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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…

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]