Aerospace Group:

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…

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 […]

Congress

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

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 […]

Congress

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 […]