OSI Systems [OSIS] 1Q15 1Q14 Sales $218.4M $206.3M Net Inc. $11.2M, 0.55 $6.4, 0.31 The 6% increase in sales and 75% boom in earnings to a new record were driven primarily by results at the Rapiscan Systems security division and to a lesser degree the Healthcare division, which swung to a small operating profit. Sales at Rapiscan increased 17% to $113.4 million while operating profit increased 49% to $17.3 million on the strength of a multiple cargo and vehicle inspection…
Congress Updates
Army Taking ‘More Refined’ Approach On Push For Right To Repair Reforms, Obadal Says
After lawmakers decided against including major “right to repair” reforms in the latest defense policy bill, a senior Army official has said the service is continuing its push for authorities […]
Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says
A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]
Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities
The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]
Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons
Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]
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