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Earnings News & Notes

OSI Systems [OSIS]                                     2Q13               2Q12               Sales                            $194M             $188M Net Inc.                       $12.4M, 0.60   $12.3M, 0.61 Net income edged up less than a percent on a 3% increase in sales, which were a new quarterly record, but the results were hindered by a $2.7 million (0.10 EPS) charge related to the recent termination by the Transportation Security Administration (TSA) of the company’s contract to develop automated threat recognition software for its body imagers that the agency has already deployed at…

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Congress Updates

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]


White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

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House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]


Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]