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Category: Law and Justice

  • MIL-OSI Global: A federal policy expert weighs in on Trump’s efforts to stifle gender-affirming care for Americans under 19

    Source: The Conversation – USA – By Elana Redfield, Federal Policy Director at the Williams Institute, University of California, Los Angeles

    President Donald Trump signs an executive order in the Oval Office of the White House on Jan. 23, 2025. AP Photo/Ben Curtis

    Amid a flurry of executive orders affecting transgender Americans, the Trump administration ordered restrictions on gender-affirming care for minors. Calling it “a stain on our Nation’s history,” the Jan. 28, 2025, order seeks to “end” this form of treatment for Americans under 19 years old.

    The Conversation U.S. interviewed Elana Redfield, federal policy director at the Williams Institute, an independent research center at the UCLA School of Law dedicated to studying sexual orientation and gender identity law. She describes the aims of the executive order, how much weight it carries, and how it should be understood in the broader context of legal battles over access to gender-affirming care.

    What’s the scope of the executive order?

    Twenty-six states have already restricted gender-affirming care for minors or banned it outright. So the order seeks to extend restrictions to the rest of the country using the weight of the executive branch.

    However, it’s not a national ban on gender-affirming care for minors. Instead, it’s directing federal agencies to regulate and restrict this form of care.

    That being said, federal agencies have a tremendous impact on American life. Trans kids rely on publicly funded health insurance programs such as Medicaid and TRICARE, which is administered to the children of active duty service members via the Department of Defense. And a big part of the executive order is directing the federal agencies that administer these programs to review their own policies to ensure that they are not supporting gender-affirming care for minors.

    So what we’re really seeing is the federal government trying to erect barriers to kids accessing this care.

    Does the executive branch have the authority to unilaterally ban federal funding of certain medical treatments?

    The answer is a little mixed. A president might be able to suspend or put a temporary pause on funding a particular type of treatment or service. But the actual parameters of a program – and how agencies should implement them – are determined by Congress and, to some extent, by the courts.

    Ultimately, the president can only take actions in ways that are designated by the Constitution, or through some specific power that Congress has granted to the executive branch. I don’t see that authority granted for a lot of what’s contained in this executive order. But many of these directives will probably be litigated in court, where the president will likely argue that he has the power to direct agencies to do all they can to put a halt to gender-affirming care for minors.

    Do private health insurers fall outside the scope of this executive order?

    On the surface, yes. But it’s easy to see how directives from the executive branch can touch broader components of the country’s health care system, including private hospitals and private health insurance.

    For example, Section 1557 of the Affordable Care Act is a nondiscrimination provision. It says there can be no sex discrimination when it comes to approving health care treatments. This has been interpreted to mean that health insurance plans receiving federal funding cannot deny a policyholder gender-affirming care. However, this interpretation has been blocked by a federal court.

    The question of whether this definition of sex discrimination encompasses gender identity is currently playing out in the courts. For example, there’s a pending U.S. Supreme Court decision regarding a Tennessee law banning gender-affirming care for minors. Should the Supreme Court determine that Tennessee is able to ban gender-affirming care for minors, it’s possible to see how this could impact private health insurance coverage for gender-affirming care.

    Transgender rights supporters and opponents rally outside of the U.S. Supreme Court as the high court hears arguments in a case about Tennessee’s law banning gender-affirming care for minors on Dec. 4, 2024.
    Kevin Dietsch/Getty Images

    What else stood out to you from the executive order?

    The executive order directs the Department of Justice to discourage doctors and hospitals from administering gender-affirming care to minors, characterizing it as genital mutilation, which is a heinous-sounding offense. Even though this is an inaccurate comparison, it could have a chilling effect even in states where this form of care is legal.

    The order also contains a provision that asks Congress to extend the statute of limitations for gender-affirming care, so that someone who received gender-affirming care as a minor and decides they’re not happy with it decades later can sue their doctor. Some states have already extended the statute of limitations to 30 years for gender-affirming care.

    Again, this could have a chilling effect in states where the care is legal. What doctor or hospital would want to expose themselves to this risk?

    Of course, these two elements constitute directives from the executive branch, but we don’t know how they’ll be enforced. They do reveal, however, some of the ways in which the administration plans to direct its efforts.

    Before Roe v. Wade was overturned, federal funding of elective abortion had been restricted for decades under the Hyde Amendment. You can’t receive coverage for an abortion under a Medicaid plan, for example. Do you see this executive order as Trump trying to simply enact – via fiat, of course – his own version of the Hyde Amendment, but instead applied to gender-affirming care for minors?

    I think there’s a key difference between the two. The Hyde Amendment, which has been repeatedly reenacted by Congress, prohibits federal funding of abortion care, but it doesn’t prohibit states from allowing or permitting abortion. It’s always operated as a sort of compromise: It says providers can’t use federal funding for an abortion, but they can use their own funding to administer abortions – and oh, by the way, they can still receive federal funding for other health services.

    This executive order, on the other hand, takes a much more uncompromising position: It tells agency heads to stop directing any and all federal funds to institutions that research or provide gender-affirming care.

    Again, it’s important to remember that executive orders aren’t established policy. They’re simply directing agencies to craft certain policies and encouraging lawmakers to enact legislation.

    So far, much of the legislation restricting gender-affirming care – whether it’s at the state level or in the executive branch – has centered on minors, or individuals under 19. Are there any threats to gender-affirming care for adults?

    Only one state, Florida, has enacted a law that specifically regulates gender-affirming care for adults. That law basically sets some compliance standards and restricts who can prescribe the care. Florida also banned the use of state funds for gender-affirming care for everyone, adults and children. So that means, for example, those who are incarcerated in state prisons can’t receive gender-affirming care.

    Florida isn’t the only state that has enacted a state funding ban. Depending on your insurance, this could mean you’re forced to pay out of pocket for your procedures and treatment, which can be prohibitively expensive.

    What are you going to be watching for in the coming weeks?

    I’m sure someone’s going to sue to challenge the order. The problem, though, is that an executive order is an expression of policy ideas. You need something to actually happen before lawyers and activists can react to it. So I’ll be tracking federal agencies to see how they specifically try to enact some of these directives.

    Is there anything else you’d like to add?

    This executive order contains language that characterizes the science around gender-affirming care as junk science. It’s repeatedly described as chemical and surgical mutilation, or as maiming and sterilizing kids. There’s talk of rapid-onset gender dysphoria, which has been discredited.

    So it rejects the idea that gender-affirming care has health benefits, even though there’s robust, extensive evidence supporting access to gender-affirming care. Self-reporting by transgender individuals is overwhelmingly positive: 98% of trans people who had hormone therapy said it made their lives better, according to the 2022 U.S. Transgender Survey.

    There are also rigorous standards of practice, including for how you support and treat minors, that are intended to prevent overprescription or overutilization of services.

    In other words, there are already barriers in place and checks and balances for minors if they want to access gender-affirming care.

    Elana Redfield works at an organization that has received private, state or federal research grants.

