Latest news with #ContinuingResolution
Yahoo
28-05-2025
- Business
- Yahoo
Amaero Provides Update to Financial Guidance, Largely Reaffirming Expectations
~ Revenue to Accelerate in Current Quarter with a Continuation of Growth into FY 2026 ~ ~ Company Expects to be EBITDA Positive in FY 2027 ~ MCDONALD, Tenn., May 28, 2025 (GLOBE NEWSWIRE) -- Amaero Ltd (ASX:3DA) (OTCQB: AMROF) ('Amaero' or the 'Company'), a leading U.S. domestic producer of high-value C103, refractory alloy, and titanium powders for additive and advanced manufacturing of components utilized by the defense, space, and aviation industries, provided an update to its financial outlook, largely reaffirming the Company's expectations. The Company now expects to achieve positive EBITDA in FY2027. In August of 2024, the Company estimated that it would achieve EBITDA breakeven in FY2026. The Company reaffirms that the planned capital investments for the 3-year period ending FY2026 is unchanged at an estimated A$72 million. In August of 2024, the Company estimated that the planned capital investments for the 3-year period of FY2024-FY2026 to equal approximately A$72 million. The Company reaffirms that following the A$36 million Export-Import Bank (EXIM) equipment financing and the A$22 million Placement, it is fully funded. In February of 2025, the Company stated that it was fully funded following the A$22 million Placement. The Company reaffirms that revenue growth is expected to accelerate in the current quarter and that revenue is expected to significantly scale in FY2026. Earlier this year, in April, the Company stated that it was positioned to transition to commercialization in FY2026, that revenue growth was expected to accelerate in the current quarter (4Q FY2025) and that revenue was expected to significantly scale in FY2026. The extended Continuing Resolution (CR) for the FY2025 congressional United States budget and the Department of Defense programs paused 'new starts' and 're-starts' has contributed to a delay in revenue and new contracts. Additionally, various hypersonic programs have advanced more slowly through research, development, testing, and evaluation (RDT&E). An updated Fairmont Consulting study estimates demand for C103 powder at approximately 93 tonnes in FY2030 versus an earlier estimate of 105 tonnes in FY2028 from February 8th, 2024. Hank J. Holland, Amaero's Chairman and CEO, commented, 'Though there is noise and volatility resulting from the United States' federal FY2025 budget and the Trump Administration's tariff and trade policy, the priority policy initiatives are explicitly aimed at re-shoring and scaling sovereign defense, manufacturing and supply chain capabilities, re-setting global trade imbalances and forcing government fiscal discipline. Amaero's mission and corporate strategy has been based on 'demand pull' and explicitly addresses critical gaps in the U.S. domestic supply chain, including production of refractory and titanium alloy spherical powder for additive manufacturing and PM-HIP manufacturing of near-net-shape parts. The team is focused on where we need to be one year and three years from now. As multinational companies seek to re-locate manufacturing and integrated supply chains to the U.S., we are two years ahead having begun re-locating Amaero to the manufacturing heartland of the United States in July 2023.' The Company has a robust and growing pipeline of long-term agreements and commercial contracts. The Company expects revenue growth to accelerate in the current quarter and a continuation of accelerated revenue growth into FY2026. About Amaero Amaero Ltd (ASX:3DA) (OTCQB:AMROF) is an ASX-listed company with manufacturing and corporate headquarters located in Tennessee, U.S. Amaero is a leading U.S. domestic producer of high-value refractory and titanium alloy powders for additive and advanced manufacturing of components utilised by the defense, space, and aviation industries. The technical and manufacturing team brings decades of experience and know-how with pioneering work in gas atomization of refractory and titanium alloys. The Company has commissioned advanced gas atomization technology with an industry leading yield of AM powder. The Company is also a leader in PM-HIP (Powder Metallurgy Hot Isostatic Pressing) manufacturing of large, near-net-shape powder parts with forged-equivalent material properties and microstructure for a variety of alloys. PM-HIP manufacturing is helping alleviate the strained domestic supply chain for large scale castings and forgings. This announcement has been authorised for release by the Board of Directors. For further information, please contact: Amaero Ltd Hank J. Holland Chairman and CEO Media & Investor Enquiries in Australia Jane Morgan Director jm@ Media & Investor Enquiries in United States Shannon Devine MZ Group amaero@
Yahoo
02-04-2025
- Business
- Yahoo
CMS parents to weigh in on proposed budget
