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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…

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

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Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

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House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]