Aerospace Group:

Leidos Takes $14M Charge Related to Reveal Acquisition

By Cal Biesecker

Tuesday, December 16th, 2014

SHARE:

Leidos [LDOS] says it took a $14 million non-cash charge in its third quarter related to its acquisition of explosives detection systems (EDS) manufacturer Reveal Imaging three years ago and because of an announcement by the Transportation Security Administration (TSA) in late October that it plans to buy fewer EDS systems over the next few years for checked baggage screening than expected. In addition to weakness with its Reveal product line in the quarter, the company’s security business was hit…

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]