    – ref. A federal policy expert weighs in on Trump’s efforts to stifle gender-affirming care for Americans under 19 – https://theconversation.com/a-federal-policy-expert-weighs-in-on-trumps-efforts-to-stifle-gender-affirming-care-for-americans-under-19-248646

    MIL OSI – Global Reports –

  • MIL-OSI Asia-Pac: FEHD arrests unlicensed hawkers for selling cable car ticket redemption vouchers

    Source: Hong Kong Government special administrative region

         In response to the illegal hawking without licence of cable car tickets in Tung Chung, the Food and Environmental Hygiene Department (FEHD) and the Lantau North Division of the Hong Kong Police Force conducted a joint operation against illegal hawking without licence at Mei Tung Street, Tung Chung today (January 30). During the operation, the police officers disguised as customers to gather evidence at the stalls located at the mentioned address. It was discovered that a man and a woman were selling Ngong Ping 360 cable car tickets. FEHD officers promptly intervened, arresting and charging the above-mentioned persons for illegal hawking without licence and causing obstruction in public place.

         The arrested persons were a 49-year-old man and a 21-year-old woman (both holding Hong Kong identity cards). During the operation, FEHD officers seized items such as cable car ticket redemption vouchers, price tags, metal folding tables and Octopus Mobile POS (point of sale).

         The FEHD reminds that according to the Public Health and Municipal Services Ordinance (Cap. 132), no one is allowed to trade on the streets unless he holds a valid hawker licence issued by the Department. Offenders will be prosecuted and, upon conviction, a maximum penalty of $10,000 fine and six months’ imprisonment will be imposed, and the commodities and equipment involved will be seized and confiscated. In addition, if the illegal hawking activities also cause obstruction to the public place, the offender will also be charged under the Summary Offenses Ordinance (Cap. 228). Upon conviction, a maximum penalty of $25,000 or three months’ imprisonment will be imposed.

         The FEHD will continue the discussions with relevant organisations and departments to address the issue at its source and curb the illegal hawking without licence of cable car tickets.

    MIL OSI Asia Pacific News –

  • MIL-OSI United Kingdom: Counter terror-style powers to strengthen ability to smash smuggling gangs

    Source: United Kingdom – Executive Government & Departments

    Powerful new legislation will give law enforcement tougher tools to pursue people smugglers and disrupt their ability to carry out small boat crossings.

    New counter terror-style powers to identify, disrupt and smash people smuggling gangs will be introduced as part of landmark legislation to protect our borders.

    The measures will for the first time allow counter-terror style tactics to be used against smuggling gangs through unprecedented tools to stop smugglers before they act.

    This includes stronger powers to seize and search mobile phones to investigate organised immigration crime and introducing new offences against gangs conspiring to plan crossings, selling or handling small boat parts for use in the Channel, supplying forged ID documents, for migrants attempting to come here illegally.

    These laws, included within the Border Security, Asylum and Immigration Bill introduced in Parliament today (January 30), are inspired by powers used to combat terrorism and will transform the ability of law enforcement agencies to take earlier and more effective action against organised immigration crime.

    The robust, workable measures will directly go after organised crime groups who – even in the freezing temperatures in the Channel this month – are continuing to organise dangerous crossings, not caring if the vulnerable people they exploit live or die, as long as they pay. The legislation will give greater powers than ever to law enforcement agencies to treat people smuggling as a global security threat as part of our renewed effort to break the business model of these gangs for good and restore order to our asylum system.

    The new laws are being welcomed by law enforcement agencies like the National Crime Agency, Immigration Enforcement and police, and include:

    • allowing immigration officers and police to seize phones, laptops and other electronic devices at an earlier stage before arrests are made, if they are suspected of containing information about organised immigration crime
    • allowing law enforcement to arrest those involved in facilitating organised immigration crime at a much earlier stage than is currently possible, meaning they can intervene quicker, more effectively and before smuggling takes place
    • making it illegal to supply or handle items suspected of being for use by organised crime groups, for example the selling and handling of small boats parts, with those caught facing a prison sentence of up to 14 years
    • creating a new offence for collecting information to be used by organised immigration criminals to prepare for boat crossings. This includes arranging departure points, dates and times, with clear links back to the gangs facilitating the dangerous crossings
    • criminalising the making, adapting, importing and possession of specific articles that could be used in serious crime, carrying a prison sentence of up to 5 years. This includes templates for 3D printed firearms, pill presses and vehicle concealments
    • putting the role of the Border Security Commander, Martin Hewitt, on a legal footing, meaning he will have the authority to convene partners across law enforcement and set strategic priorities for achieving the Home Secretary’s goals. These will be shared with partners like the National Crime Agency as part of their ongoing work upstream to target people smuggling networks
    • to prevent more people being crammed into unsafe, flimsy boats and lives being put at risk by these gangs, we will make it an offence to endanger another life during perilous sea crossing to the UK.  Anyone involved in physical aggression, intimidation or coercive behaviour, including preventing offers of rescue, while at sea will face prosecution and an increased sentence of up to five years in prison

    Border Security is one of the foundations of the government’s Plan for Change. The legislation being introduced today demonstrates our commitment to giving law enforcement the tools and powers they need to protect the integrity of the UK border as we put in place a serious, credible plan to restore order to our asylum system.

    Since July, we have already surpassed our pledge to deliver the highest rate of removals since 2018, with 16,400 people with no right to be in the UK removed since this government took power and have ramped up our enforcement against illegal working by 32% as we look to end the false promise of jobs sold to migrants by people smugglers.   This is in addition to a stream of major people smuggling arrests through a renewed focus on joint international investigations involving the National Crime Agency.

    Home Secretary Yvette Cooper said:

    Over the last six years, criminal smuggling gangs have been allowed to take hold all along our borders, making millions out of small boat crossings.

    This Bill will equip our law enforcement agencies with the powers they need to stop these vile criminals, disrupting their supply chains and bringing more of those who profit from human misery to justice.

    These new counter terror-style powers, including making it easier to seize mobile phones at the border, along with statutory powers for our new Border Security Command to focus activity across law enforcement agencies and border force will turbocharge efforts to smash the gangs.

    Our Plan for Change relies on strong border security. It is critical we have the tools at our disposal to pursue those who undermine them in every way we can.

    Border Security Commander Martin Hewitt said:

    It is vital that government and our law enforcement partners, working together as part of the UK’s border security system, have the right tools to tackle the people smuggling gangs abusing our border.

    This Bill will do exactly that, by equipping teams on the ground dealing with this issue first hand and empowering them to go further and act faster when dismantling organised criminality.

    These crucial measures will underpin our enforcement action across the system, and together with our strengthened relationships with international partners, we will bring down these gangs once and for all.

    NCA Director General Graeme Biggar said:

    Tackling organised immigration crime remains a priority for the NCA.

    The Border Security, Asylum and Immigration Bill should help UK law enforcement act earlier and faster to disrupt people smuggling networks and give us additional tools to target them and their business models.

    These criminal gangs risk the lives of those they transport in their deadly pursuit of profit, and we remain determined to work with partners in the UK and abroad to do all we can to stop them.

    Based on counter-terror tactics, the new powers in this Bill will allow law enforcement to make swifter interventions at a much earlier stage against those conspiring to smuggle people into the UK by small boats or in the backs of lorries.

    Where someone is suspected of selling or handling small boats parts or sharing suspect information online, we will be able to apply these offences against them at this point and make an arrest. Current rules mean law enforcement are unable to intervene until much later on in the process and after they’ve facilitated a small boat crossing.

