L-1 Identity Solutions [ID] 3Q10 3Q09 Sales $121M $119.2 Net Inc. ($9.2M, 0.10) $1.4M, 0.02 L-1 says the sale of its identity solutions business to Safran Group and its intelligence services business to BAE Systems remain on track to during the fourth quarter of 2010 and the first quarter of 2011 respectively. Costs related to the pending sales, combined with higher general administrative costs and a $2.9M pre-tax asset impairment charge on the Registered Traveler program, led to the loss…
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Congress Updates
Senators Push Navy Against Single Destroyer Request In FY ’27
The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]
Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition
The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]
Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections
The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]
Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase
The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]
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