Aerospace Group:

SAIC Takes $30M Charge Related to Reveal Acquisition

Defense Daily Staff

Wednesday, September 11th, 2013

SHARE:

Science Applications International Corp. [SAI] took a $30 million non-cash impairment charge in its second quarter fiscal year 2014 results due to fewer orders than expected for checked baggage screening systems at the company’s security products business. The charge is directly related to SAIC’s acquisition of Reveal Imaging Technologies in Aug. 2010, a business unit of the company that makes various computed tomography-based X-Ray screening systems used at airports in the U.S. and globally to screen checked baggage. Stuart Shea,…

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]

Pentagon

Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities

The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]

Congress

Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons

Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]