Aerospace Group:

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…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]