    In November 2024, Amanj Hasan Zada was jailed for 17 years after being found guilty of organising small boat crossings from his home in Lancashire. Each crossing involved Kurdish migrants who had travelled through eastern Europe, into Germany, Belgium and then France. It is possible the reasonable suspicion element means investigators would have met the requirements to arrest and charge earlier with the new offences. Evidence which showed Zada planning organised immigration crime facilitation – for example discussing moving migrants, purchasing vessels – would have likely been in scope of the offence. Instead of needing to prove a definitive link to a migrant facilitation under current legislation, the new offences could have met the threshold for earlier and faster action to be taken.

    The Bill will also modernise biometric checks overseas to build a clear picture of individuals coming to the UK and preventing those with a criminal history from entering. During crisis evacuations to the UK, the new powers will allow checks to take place much earlier, resulting in the rapid identification of who is eligible to enter the country and reducing the risk of delays or security threats during time sensitive operations.

    In a major upgrade to Serious Crime Prevention Orders, we will also give law enforcement new powers to impose Interim Serious Crime Prevention Orders, allowing them to place instance restrictions on organised immigration criminals alongside other serious criminals. This could include bans on travel, internet and mobile phone use, with curbs also leading to social media blackouts, curfews and restricted access to finances.

    Collectively, these measures will strengthen our response across the system, empowering partners and law enforcement to properly go after the people smuggling gangs.

    Through the Border Security Command, we’re already driving up activity to disrupt the criminal gangs behind this trade.

    The NCA continues to target smuggling networks in the UK and overseas. This includes three arrests this month in Iraq’s Kurdistan Region as a result of a joint operation between the NCA and local law enforcement, the first of its kind.

    But with this legislation we will go further, giving our law enforcement stronger tools than ever before to dismantle the gangs.

    Updates to this page

    Published 30 January 2025

    MIL OSI United Kingdom –

  • MIL-OSI Europe: ASIA/PAKISTAN – Blasphemy law becomes a trap and a business: accusations organized for the purpose of blackmail and extortion

    Source: Agenzia Fides – MIL OSI

    Islamabad (Agenzia Fides) – There is a criminal group that makes a business out of framing innocent people with false accusations of blasphemy. The organization uses the blasphemy law as a trap and as a business for blackmail, which has already affected 450 innocent victims. This is what Christian and Muslim lawyers in Pakistan are complaining about, who have been observing a cluster of similar cases in recent months: young people, regardless of their religion, are tricked and then accused of blasphemy online, leading to arrest, detention and formal accusation of blasphemy, which in Pakistan can also mean life imprisonment or the death penalty.As the Catholic lawyer and MP Khalil Tahir Sandhu tells Fides, the families of those falsely accused of blasphemy, together with their legal representatives, recently held a public conference to expose the mechanism, raise the alarm and demand targeted intervention by the police and judicial authorities. The fraud has shaken many families, who are now calling on the government and the judicial authorities to ensure justice for those wrongfully detained.The case was also officially confirmed by the National Commission for Human Rights (NCHR), which conducted an independent investigation and described the activities of an organization that criminally exploits blasphemy for its own benefit and traps innocent people for extortion. The NCHR report shows that most of the victims belong to low-income or middle-class families. According to the information, more than 450 people have been victims of these accusations, all of which are fabricated.More than 150 people are detained in Adiala Jail, 170 in Lahore Jail and Kot Lakhpat Jail and 55 in Karachi Central Jail. The lawyers raise serious concerns about the integrity of the legal system and the rule of law, noting that “these cases are clearly baseless and if this practice is not stopped, it will leave an indelible stain on the judiciary.” “This practice raises serious doubts about the transparency of our judicial system. There is an urgent need to set up a transparent and impartial commission of inquiry to investigate and dismantle the organized group responsible for this conspiracy,” said Sardar Mushtaq Gill, lawyer and founder of NGO Legal Evangelical Association Development (LEAD). The way it works is this: Young men are made aware of girls through Facebook and other social media platforms. They are then invited to join WhatsApp groups for personal conversations. They start chatting and the girls gain their trust. Later, the girl sends a message with a blasphemous image or writing. The unsuspecting victim asks for an explanation. The girl pretends not to know what it is about and asks to send the message back. Once this is done, the girl immediately blocks the victim and sets a trap for him, accusing him of sharing blasphemous content online. To make matters worse, some young defendants have died in custody due to torture. This, according to the lawyers, indicates a collusion between officials of the Federal Investigation Agency (FIA), the federal agency that is supposed to shed light on the criminal practices. There are also lawyers who defend the plaintiffs in court and put pressure on the judges. In Pakistan, monitoring groups such as the Legal Commission on Blasphemy Pakistan (LCBP), a network of 13 organizations that claim to be “taking a firm stand against online blasphemy”. According to observers, the network is linked to the radical Islamic political party Tehreek-e-Labbaik Pakistan. Lawyers and members of non-governmental organizations are calling for investigations into these circles to uncover criminal activities. “This alarming abuse of religious laws has become a terrible tool of extortion and raises serious concerns about the security and rights of all citizens,” said lawyer Sardar Mushtaq Gill. (PA) (Agenzia Fides, 30/1/2025)
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    MIL OSI Europe News –

  • MIL-OSI USA: Governor Lombardo Appoints Chandeni Sendall to Nevada Gaming Control Board

    Source: US State of Nevada

    LAS VEGAS, NV – January 29, 2025

    Today, Governor Joe Lombardo announced his appointment of Chandeni Sendall to the Nevada Gaming Control Board.

    “I’m pleased to appoint Chandeni Sendall to the Nevada Gaming Control Board,” said Governor Joe Lombardo. “With her unique background in law and compliance, Chandeni will bring fresh insight and critical perspective to the Board. I look forward to her leadership and contributions to gaming oversight in our state.”

    Since 2015, Ms. Sendall has served as a Deputy City Attorney for the City of Reno, practicing in the civil division. Before her work in the Reno City Attorney’s Office, Ms. Sendall worked in civil and commercial litigation, served as an in-house legal intern for Caesars Entertainment, and clerked for the Honorable James W. Hardesty at the Nevada Supreme Court. While attending the William S. Boyd School of Law, Ms. Sendall served as the Editor-in-Chief of the UNLV Gaming Law Journal. Before her legal career, she served for several years as an Internal Auditor for Caesars Entertainment.

    “I’m grateful to Governor Lombardo for this opportunity to serve the State of Nevada,” said Chandeni Sendall. “Along with my legal background, I look forward to applying my educational background in economics and my work experience in the gaming industry as I begin this new role at the Nevada Gaming Control Board.”

    Ms. Sendall officially begins her term this week.

    ###

    MIL OSI USA News –

  • MIL-OSI Security: Appeal to trace two teenagers from Morocco missing in London

    Source: United Kingdom London Metropolitan Police

    Police are appealing for the public’s help to find two teenage girls from Morocco who have been reported missing.

    Douae, 14, and Houda, 15, were last seen leaving the hostel they were staying at in Tavistock Place, WC1 at around 20:30hrs on Tuesday, 28 January.

