Defence stocks ideas: Mercury systems

NASDAQ:MRCY   Mercury Systems Inc
Mercury Systems is well-positioned to see robust growth in a new era of defense spending and benefit from increased outsourcing.
The military challenges posed by Russia and China were the catalyst for NATO countries to increase defense budgets, leading to $1.5T of additional defense spending over the next decade.
The recent slowdown in profits is not unique to Mercury and caused by temporary supply chain-related issues.
Shares have fallen 43% this year and are trading below their fair value.

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