports Third Quarter Fiscal 2021 Results


Backlog of $894 million increased 16% over prior year
Physical Optics Corporation integration progressing well
ANDOVER, Mass., May 04, 2021 (GLOBE NEWSWIRE) Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com)), reported operating results for the third quarter of fiscal 2021, ended April 2, 2021.
Management Comments
The Company delivered a strong financial performance in the third quarter, said Mark Aslett, Mercury s President and Chief Executive Officer. Record revenues exceeded guidance and the integration of Physical Optics Corporation is progressing well. We continue to execute on our strategy to deliver strong margins while growing the business organically and supplementing the organic growth with disciplined M&A and full integration. Our pipeline is robust with multiple opportunities of varying sizes, all in line with the core of our strategy. We believe this strategy will continue to generate significant value for our shareholders, said Aslett. ....

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5 Best Industrial Stocks for 2021


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Industrial stocks are expected to receive a shot in the arm in 2021, say analysts who specialize in the sector.
Industrials were hammered when the U.S. economy was idled by COVID-19 and the slew of shutdown orders that followed to help slow the spread of the coronavirus. Now, however, with vaccines on the way, analysts outlook for an economic recovery in 2021 is much more optimistic.
Expect strong catch-up growth in 2021 and the following years, say Morningstar analysts Preston Caldwell and Karen Andersen. Just note that industrials stocks might not take off immediately in 2021 – a second wave of COVID-19 infections in the U.S. is prompting more lockdown orders that could at least temporarily slow the recovery, and thus the sector. ....

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