American Science & Engineering [ASEI] 1Q15 1Q14 Sales $35.5M $43.1M Net Inc. $1.5M, 0.18 $4.9M, 0.62 The top line fell 18% due primarily to lower sales from services and cargo scanning systems, which were partially offset by an increase in revenue from the company’s Z Backscatter Van mobile cargo systems. Service revenues were down due to the switch to a subcontractor role in war zone operations. Company officials say that sales and bookings were hampered by ongoing violence in…
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Congress Updates
In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms
The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]
Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation
Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]
SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts
Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]
Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain
Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]
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