INVN--stats & news...
Selected highlights, boldface is mine.
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finance.yahoo.com
>>>9:02AM InVision cut to Underperform from Outperform at SG Cowen (INVN) 23.30: SG Cowen has confirmed that the EDS equipment budget is only $175 mln, well below firm's previous expectation of $400 mln. Leads firm to cut 2003 est to $2.55 from $3.35 and slash 2004 est to $1.00 from $3.00.<<<
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InVision Tech:
invision-tech.com
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tsa.gov
>>>Congress approved direction and deadlines and resources. $738 million was appropriated for the physical modification and installation of checked baggage explosive detection systems.
This just gives you a feel from Fiscal Year '02 to the carryover that represented into '03 the total obligation of $738 million. We obligated $184 million in FY02, another $200 million to date in FY03, with $350 million more to go to deal with the rest of the installation challenge that we still have at a small number but a very small -- a small number of very large and challenging airports. This chart shows the obligations to date.
The available balance for FY03 will enable us to complete the EDS/ETD installation work at the small number of airports still using alternative methods to reach 100 percent bag checks. Other FY03 work will be required to provide added coverage as seasonal peaks arrive in late spring and on into the summer. Any equipment or adds as we optimize the flow among airports.<<<
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bloomberg.com
>>>In testimony before the U.S. Senate's Aviation Subcommittee earlier this month, officials from the U.S. Transportation Security Agency said the $354 million remaining from the fiscal year 2003 budget, which began Oct. 1, would be sufficient to provide explosive detectors to the remaining U.S. airports in need of them, Stallard said. InVision and L-3 shared orders worth around $1 billion in 2002, he said. <<<
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whitehouse.gov
>>>Funding Highlights for 2004
From 2002 to 2004, resources for the agencies and programs moving into DHS grew by more than 60 percent to $36.2 billion. During the same period, nearly 61,000 staff were added to protect the homeland. Highlights for 2004 include:
...About $500 million to assess the nation’s critical infrastructure (e.g., nuclear power plants, water facilities, telecommunications networks, and transportation systems) and to work to ensure that vulnerabilities are addressed;
...$350 million in new funding for vigorous research, development, test, and evaluation capabilities that have not existed for homeland security specific projects, such as nuclear and bioterrorism detection technologies;
...$373 million for border security and trade initiatives including technology investments along the border such as radiation detection and x-ray machines for inspecting cargo containers; and
...$3.5 billion for the Office of Domestic Preparedness to ensure that first responders are properly trained and equipped, of which $500 million is for assistance to firefighters, particularly for terrorist preparedness, and $500 million is for state and local law enforcement anti-terrorism activities.<<< |
