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TSA Ends Support of Rapiscan’s AIT Threat Recognition Software; Company Expects RTT Bookings by July

Defense Daily Staff

Wednesday, January 30th, 2013

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OSI Systems [OSIS] took a $2.7 million charge in its fiscal second quarter related to a decision by the Transportation Security Administration (TSA) to discontinue development funding for Automated Target Recognition (ATR) software for the company’s body scanners., a move that also resulted in the company de-booking $5 million from its backlog. Despite the impact to its financial results, the company somewhat downplayed the fact that it appears to be out of the TSA’s market for the body scanners, which…

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 […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]