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ICx Stock Price Struggles on Big Fourth Quarter Earnings Miss

Reporting for the first time as a public company, ICx Technologies [ICXT] last week posted a smaller net loss and higher sales in its fourth quarter but the loss was worse than expected, causing investors to chuck their shares of the company's stock, which tumbled a combined 33 percent on Friday and Monday. Investors may have oversold somewhat as the company's stock price regrouped on Tuesday and in early trading near our deadline had gained back over 10 percent of…

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Congress Updates

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]


Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]


Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]


Trump Signs Spending Package With $839 Billion Defense Bill, Ending Partial Shutdown

President Donald Trump on Tuesday signed a spending package to end the partial government shutdown that temporarily impacted the Pentagon, with the legislation having included the final $839 billion fiscal […]