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Imaging Systems Firm Axsys Exploring Sale

By Calvin Biesecker Axsys Technologies [AXYS] on Wednesday confirmed it is mulling a possible sale of the company due to a drop in its stock price and subsequent interest in an acquisition by strategic buyers. After peaking near $74 per share last August, Axsys' stock price bottomed out earlier this month at just under $25 per share. Since then, the share price has advanced aggressively in short order, climbing to $40.80 at yesterday's close, up $4.53 or over 12 percent…

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Congress Updates

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]


MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]


HASC Wants Info On Army’s Plans To Pursue Autonomous Aerial Delivery, Surface Vessels For Logistics

The House Armed Services Committee (HASC) added several measures to its version of the next defense policy bill seeking more details from the Army on efforts to develop future logistics […]


McConnell: “Safe To Conclude There Will Not Be A Third Reconciliation Bill”

Two top GOP senators on the Senate Appropriations Committee are opposing a third reconciliation bill. The Trump administration’s total $1.5 trillion fiscal year 2027 defense request is split between $1.15 […]