CHARLOTTE, N.C. (QUEEN CITY NEWS) – Charlotte-Mecklenburg School leaders will hold two public engagement sessions Wednesday about the for the 2025-2026 school year. District officials will hold a at 1 p.m. An in-person session is set for 6 p.m. at J.M. Alexander Middle School on Tuesday evening. The funding package would provide raises for teachers, approximately $8 million for an average of a 5% increase. It also includes a 3% increase assumption for all staff based on indications from state lawmakers. Superintendent Dr. Crystal Hill said it would be a 'tight' budget cycle but would focus on maintaining the quality of education, according to an open letter signed by Hill and Board of Education Chair Stephanie Sneed. 'We have reduced or eliminated funding for programs and expenses that have less direct impact on student outcomes or district goals to free up resources for initiatives with stronger alignment and measurable results. Additionally, we are closely monitoring news about potential federal funding cuts, which pose significant risks to vital programs that directly support CMS students and staff,' they wrote. The proposed budget for FY2026 is a roughly 1% increase from the current operating budget. CMS board passes budget that increases teacher pay, invests in facilities The main sources of funding would come from Mecklenburg County (34%), the state (55%) and federal funding (6%). Sneed and other board members reached out to local U.S. Representatives to express concern over outlined in the Continuing Resolution the House of Representatives passed. The upcoming year will be the first since 2020 without pandemic-related relief funds for schools. The CMS Board of Education will vote on the budget on April 22. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
25-03-2025
- Politics
- Yahoo
Public broadcasting funding cuts could impact Baton Rouge's WRKF
BATON ROUGE, La. (Louisiana First) — Federal funding cuts threaten to impact public broadcasting nationwide, including Baton Rouge's WRKF, a non-commercial public FM radio station that has served the community for more than 40 years. General Manager Paul Maassen said WRKF receives approximately 8% of its budget—around $150,000 annually—from the Corporation for Public Broadcasting (CPB). This money is primarily allocated to local programming. 'It enables us to hire people. It enables us to buy equipment,' Maassen said. According to Maassen's March 17 letter to listeners, WRKF's funding primarily comes from donations and local business support. However, CPB funding remains critical for the station's ability to provide 'trusted local and national journalism, cultural programs, and vital emergency alert messaging' to South Louisiana. Several developments have heightened concerns over the future of public broadcasting: Sen. John Kennedy (R-LA) introduced the 'No Propaganda Act' last month, which would eliminate federal funding for NPR and PBS. During his speech on the Senate floor, Kennedy accused NPR of having an ideological, 'left-of-center' bias. FCC Commissioner Brendan Carr announced an investigation into NPR and PBS underwriting. Rep. Marjorie Taylor Greene (R-GA) called for a congressional hearing on NPR and PBS funding. The Department of Defense recently revoked NPR's Pentagon press office access. 'They can go exist on their own if they want to, but I do want to defund them,' Kennedy said. Maassen emphasized that most of WRKF's programming is locally produced, not directly tied to NPR's national content. However, he noted that eliminating CPB funding would significantly harm local programming, which he described as 'the most expensive thing we produce.' 'We're constantly adjusting how we operate and what we do,' he said. Trump turns up the heat on public broadcasters While some lawmakers claim NPR promotes a particular agenda, media bias charts from Ad Fontes Media and AllSides offer a more nuanced perspective: Ad Fontes Media's Bias Chart rates NPR's website in the 'Middle' category of bias, with its content considered 'Reliable, Analysis/Fact Reporting.' AllSides Media Bias Company scores NPR's Opinion section as 'Lean Left' but maintains that NPR's news coverage remains mostly unbiased. Some news earlier this month could be a sigh of relief for public broadcasting in the short term. Congress recently approved a Continuing Resolution that provides $535 million in CPB funding for 2027, according to CPB CEO Patricia Harrison. In a press release, Harrison said the funding will allow CPB to 'continue to prioritize educational content and resources for families, provide essential local reporting and public safety information, and pursue technology advancements that enhance public media's connection with audiences across multiple platforms.' Maassen said he hopes the funding approval indicates continued federal support for public broadcasting, allowing WRKF to provide quality radio for the next four decades. 