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Earnings News and Notes

American Science and Engineering [ASEI] 2Q11 2Q10 Sales $80.6M $61.2M Net Inc. $14.7M, 1.59 $10.7M, 1.18 Record sales and per share earnings were bolstered by growth in all business areas and continued process improvements, driven by a doubling of sales in the cargo inspection products to $20.9M. Sales of Z Backscatter Vans (ZBV) and ZBV Military Trailers increased 21% to $34.2M, with Field Service up 13% to $23.1M, parcel and people screening up 23% to $1.4M and contract research and…

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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 […]