:

Homeland Security

Earnings News and Notes

DDN

Wednesday, August 5th, 2009

SHARE:

L-1 Identity Solutions [ID] 2Q09 2Q08 Sales $168.1M $145M Net Inc. ($1.2M, 0.01) $2.5M, 0.03 L-1 swung to a loss in part stemming from a $1.3M charge for receivables related to Verified Identity Pass' recent termination of its Clear Registered Traveler (RT) program, stock based compensation and lower gross margins. Margins fell 4 percent related to licensing revenue in the biometrics business and fewer sales of Passports, Pass Cards and printers, which are down due to the challenging economy. L-1…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]