    Both girls had arrived in London on Saturday, 25 January for a week-long stay as part of a student exchange programme run by an independent company. They were due to return to Morocco on 1 February.

    The programme the girls are on is not attached to a specific school and is run by a private company.

    Detective Chief Inspector Sarb Kaur from the Central North Command Unit said: “We are appealing for any information about Douae and Houda’s whereabouts. They have travelled from Morocco and are in a city and country that is not familiar to them, so the longer they remain missing then the greater our concern for their welfare is.

    “A team of detectives is working tirelessly to locate them and we are liaising with the Moroccan embassy and the company who organised the visit to ensure their families in Morocco are kept updated with any developments.”

    Anyone with information that could assist police is asked to call 101 or ‘X’ @MetCC and quote ref 01/7101825/25. For an immediate sighting of Douae and Houda please call 999 immediately.

    MIL Security OSI –

  • MIL-OSI: Allegro MicroSystems Reports Third Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    MANCHESTER, N.H., Jan. 30, 2025 (GLOBE NEWSWIRE) — Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced financial results for its third quarter ended December 27, 2024.  

    “We delivered on our commitments with third quarter sales of $178 million and non-GAAP EPS of $0.07, both above the midpoint of our guidance,” said Vineet Nargolwala, President and CEO of Allegro. “During the quarter, we introduced a record number of new magnetic sensing and power products to the market, further expanding our differentiated portfolios. This increasing velocity further solidifies our market leadership and positions us well for above market growth.”

    Third Quarter Financial Highlights:

    In thousands, except per share data   Three-Month Period Ended     Nine-Month Period Ended  
        December 27, 2024     September 27, 2024     December 29, 2023     December 27, 2024     December 29, 2023  
        (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  
    Net Sales                              
    Automotive   $ 130,066     $ 141,893     $ 194,764     $ 403,143     $ 577,515  
    Industrial and other     47,806       45,498       60,220       129,039       231,271  
    Total net sales   $ 177,872     $ 187,391     $ 254,984     $ 532,182     $ 808,786  
    GAAP Financial Measures                              
    Gross margin %     45.7 %     45.7 %     52.5 %     45.4 %     55.8 %
    Operating margin %     — %     2.2 %     14.4 %     (1.2 )%     22.3 %
    Diluted EPS   $ (0.04 )   $ (0.18 )   $ 0.17     $ (0.31 )   $ 0.82  
    Non-GAAP Financial Measures                              
    Gross margin %     49.1 %     48.8 %     54.6 %     48.9 %     57.0 %
    Operating margin %     10.8 %     11.7 %     27.2 %     9.6 %     29.8 %
    Diluted EPS   $ 0.07     $ 0.08     $ 0.32     $ 0.18     $ 1.11  
                                             

    Business Outlook

    For the fourth quarter of fiscal year 2025 ending March 28, 2025, the Company expects total net sales to be in the range of $180 million to $190 million.

    The Company also estimates the following results on a non-GAAP basis:

    • Gross Margin is expected to be between 46% and 48%, which contemplates the impact of annual pricing agreements ahead of cost reductions, as well as higher capacity charges resulting from adjusted production levels in the quarter,
    • Operating expenses are expected to increase by approximately 5% sequentially to $72 million, primarily  due to annual payroll tax resets,
    • As a result of the expected repricing of the term loan and anticipated $30 million Q4 debt repayment, the Company now expects Interest Expense to be approximately $6 million, and
    • Diluted Earnings per Share are expected to be between $0.03 and $0.07.

    Allegro has not provided a reconciliation of its fourth fiscal quarter outlook for non-GAAP Gross Margin, non-GAAP Operating Expenses, non-GAAP Interest Expense, and non-GAAP Diluted Earnings per Share because estimates of all of the reconciling items cannot be provided without unreasonable efforts. It is difficult to reasonably provide a forward-looking estimate between such forward-looking non-GAAP measures and the comparable forward-looking U.S. generally accepted accounting principles (“GAAP”) measures. Certain factors that are materially significant to Allegro’s ability to estimate these items are out of its control and/or cannot be reasonably predicted.

    Earnings Webcast

    A webcast will be held on Thursday, January 30, 2025 at 8:30 a.m., Eastern Time. Vineet Nargolwala, President and Chief Executive Officer, and Derek P. D’Antilio, Executive Vice President and Chief Financial Officer, will discuss Allegro’s business and financial results.

    The webcast will be available on the Investor Relations section of the Company’s website at investors.allegromicro.com. A recording of the webcast will be posted in the same location shortly after the call concludes and will be available for at least 90 days.

    About Allegro MicroSystems

    Allegro MicroSystems is a leading global designer, developer, fabless manufacturer and marketer of sensor integrated circuits (“ICs”) and application-specific analog power ICs enabling emerging technologies in the automotive and industrial markets. Allegro’s diverse product portfolio provides efficient and reliable solutions for the electrification of vehicles, automotive ADAS safety features, automation for Industry 4.0 and power saving technologies for data centers and clean energy applications.

    Forward-Looking Statements         

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, contained in this press release including statements regarding our future results of operations and financial position, business strategy, prospective products and the plans and objectives of management for future operations, including, among others, statements regarding the liquidity, growth and profitability strategies and factors affecting our business are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

    Without limiting the foregoing, in some cases, you can identify forward-looking statements by terms such as “aim,” “may,” “will,” “should,” “expect,” “exploring,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “would,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” “seek,” or “continue” or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words. No forward-looking statement is a guarantee of future results, performance or achievements, and one should avoid placing undue reliance on such statements.

    Forward-looking statements are based on our management’s current expectations, beliefs and assumptions and on information currently available to us. Such beliefs and assumptions may or may not prove to be correct. Additionally, such forward-looking statements are subject to a number of known and unknown risks, uncertainties and assumptions, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to, those identified in Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended March 29, 2024, as any such factors may be updated from time to time in our Quarterly Reports on Form 10-Q and our other filings with the Securities and Exchange Commission (the “SEC”). These risks and uncertainties include, but are not limited to: downturns or volatility in general economic conditions; our ability to compete effectively, expand our market share and increase our net sales and profitability; our reliance on a limited number of third-party semiconductor wafer fabrication facilities and suppliers of other materials; any failure to adjust purchase commitments and inventory management based on changing market conditions or customer demand; shifts in our product mix, customer mix or channel mix, which could negatively impact our gross margin; the cyclical nature of the semiconductor industry, including the analog segment in which we compete; any downturn or disruption in the automotive market or industry; our ability to successfully integrate the acquisition of other companies or technologies and products into our business; our ability to compensate for decreases in average selling prices of our products and increases in input costs; our ability to manage any sustained yield problems or other delays at our third-party wafer fabrication facilities or in the final assembly and test of our products; our ability to accurately predict our quarterly net sales and operating results and meet the expectations of investors; our dependence on manufacturing operations in the Philippines; our reliance on distributors to generate sales; events beyond our control impacting us, our key suppliers or our manufacturing partners; our ability to develop new product features or new products in a timely and cost-effective manner; our ability to manage growth; any slowdown in the growth of our end markets; the loss of one or more significant customers; our ability to meet customers’ quality requirements; uncertainties related to the design win process and our ability to recover design and development expenses and to generate timely or sufficient net sales or margins; changes in government trade policies, including the imposition of export restrictions and tariffs; our exposures to warranty claims, product liability claims and product recalls; our dependence on international customers and operations; the availability of rebates, tax credits and other financial incentives on end-user demands for certain products; risks, liabilities, costs and obligations related to governmental regulations and other legal obligations, including export/trade control, privacy, data protection, information security, cybersecurity, consumer protection, environmental and occupational health and safety, antitrust, anti-corruption and anti-bribery, product safety, environmental protection, employment matters and tax; the volatility of currency exchange rates; our ability to raise capital to support our growth strategy; our indebtedness may limit our flexibility to operate our business; our ability to effectively manage our growth and to retain key and highly skilled personnel; our ability to protect our proprietary technology and inventions through patents or trade secrets; our ability to commercialize our products without infringing third-party intellectual property rights; disruptions or breaches of our information technology systems or confidential information or those of our third-party service providers; our principal stockholder continues to have influence over us; anti-takeover provisions in our organizational documents and under the General Corporation Law of the State of Delaware; any failure to design, implement or maintain effective internal control over financial reporting; changes in tax rates or the adoption of new tax legislation; the negative impacts of sustained inflation on our business; the physical, transition and litigation risks presented by climate change; and other events beyond our control. Moreover, we operate in an evolving environment. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties.