'CPB funding is one of those vital tools that helps us be able to do that,' he [Listener], Many listeners have asked how recent efforts to cut federal funding for public radio might affect WRKF. The Corporation for Public Broadcasting (CPB) distributes most of this funding and helps stations like ours with operations, programming, and infrastructure. While WRKF relies primarily on support from listeners and local businesses, CPB funding—8% of our budget—provides essential backing for the free, trusted local and national journalism, cultural programs, and vital emergency alert messaging that serve South Louisiana. In recent weeks, several key developments have put federal support for public radio in question: Sen. John Kennedy proposed a bill to eliminate public radio and TV funding. FCC Chairman Brendan Carr launched an investigation into NPR and PBS underwriting. The Department of Defense revoked NPR's Pentagon press office access. Rep. Marjorie Taylor Greene called for a congressional hearing on NPR and PBS funding. These challenges highlight the importance of a strong strong public radio system sustained by both federal and local funding. Your support is essential. Public radio has never been more vital–or more vulnerable. We'll continue to keep you informed as this situation unfolds. You can learn more about legislative efforts and policy developments that could impact NPR, PBS, and local stations like WRKF at Protect My Public Media. If you have any questions, please get in touch with me at paul@ or (225) 926-3050, extension 122. Thank you for being part of the WRKF community. Sincerely, Paul MaassenGeneral Manager, WRKF Public Radio Ascension Parish voters to decide on pay rule for local officials in March election Denham Springs theater sells tickets for dinner and a show Country Music Hall of Fame announces 2025 inductees Hyundai to build $5.8 billion first North American steel plant in Louisiana, creating 5,400 jobs Top House Democrat calls for Hegseth to resign: 'Endangered lives of American troops' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
23-03-2025
- Business
- Yahoo
Schumer says he is not stepping down after shutdown vote pushback
Video above: House Democratic Leader Hakeem Jeffries met with Senate Democratic Leader Chuck Schumer in Brooklyn, days after Congress avoided a government shutdown in early March 2025. (The Hill) — Senate Minority Leader Chuck Schumer (D-N.Y.) said he will not step down from his position amid calls for him to do so after voting to advance a GOP-crafted funding bill. During an interview on NBC's 'Meet The Press,' Schumer confirmed that he would not be stepping down from his position as Senate minority leader, noting that he expected 'a lot of controversy' for his vote to advance the House Republican-drafted funding bill, which helped avoid a government shutdown. However, Schumer said that while the Continuing Resolution (CR) was 'certainly bad,' he argued a shutdown 'would be 15 or 20 times worse.' 'Under a shutdown, the Executive Branch has sole power to determine what is, quote, 'essential,'' he said. 'And they can determine without any court supervision. The courts have ruled it's solely up to the executive what to shut down.' GOP heads into key stretch for ambitious Trump tax cut plan Schumer said leaders like President Donald Trump, Elon Musk, and OMB Director Russell Vought would 'eviscerate the federal government.' 'Here's what makes it worse. There's no off-ramp,' he added. 'Who determines how long the shutdown would last? Only those evil people at the top of the Executive Branch in the Trump administration.' Schumer has come under intense fire following his vote to advance the bill, with some critics calling for him to step down from his position, citing a lack of a clear strategy. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
23-03-2025
- Politics
- Yahoo
Schumer says he is not stepping down after CR vote pushback
Senate Minority Leader Chuck Schumer (D-N.Y.) said he will not step down from his position amid calls for him to do so after voting to advance a GOP-crafted funding bill. During an interview on NBC's 'Meet The Press,' Schumer confirmed that he would not be stepping down from his position as Senate minority leader, noting that he expected 'a lot of controversy' for his vote to advance the House Republican-drafted funding bill, which helped avoid a government shutdown. However, Schumer said that while the Continuing Resolution (CR) was 'certainly bad,' he argued a shutdown 'would be 15 or 20 times worse.' 'Under a shutdown, the Executive Branch has sole power to determine what is, quote, 'essential,'' he said. 'And they can determine without any court supervision. The courts have ruled it's solely up to the executive what to shut down.' Schumer said leaders like President Trump, Elon Musk and OMB Director Russell Vought would 'eviscerate the federal government.' 'Here's what makes it worse. There's no off-ramp,' he added. 'Who determines how long the shutdown would last? Only those evil people at the top of the Executive Branch in the Trump administration.' Schumer has come under intense fire following his vote to advance the bill, with some critics calling for him to step down from his position, citing a lack of a clear strategy. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
