Archive: Business/Financial

SAIC Posts Strong Third Quarter

SAIC [SAI] on Monday reported strong earnings and sales in its fiscal year 2008 third quarter as the company benefited from growth in defense, intelligence and homeland security programs. Net income increased 7 percent to $105 million, 25 cents earnings per share (EPS), from $98 million (28 cents EPS). Excluding discontinued operations, which cost SAIC […]

TSA’s Golden Touts X-Ray AT as Foundation for Aviation Checkpoint

Advanced Technology (AT) X-Ray machines that will replace current X-Ray machines at aviation security checkpoints will be the main platform that gives screening officers better tools to find "bad things" in passengers’ carry on bags, a senior Transportation Security Agency (TSA) official says. "AT technology is probably the foundation for the checkpoint moving forward," Mike […]

Cross Match, L-1 Get Initial U.S.-VISIT 10-Print Orders

Cross Match Technologies and L-1 Identity Solutions [ID] have received initial orders for both companies’ 10-print livescan systems as part of an upgrade of the Department of Homeland Security’s U.S.-VISIT program that requires collecting 10 fingerprints from most foreign travelers in the U.S. instead of the current two. DHS awarded CounterTrade Products, Inc., which is […]

Delay In Supplemental Poses Dire Consequences For Marine Corps, General Says

By Geoff Fein The Marine Corps could be facing dire consequences if Congress and the president are unable to reach an agreement on the supplemental defense bill, according to a Marine Corps official. The Marine Corps is spending about $750 million a month, half of which goes toward supporting forces in Iraq and other war […]

LLNL Seeks Industry Partners for High-Energy Spectrometer

Lawrence Livermore National Laboratory (LLNL) is seeking industry partners for the licensing of its technology called UltraSpec: Ultrahigh-Energy Resolution Gamma and Fast Neutron Spectrometer. UltraSpec is a new analytical tool for examining nuclear materials non-destructively. The technology can be used to characterize and identify gamma-ray or neutron sources quickly. Moreover, LLNL says UltraSpec can be […]

Cross Match Takes Interest in AssureTec Systems

Cross Match Technologies has made a strategic investment in privately-held AssureTec Systems, a developer and supplier of document authentication systems, as part of the company’s strategy to offer more complete solutions in the identity management space. The value of the investment wasn’t disclosed. Cross Match will obtain a seat on AssureTec’s board of directors. "Our […]

DHS, Arizona Agree On Secure Drivers Licenses

By Calvin Biesecker The State of Arizona last week formally agreed to work with the Department of Homeland Security (DHS) on creating an Enhanced Drivers Licence (EDL) for its citizens that is compliant the Western Hemisphere Travel Initiative (WHTI) and eventually making the license compliant with the requirements of REAL ID. Arizona plans to begin […]

Polish Airport Acquires Additional MagShoe Units

The operators of Lech Walesa International Airport’s terminal facilities have acquired additional MagShoe metal detectors from IDO Security, Inc. [IDOI], expanding on a prior installation of the high-speed, shoes-on portable footwear metal detection system. The value of the award wasn’t disclosed. IDO Security now has about 14 of its shoe scanners at Lech Walesa International. […]

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The first National Security Cutter (NSC), CGC Bertholf (WMSL 750), returned to Northrop Grumman [NOC] Ship Systems’ Pascagoula facility Sunday after completing machinery trials, the company said yesterday. The machinery trials, which began Dec. 4, were an initial test of many of the ship’s capabilities at sea. Among the tests completed, Bertholf successfully met its […]

United Kingdom To Spend $122 Million For Tomahawk Weapon System, Support

The United Kingdom is looking to spend upwards of $122 million for the sale of and follow-on support for Tomahawk Weapon System (TWS) as well as associated equipment and services, the Defense Security Cooperation Agency (DSCA) reported. The sale includes missile modifications, maintenance, spare and repair parts, system and test equipment, engineering support, communications equipment, […]