    You should read this press release and the documents that we reference completely and with the understanding that our actual future results may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary statements. All forward-looking statements speak only as of the date of this press release, and except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events, changed circumstances or otherwise.

    This press release includes certain non-GAAP financial measures as defined by the SEC rules. These non-GAAP financial measures are provided in addition to, and not as a substitute for or superior to measures of, financial performance prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their most directly comparable GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of the presented non-GAAP financial measures as tools for comparison.

    This press release may not be reproduced, forwarded to any person or published, in whole or in part.

    ALLEGRO MICROSYSTEMS, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (in thousands, except share and per share amounts)
    (Unaudited)
     
        Three-Month Period Ended     Nine-Month Period Ended  
        December 27, 2024     December 29, 2023     December 27, 2024     December 29, 2023  
    Net sales   $ 177,872     $ 254,984     $ 532,182     $ 808,786  
    Cost of goods sold     96,657       121,156       290,534       357,505  
    Gross profit     81,215       133,828       241,648       451,281  
    Operating expenses:                        
    Research and development     43,317       44,396       132,031       130,799  
    Selling, general and administrative     37,939       52,746       116,221       140,135  
    Total operating expenses     81,256       97,142       248,252       270,934  
    Operating (loss) income     (41 )     36,686       (6,604 )     180,347  
    Interest and other (expense) income     (7,561 )     (315 )     (25,902 )     (2,801 )
    Loss on change in fair value of forward repurchase contract     —       —       (34,752 )     —  
    (Loss) income before income taxes     (7,602 )     36,371       (67,258 )     177,546  
    Income tax (benefit) provision     (803 )     2,969       (9,233 )     17,584  
    Net (loss) income     (6,799 )     33,402       (58,025 )     159,962  
    Net income attributable to non-controlling interests     61       57       185       150  
    Net (loss) income attributable to Allegro MicroSystems, Inc.   $ (6,860 )   $ 33,345     $ (58,210 )   $ 159,812  
    Net (loss) income per common share attributable to Allegro MicroSystems, Inc.:                        
    Basic   $ (0.04 )   $ 0.17     $ (0.31 )   $ 0.83  
    Diluted   $ (0.04 )   $ 0.17     $ (0.31 )   $ 0.82  
    Weighted average shares outstanding:                        
    Basic     184,011,189       192,724,541       188,886,583       192,384,315  
    Diluted     184,011,189       194,570,380       188,886,583       194,925,040  
     

    Supplemental Schedule of Total Net Sales

    The following table summarizes total net sales by market within the Company’s unaudited condensed consolidated statements of operations:

        Three-Month Period Ended     Change     Nine-Month Period Ended     Change  
        December 27, 2024     December 29, 2023     Amount     %     December 27, 2024     December 29, 2023     Amount     %  
        (Dollars in thousands)     (Dollars in thousands)  
    Automotive   $ 130,066     $ 194,764     $ (64,698 )     (33 )%   $ 403,143     $ 577,515     $ (174,372 )     (30 )%
    Industrial and other     47,806       60,220       (12,414 )     (21 )%     129,039       231,271       (102,232 )     (44 )%
    Total net sales   $ 177,872     $ 254,984     $ (77,112 )     (30 )%   $ 532,182     $ 808,786     $ (276,604 )     (34 )%
     
    ALLEGRO MICROSYSTEMS, INC.
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (in thousands)
     
        December 27,     March 29,  
        2024
    (Unaudited)    		     2024  
    Assets            
    Current assets:            
    Cash and cash equivalents   $ 138,452     $ 212,143  
    Restricted cash     10,510       10,018  
    Trade accounts receivable, net     83,805       118,508  
    Inventories     193,140       162,302  
    Prepaid income taxes     36,037       31,908  
    Prepaid expenses and other current assets     33,683       33,584  
    Current portion of related party notes receivable     —       3,750  
    Total current assets     495,627       572,213  
    Property, plant and equipment, net     320,975       321,175  
    Deferred income tax assets     65,398       54,496  
    Goodwill     202,101       202,425  
    Intangible assets, net     261,553       276,854  
    Related party notes receivable, less current portion     —       4,688  
    Equity investment in related party     30,914       26,727  
    Other assets     65,172       72,025  
    Total assets   $ 1,441,740     $ 1,530,603  
    Liabilities, Non-Controlling Interests and Stockholders’ Equity            
    Current liabilities:            
    Trade accounts payable   $ 39,685     $ 35,964  
    Amounts due to related party     2,102       1,626  
    Accrued expenses and other current liabilities     57,751       76,389  
    Current portion of long-term debt     1,374       3,929  
    Total current liabilities     100,912       117,908  
    Long-term debt     374,729       249,611  
    Other long-term liabilities     31,673       31,368  
    Total liabilities     507,314       398,887  
    Commitments and contingencies            
    Stockholders’ Equity:            
    Preferred stock     —       —  
    Common stock     1,840       1,932  
    Additional paid-in capital     1,004,080       694,332  
    (Accumulated deficit) retained earnings     (38,791 )     463,012  
    Accumulated other comprehensive loss     (34,084 )     (28,841 )
    Equity attributable to Allegro MicroSystems, Inc.     933,045       1,130,435  
    Non-controlling interests     1,381       1,281  
    Total stockholders’ equity     934,426       1,131,716  
    Total liabilities, non-controlling interests and stockholders’ equity   $ 1,441,740     $ 1,530,603  
    ALLEGRO MICROSYSTEMS, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (in thousands)
    (Unaudited)
     
