Latest news with #FiscalYear2024
American Military News
2 days ago
- Business
- American Military News
$832 billion defense bill passed by the House
The U.S. House of Representatives passed the Department of Defense Appropriations Act early Friday morning. The bill would allocate approximately $832 billion in defense funds for Fiscal year 2026 and would include a 3.8% pay increase for military members. According to The New York Post, the House approved the Department of Defense Appropriations Act in a 221-209 vote on Friday. The outlet noted that only five Democrats voted in support of the bill, while every Republican representative supported the bill except Rep. Thomas Massie (R-Ky.), Rep. Marjorie Taylor Greene (R-Ga.), and Rep. Tim Burchett (R-Tenn.). 'Providing our men and women in uniform with the resources they need to keep America safe is one of the most important constitutional responsibilities of Congress. The passage of the FY26 Defense Appropriations Act advances our national security goals by investing in the platforms and programs that enhance America's military dominance,' Defense Subcommittee Chairman Ken Calvert (R-Calif.) said in a Friday press release. Calvert added, 'The bill makes innovation a priority by expanding programs I have championed that rapidly deploy cutting-edge, difference making systems into the hands of our warfighters. Our troops are the backbone of our national security and receive a well-deserved pay raise in this bill.' READ MORE: New defense tech company reveals major power development The New York Post reported that the House's Department of Defense Appropriations Act includes a 3.8% pay increase for National Guard troops, active-duty military members, and reserve military members. According to Federal News Network, the bill also includes a 60% increase in the military's family separation allowance. Federal News Network reported that the House's Department of Defense Appropriations Act would increase the military's separation allowance to $400 each month for U.S. service members. The outlet noted that while Fiscal Year 2024's defense bill previously authorized the Department of Defense to increase pay for military members who are involuntarily separated from dependents from $250 per month to $400 per month, the Pentagon has not yet increased the pay. In a statement following the House Armed Services Committee's approval of the bill ahead of the full House vote on the legislation, House Armed Services Committee Chairman Mike Rogers (R-Ala.) explained that it has 'never been more important to have a ready, lethal, and capable fighting force' then at a time when the United States facing 'rapidly evolving' and 'complex' threats across the globe. 'Equipping an innovative and agile military requires an efficient and streamlined acquisition process,' Rogers added. 'The FY26 NDAA supports modernization and fundamentally reforms defense acquisition by cutting red tape, eliminating bureaucratic hurdles, and encouraging innovation.'
Business Wire
22-04-2025
- Business
- Business Wire
Donaldson Company Releases Fiscal Year 2024 Sustainability Report
MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE:DCI), a leading worldwide manufacturer of innovative filtration products and solutions, today published its Fiscal Year 2024 Sustainability Report. The report details progress against the Company's 2030 Sustainability Ambitions and outlines actions taken to reduce environmental impact, enhance employee safety, and invest in communities—efforts that support long-term business resiliency and customer alignment. 'Our sustainability strategy—Filtration for a Thriving Future—is tightly integrated with how we drive innovation, serve customers, and manage risk,' said Tod Carpenter, chairman, president and chief executive officer. 'Fiscal 2024 was marked by tangible progress, with continued execution of initiatives that create value for our stakeholders and position Donaldson for long-term growth.' Key Progress in Fiscal Year 2024 Business Advantage Through Sustainability The report also outlines how Donaldson's sustainability efforts are enabling the company to: Reduce energy and material costs through operational efficiency and waste reduction Enhance supply chain competitiveness through renewable energy sourcing and emissions transparency Strengthen customer relationships, particularly with OEMs and multinationals seeking lower-carbon, circular solutions Maintain a strong reputation among institutional investors, regulators, and rating agencies New in Fiscal Year 2024 The introduction of an ambition to reduce landfill waste from operations and/or increase recycling, reuse, and material optimization, targeting a total impact of 3,200 metric tons (40% of FY24 landfill waste) Completion of 134 energy efficiency projects across global operations Advancement of a large-scale solar Virtual Power Purchase Agreement (VPPA) with partners to support U.S. electricity demand decarbonization To access Donaldson's Fiscal Year 2024 Sustainability Report, visit Statements in this release regarding future events and expectations, such as forecasts, plans, trends and projections relating to the Company's business and financial performance, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are identified by words or phrases such as 'will likely result,' 'are expected to,' 'will continue,' 'will allow,' 'estimate,' 'project,' 'believe,' 'expect,' 'anticipate,' 'forecast,' 'plan' and similar expressions. These forward-looking statements speak only as of the date such statements are made and are subject to risks and uncertainties that could affect the Company's performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed. These factors include, but are not limited to, challenges in global operations; impacts of global economic, industrial and political conditions on product demand; impacts from unexpected events, including natural disasters; effects of unavailable raw materials or material cost inflation; inability to attract and retain qualified personnel; inability to meet customer demand; inability to maintain competitive advantages; threats from disruptive technologies; effects of highly competitive markets with pricing pressure; exposure to customer concentration in certain cyclical industries; inability to manage productivity improvements; inability to achieve commitments to ESG; results of execution of any acquisition, divestiture and other strategic transactions; vulnerabilities associated with information technology systems and security; inability to protect and enforce intellectual property rights; costs associated with governmental laws and regulations; impacts of foreign currency fluctuations; and effects of changes in capital and credit markets. These and other factors are described in Part I, Item 1A, 'Risk Factors' of the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2023. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law. The results presented herein are preliminary, unaudited and subject to revision until the Company files its results with the United States Securities and Exchange Commission on Form 10-Q. About Donaldson Company, Inc. Founded in 1915, Donaldson (NYSE: DCI) is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Diverse, skilled employees at over 140 locations on six continents partner with customers––from small business owners to R&D organizations and the world's biggest OEM brands. Donaldson solves complex filtration challenges through three primary segments: Mobile Solutions, Industrial Solutions and Life Sciences. Additional information is available at
