American Science & Engineering [ASEI] 2Q08 2Q07 Sales $37.6M $29.6M Net Inc. ($4.5M, $0.48) ($4.8M, $0.49) Despite a 27% jump in sales, profits fell due to lower gross margins on product mix, new product development costs and an 81% increase in research and development spending. Part of the reason for the profit decline stems from difficulties in site construction and installation of three cargo inspection systems. The company has only sold a few of the systems and has undertaken…
Congress Updates
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 […]
House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense
House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]
Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns
Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]
Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost
Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]