:

Homeland Security

Implant, OSI Systems Settle Dispute; Reach New Agreement

DDN

Wednesday, January 23rd, 2008

SHARE:

Implant Sciences [IMX] and OSI Systems [OSIS] have resolved a legal dispute between the two firms over an agreement in 2005 for development, distribution, and manufacturing. Under the resolution, the companies have rescinded the previous agreement and entered into a new non-exclusive distribution agreement that calls for OSI's Rapiscan Security Systems division to sell Implant Sciences' security products worldwide. Terms of the settlement also call for Implant to pay OSI $200,000 in the form of its common stock. The agreement…

Congress

Baldwin Concerned With Army’s JLTV ‘Mismanagement,’ Seeks Support For Marines’ Procurement Plans

Sen. Tammy Baldwin (D-Wis.) has raised concerns with the “Army’s mismanagement” of the Joint Light Tactical Vehicle (JLTV) program, and is seeking assurance that the Marine Corps can be supported […]

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]