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Business/Financial

SRA’s Sales, Earnings Up On Acquisitions, Improved Margins

DDN

Thursday, May 8th, 2008

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SRA International [SRX] on Tuesday reported higher third quarter earnings and sales driven primarily from acquisitions and the company reduced its revenue guidance for the year. Net income increased 20 percent to $18 million, 30 cents earnings per share (EPS), from $15 million (26 cents EPS) a year ago, a penny below consensus estimates. Operating margins increased 70 basis points to 7.9 percent in part due to a reduction in low-margin rebillables. Sales increased 18 percent to $376 million from…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]