SRA International [SRX] yesterday reported higher second quarter earnings and sales, which were driven largely by acquisitions. Net income increased 8 percent to $18 million, 30 cents earnings per share (EPS), compared to $16.7 million (29 cents EPS), a year ago, nipping consensus estimates by a penny. A year ago the sale of a business unit boosted earnings by $3.7 million. Sales in the quarter were $352.3 million, a 19 percent increase from $299 million a year ago. Organic growth…
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Congress Updates
Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters
Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]
HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase
NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]
Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”
Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]
Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says
The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]