        Three-Month Period Ended     Nine-Month Period Ended  
        December 27, 2024     December 29, 2023     December 27, 2024     December 29, 2023  
    Cash flows from operating activities:                        
    Net (loss) income   $ (6,799 )   $ 33,402     $ (58,025 )   $ 159,962  
    Adjustments to reconcile net (loss) income to net cash provided by operating activities:                        
    Depreciation and amortization     16,123       20,195       48,578       49,548  
    Amortization of deferred financing costs     694       185       1,781       292  
    Deferred income taxes     (3,751 )     (10,119 )     (11,546 )     (28,253 )
    Stock-based compensation     10,588       10,920       32,251       32,839  
    Loss on change in fair value of forward repurchase contract     —       —       34,752       —  
    Provisions for inventory and expected credit losses     3,031       429       7,519       9,851  
    Change in fair value of marketable securities     —       —       —       3,579  
    Other non-cash reconciling items     68       (25 )     6,645       18  
    Changes in operating assets and liabilities:                        
    Trade accounts receivable     (7,061 )     5,081       34,356       (2,564 )
    Inventories     (19,243 )     11,312       (38,074 )     (19,909 )
    Prepaid expenses and other assets     14,407       7,368       (1,401 )     (13,085 )
    Trade accounts payable     (8,203 )     (12,299 )     5,467       (9,604 )
    Due to and from related parties     (3,568 )     705       564       6,817  
    Accrued expenses and other current and long-term liabilities     (4,469 )     9,404       (21,307 )     (20,540 )
    Net cash (used in) provided by operating activities     (8,183 )     76,558       41,560       168,951  
    Cash flows from investing activities:                        
    Purchases of property, plant and equipment     (13,615 )     (34,399 )     (34,564 )     (110,500 )
    Acquisition of business, net of cash acquired     319       (408,119 )     319       (408,119 )
    Sales of marketable securities     —       —       —       16,175  
    Net cash used in investing activities     (13,296 )     (442,518 )     (34,245 )     (502,444 )
    Cash flows from financing activities:                        
    Net proceeds from Refinanced 2023 Term Loan Facility     —       —       193,483       —  
    Repayment of 2023 Term Loan Facility     (25,000 )     —       (75,000 )     —  
    Borrowings of senior secured debt, net of deferred financing costs     —       245,452       —       245,452  
    Repayment of 2020 Term Loan Facility     —       (25,000 )     —       (25,000 )
    Repayments of other debt     —       (743 )     —       (743 )
    Finance lease payments     (318 )     —       (703 )     —  
    Receipts on related party notes receivable     —       938       1,875       2,813  
    Payments for taxes related to net share settlement of equity awards     (483 )     (10,732 )     (12,780 )     (24,823 )
    Proceeds from issuance of common stock under employee stock purchase plan     —       —       1,987       1,899  
    Repurchases of common stock     (116 )     —       (853,921 )     —  
    Net proceeds from issuance of common stock     —       —       665,850       —  
    Payment of debt issuance costs     —       —       —       (1,450 )
    Net cash (used in) provided by financing activities     (25,917 )     209,915       (79,209 )     198,148  
    Effect of exchange rate changes on cash and cash equivalents and restricted cash     (2,680 )     1,349       (1,305 )     375  
    Net (decrease) increase in cash and cash equivalents and restricted cash     (50,076 )     (154,696 )     (73,199 )     (134,970 )
    Cash and cash equivalents and restricted cash at beginning of period     199,038       378,431       222,161       358,705  
    Cash and cash equivalents and restricted cash at end of period:   $ 148,962     $ 223,735     $ 148,962     $ 223,735  
     

    Non-GAAP Financial Measures

    In addition to the measures presented in our condensed consolidated financial statements, we regularly review other measures, defined as non-GAAP financial measures by the SEC, to evaluate our business, measure our performance, identify trends, prepare financial forecasts and make strategic decisions. The key measures we consider are non-GAAP Gross Profit, non-GAAP Gross Margin, non-GAAP Operating Expenses, non-GAAP Operating Income, non-GAAP Operating Margin, EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP Profit before Tax, non-GAAP Income Tax Provision, non-GAAP Effective Tax Rate, non-GAAP Net Income Attributable to Allegro MicroSystems, Inc, non-GAAP Basic and Diluted Earnings per Share, non-GAAP Free Cash Flow, and non-GAAP Free Cash Flow as percentage of net sales (collectively, the “Non-GAAP Financial Measures”). These Non-GAAP Financial Measures provide supplemental information regarding our operating performance on a non-GAAP basis that excludes certain gains, losses and charges of a non-cash nature or that occur relatively infrequently and/or that management considers to be unrelated to our core operations, and in the case of non-GAAP Income Tax Provision, management believes that this non-GAAP measure of income taxes provides it with the ability to evaluate the non-GAAP Income Tax Provision across different reporting periods on a consistent basis, independent of special items and discrete items, which may vary in size and frequency. These Non-GAAP Financial Measures are used by both management and our board of directors, together with the comparable GAAP information, in evaluating our current performance and planning our future business activities.

    The Non-GAAP Financial Measures are supplemental measures of our performance that are neither required by, nor presented in accordance with, GAAP. These Non-GAAP Financial Measures should not be considered as substitutes for GAAP financial measures, such as gross profit, gross margin, net income or any other performance measures derived in accordance with GAAP. Also, in the future we may incur expenses or charges, such as those being adjusted in the calculation of these Non-GAAP Financial Measures. Our presentation of these Non-GAAP Financial Measures should not be construed as an inference that future results will be unaffected by unusual or nonrecurring items. These Non-GAAP Financial Measures exclude costs related to acquisition and related integration expenses, amortization of acquired intangible assets, stock-based compensation, restructuring actions, related-party activities and other non-operational costs.

    Non-GAAP Income Tax Provision

    In calculating non-GAAP Income Tax Provision, we have added back the following to GAAP Income Tax Provision:

    • Tax effect of adjustments to GAAP results—Represents the estimated income tax effect of the adjustments to non-GAAP Profit before Tax described below and elimination of discrete tax adjustments.
    Reconciliation of Non-GAAP Gross Profit and Non-GAAP Gross Margin  
                                   
        Three-Month Period Ended     Nine-Month Period Ended  
        December 27, 2024     September 27, 2024     December 29, 2023     December 27, 2024     December 29, 2023  
        (Dollars in thousands)     (Dollars in thousands)  
    GAAP Gross Profit   $ 81,215     $ 85,662     $ 133,828     $ 241,648     $ 451,281  
    GAAP Gross Margin (% of net sales)     45.7 %     45.7 %     52.5 %     45.4 %     55.8 %
                                   
    Non-GAAP adjustments                              
    Transaction-related costs     5       10       523       14       523  
    Purchased intangible amortization     4,875       4,875       3,648       14,625       4,323  
    Restructuring costs     522       16       166       1,738       166  
    Stock-based compensation     802       817       1,073       2,180       4,625  
    Total Non-GAAP Adjustments   $ 6,204     $ 5,718     $ 5,410     $ 18,557     $ 9,637  
                                   
    Non-GAAP Gross Profit   $ 87,419     $ 91,380     $ 139,238     $ 260,205     $ 460,918  
    Non-GAAP Gross Margin (% of net sales)     49.1 %     48.8 %     54.6 %     48.9 %     57.0 %
    Reconciliation of Non-GAAP Operating Expenses  
                                   
        Three-Month Period Ended     Nine-Month Period Ended  
        December 27, 2024     September 27, 2024     December 29, 2023     December 27, 2024     December 29, 2023  
        (Dollars in thousands)     (Dollars in thousands)  
    GAAP Operating Expenses   $ 81,256     $ 81,595     $ 97,142     $ 248,252     $ 270,934  
                                   
