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Earnings News & Notes

Implant Sciences [IMSC] 2Q14               2Q13               Sales                            $3.2M              $6.9M Net Inc.                       ($4.4M, 0.07)  ($3.7M, 0.8) Sales fell 55% due mainly to fewer shipments of QS-H150 handheld explosive trace detectors. A year ago the company delivered a large shipment to India under a defense contract. Sales were also lower for parts and supplies in the quarter while sales of the QS-B220 desktop ETD were higher on increased shipments to U.S. air cargo screening facilities and Latin America. Handheld units accounted for…

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Congress Updates

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]


SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]


House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]


MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]