OSI Systems Inc. fell as much as 40 percent, the biggest intraday drop ever, after lawmakers said the company may face a ban on U.S. contracts for using unapproved Chinese-made parts in baggage-screening equipment.
The Transportation Security Administration will have to consult with industry groups on decisions like its short-lived move to end the ban on knives aboard airplanes, under a bill the House advanced today.
Arming U.S. passenger aircraft to deter shoulder-fired missiles may cost $43.3 billion over 20 years, the Homeland Security Department says in an unpublished report that may reignite debate about the vulnerability of planes to terrorists.
The U.S. Transportation Security Administration will let people carry small pocketknives onto passenger planes for the first time since the Sept. 11 terrorist attacks, along with golf clubs, hockey sticks and plastic Wiffle Ball-style bats.
An increase in U.S. airline security fees is among “strong possibilities” being considered to pay for higher costs of detecting terrorist threats, the Transportation Security Administration chief said.
U.S. travelers will be chosen on a case-by-case basis to use expedited-screening lines at airports without having to provide more personal information than they now give airlines, the Transportation Security Administration said.
Tension at U.S. airports between security and privacy may peak Nov. 24, one of the year’s busiest travel days, with a protest over growing use of full-body X-rays and of extensive pat-downs for those who reject the scans.
Alarms sounded in the cockpits of a Continental Airlines Inc. plane carrying 100 people and a Gulfstream II business jet, warning the pilots that they were headed for a collision more than 24,000 feet over Maryland.