    Research and Development Expenses                              
    GAAP Research and Development Expenses     43,317       43,510       44,396       132,031       130,799  
    Non-GAAP adjustments                              
    Transaction-related costs     333       206       343       1,568       352  
    Restructuring costs     568       260       908       997       908  
    Stock-based compensation     3,960       3,523       3,870       11,218       10,340  
    Other costs(1)     —       3       —       3       —  
    Non-GAAP Research and Development Expenses     38,456       39,518       39,275       118,245       119,199  
                                   
    Selling, General and Administrative Expenses                              
    GAAP Selling, General and Administrative Expenses     37,939       38,085       52,746       116,221       140,135  
    Non-GAAP adjustments                              
    Transaction-related costs     148       275       9,543       1,237       14,419  
    Purchased intangible amortization     535       535       495       1,605       1,210  
    Restructuring costs     1,264       2,046       5,795       4,355       5,795  
    Stock-based compensation     5,826       7,205       5,977       18,853       17,874  
    Other costs(1)     391       (1,820 )     283       (618 )     383  
    Non-GAAP Selling, General and Administrative Expenses     29,775       29,844       30,653       90,789       100,454  
                                   
    Total Non-GAAP Adjustments     13,025       12,233       27,214       39,218       51,281  
                                   
    Non-GAAP Operating Expenses   $ 68,231     $ 69,362     $ 69,928     $ 209,034     $ 219,653  
                                   
    (1) Included in non-GAAP other costs are non-recurring charges that are individually immaterial for separate disclosure, such as project evaluation costs, which consist of costs and estimated costs incurred in connection with debt and equity financings or other non-recurring transactions.  
    Reconciliation of Non-GAAP Operating Income and Non-GAAP Operating Margin  
                                   
        Three-Month Period Ended     Nine-Month Period Ended  
        December 27, 2024     September 27, 2024     December 29, 2023     December 27, 2024     December 29, 2023  
        (Dollars in thousands)     (Dollars in thousands)  
    GAAP Operating (Loss) Income   $ (41 )   $ 4,067     $ 36,686     $ (6,604 )   $ 180,347  
    GAAP Operating Margin (% of net sales)     — %     2.2 %     14.4 %     (1.2 )%     22.3 %
                                   
    Transaction-related costs     486       491       10,409       2,819       15,294  
    Purchased intangible amortization     5,410       5,410       4,143       16,230       5,533  
    Restructuring costs     2,354       2,322       6,869       7,090       6,869  
    Stock-based compensation     10,588       11,545       10,920       32,251       32,839  
    Other costs(1)     391       (1,817 )     283       (615 )     383  
    Total Non-GAAP Adjustments   $ 19,229     $ 17,951     $ 32,624     $ 57,775     $ 60,918  
                                   
    Non-GAAP Operating Income   $ 19,188     $ 22,018     $ 69,310     $ 51,171     $ 241,265  
    Non-GAAP Operating Margin (% of net sales)     10.8 %     11.7 %     27.2 %     9.6 %     29.8 %
                                   
    (1) Included in non-GAAP other costs are non-recurring charges that are individually immaterial for separate disclosure, such as project evaluation costs, which consist of costs and estimated costs incurred in connection with debt and equity financings or other non-recurring transactions.  
    Reconciliation of EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin  
                                   
        Three-Month Period Ended     Nine-Month Period Ended  
        December 27, 2024     September 27, 2024     December 29, 2023     December 27, 2024     December 29, 2023  
        (Dollars in thousands)     (Dollars in thousands)  
    GAAP Net (Loss) Income   $ (6,799 )   $ (33,613 )   $ 33,402     $ (58,025 )   $ 159,962  
    GAAP Net (Loss) Income Margin (% of net sales)     (3.8 )%     (17.9 )%     13.1 %     (10.9 )%     19.8 %
                                   
    Interest expense     7,762       10,353       3,854       23,492       5,381  
    Interest income     (388 )     (420 )     (857 )     (1,302 )     (2,550 )
    Income tax (benefit) provision     (803 )     (9,470 )     2,969       (9,233 )     17,584  
    Depreciation & amortization     16,123       15,997       20,227       48,578       49,645  
    EBITDA   $ 15,895     $ (17,153 )   $ 59,595     $ 3,510     $ 230,022  
                                   
    Transaction-related costs     486       3,295       10,409       5,623       15,294  
    Restructuring costs     2,354       2,067       6,869       6,835       6,869  
    Stock-based compensation     10,588       11,545       10,920       32,251       32,839  
    Loss on change in fair value of forward repurchase contract     —       34,752       —       34,752       —  
    Other costs(1)     998       (2,195 )     (551 )     1,610       5,339  
    Adjusted EBITDA   $ 30,321     $ 32,311     $ 87,242     $ 84,581     $ 290,363  
    Adjusted EBITDA Margin (% of net sales)     17.0 %     17.2 %     34.2 %     15.9 %     35.9 %
                                   
    (1) Included in non-GAAP other costs are non-recurring charges that are individually immaterial for separate disclosure, such as project evaluation costs, which consist of costs and estimated costs incurred in connection with debt and equity financings or other non-recurring transactions, and income (loss) in earnings of equity investments.  
    Reconciliation of Non-GAAP Profit before Tax  
                                   
        Three-Month Period Ended     Nine-Month Period Ended  
        December 27, 2024     September 27, 2024     December 29, 2023     December 27, 2024     December 29, 2023  
        (Dollars in thousands)     (Dollars in thousands)  
    GAAP (Loss) Income before Income Taxes   $ (7,602 )   $ (43,083 )   $ 36,371     $ (67,258 )   $ 177,546  
                                   
    Transaction-related costs     486       3,295       10,409       5,623       15,294  
    Transaction-related interest     192       141       162       1,042       162  
    Purchased intangible amortization     5,410       5,410       4,143       16,230       5,533  
    Restructuring costs     2,354       2,067       6,869       6,835       6,869  
    Stock-based compensation     10,588       11,545       10,920       32,251       32,839  
    Loss on change in fair value of forward repurchase contract     —       34,752       —       34,752       —  
    Other costs(1)     1,427       1,428       (551 )     5,662       5,339  
    Total Non-GAAP Adjustments   $ 20,457     $ 58,638     $ 31,952     $ 102,395     $ 66,036  
                                   
    Non-GAAP Profit before Tax   $ 12,855     $ 15,555     $ 68,323     $ 35,137     $ 243,582  
                                   
    (1) Included in non-GAAP other costs are non-recurring charges that are individually immaterial for separate disclosure, such as project evaluation costs, which consist of costs and estimated costs incurred in connection with debt and equity financings or other non-recurring transactions, and income (loss) in earnings of equity investments.  
    Reconciliation of Non-GAAP Income Tax Provision and Non-GAAP Effective Tax Rate  
                                   
        Three-Month Period Ended     Nine-Month Period Ended  
        December 27, 2024     September 27, 2024     December 29, 2023     December 27, 2024     December 29, 2023  
        (Dollars in thousands)     (Dollars in thousands)  
    GAAP Income Tax (Benefit) Provision   $ (803 )   $ (9,470 )   $ 2,969     $ (9,233 )   $ 17,584  
    GAAP effective tax rate     10.6 %     22.0 %     8.2 %     13.7 %     9.9 %
                                   
    Tax effect of adjustments to GAAP results     398       10,071       3,748       10,074       10,128  
                                   
    Non-GAAP Income Tax (Benefit) Provision   $ (405 )   $ 601     $ 6,717     $ 841     $ 27,712  
    Non-GAAP effective tax rate     (3.2 )%     3.9 %     9.8 %     2.4 %     11.4 %
    Reconciliation of Non-GAAP Net Income Attributable to Allegro MicroSystems, Inc. and Non-GAAP Earnings per Share  
                                   
        Three-Month Period Ended     Nine-Month Period Ended  
        December 27, 2024     September 27, 2024     December 29, 2023     December 27, 2024     December 29, 2023  
        (Dollars in thousands)     (Dollars in thousands)  
    GAAP Net (Loss) Income Attributable to Allegro MicroSystems, Inc.(1)   $ (6,860 )   $ (33,675 )   $ 33,345     $ (58,210 )   $ 159,812  
    GAAP Basic weighted average common shares     184,011,189       189,182,850       192,724,541       188,886,583       192,384,315  
    GAAP Diluted weighted average common shares     184,011,189       189,182,850       194,570,380       188,886,583       194,925,040  
    GAAP Basic (Loss) Earnings per Share   $ (0.04 )   $ (0.18 )   $ 0.17     $ (0.31 )   $ 0.83  
    GAAP Diluted (Loss) Earnings per Share   $ (0.04 )   $ (0.18 )   $ 0.17     $ (0.31 )   $ 0.82  
                                   
    Transaction-related costs     486       3,295       10,409       5,623       15,294  
    Transaction-related interest     192       141       162       1,042       162  
    Purchased intangible amortization     5,410       5,410       4,143       16,230       5,533  
    Restructuring costs     2,354       2,067       6,869       6,835       6,869  
    Stock-based compensation     10,588       11,545       10,920       32,251       32,839  
    Loss on change in fair value of forward repurchase contract     —       34,752       —       34,752       —  
    Other costs(2)     1,427       1,428       (551 )     5,662       5,339  
    Total Non-GAAP Adjustments     20,457       58,638       31,952       102,395       66,036  
    Tax effect of adjustments to GAAP results(3)     (398 )     (10,071 )     (3,748 )     (10,074 )     (10,128 )
    Non-GAAP Net Income Attributable to Allegro MicroSystems, Inc.   $ 13,199     $ 14,892     $ 61,549     $ 34,111     $ 215,720  
    Basic weighted average common shares     184,011,189       189,182,850       192,724,541       188,886,583       192,384,315  
    Diluted weighted average common shares     184,485,792       189,710,595       194,570,380       189,577,693       194,925,040  
    Non-GAAP Basic Earnings per Share   $ 0.07     $ 0.08     $ 0.32     $ 0.18     $ 1.12  
    Non-GAAP Diluted Earnings per Share   $ 0.07     $ 0.08     $ 0.32     $ 0.18     $ 1.11  
                                   
    (1) GAAP Net (Loss) Income Attributable to Allegro MicroSystems, Inc. represents GAAP Net (Loss) Income adjusted for Net Income Attributable to non-controlling interests.  
    (2) Included in non-GAAP other costs are non-recurring charges that are individually immaterial for separate disclosure, such as project evaluation costs, which consists of costs and estimated costs incurred in connection with debt and equity financings or other non-recurring transactions, income (loss) in earnings of equity investments, and unrealized losses (gains) on investments.  
    (3) To calculate the tax effect of adjustments to GAAP results, the Company considers each non-GAAP adjustment by tax jurisdiction and reverses all discrete items to calculate an annual non-GAAP effective tax rate (“NG ETR”).  This NG ETR is then applied to Non-GAAP Profit Before Tax to arrive at the tax effect of adjustments to GAAP results.  
    Reconciliation of Non-GAAP Free Cash Flow and Non-GAAP Free Cash Flow as Percentage of Net Sales        
                                   
        Three-Month Period Ended     Nine-Month Period Ended  
        December 27, 2024     September 27, 2024     December 29, 2023     December 27, 2024     December 29, 2023  
        (Dollars in thousands)     (Dollars in thousands)  
    GAAP Operating Cash Flow   $ (8,183 )   $ 15,547     $ 76,558     $ 41,560     $ 168,951  
    GAAP Operating Cash Flow (% of net sales)     -4.6 %     8.3 %     30.0 %     7.8 %     20.9 %
    Non-GAAP adjustments                              
    Purchases of property, plant and equipment     (13,615 )     (9,972 )     (34,399 )     (34,564 )     (110,500 )
                                   
    Non-GAAP Free Cash Flow   $ (21,798 )   $ 5,575     $ 42,159     $ 6,996     $ 58,451  
    Non-GAAP Free Cash Flow (% of net sales)     (12.3 )%     3.0 %     16.5 %     1.3 %     7.2 %

    Investor Contact:
    Jalene Hoover
    VP of Investor Relations & Corporate Communications
    +1 (512) 751-6526
    jhoover@allegromicro.com

    The MIL Network –

  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah chairs a review meeting on the implementation of new criminal laws in the presence of Gujarat Chief Minister Shri Bhupendra Patel in New Delhi

    Source: Government of India (2)

    Union Home Minister and Minister of Cooperation Shri Amit Shah chairs a review meeting on the implementation of new criminal laws in the presence of Gujarat Chief Minister Shri Bhupendra Patel in New Delhi

    Gujarat government should ensure the implementation of the new criminal laws in all commissionerates by April 30, 2025, and across the entire state at the earliest

    Gujarat has done a commendable job by timely filing charge sheets in over 92 per cent of cases involving sentences of more than 10 years

    There should be a video conferencing cubicle for every court in the prisons

    Other states should also adopt Gujarat’s initiative of the Forensic Crime Manager

    Gujarat government has done a commendable job in converting Zero FIRs into 100 per cent regular FIRs

    Gujarat High Court has made a great initiative by issuing directives to all subordinate courts to implement e-processes

    Posted On: 30 JAN 2025 4:16PM by PIB Delhi

    The Union Home Minister and Minister of Cooperation, Shri Amit Shah chaired a review meeting on the implementation of the three new criminal laws in Gujarat in the presence of the Chief Minister of Gujarat, Shri Bhupendra Patel, in New Delhi today. The meeting reviewed the implementation and present status of various new provisions relating to police, jail, courts, prosecution and forensics in Gujarat. The meeting was attended by Gujarat’s Minister of State for Home, the Union Home Secretary, Gujarat’s Chief Secretary and Director General of Police, the Director General of the National Crime Records Bureau (NCRB), and several senior officials from the Union Home Ministry and the State Government.

    During the discussion, the Union Home Minister and Minister of Cooperation Minister said that the essence of the three new criminal laws introduced by Prime Minister Shri Narendra Modi lies in the provision of delivering justice within three years, from the filing of an FIR till the Supreme Court’s verdict in any case. Appreciating the work done so far by the Gujarat government in implementing the new criminal laws, Shri Shah said that the Gujarat government should ensure the implementation of the new criminal laws in all commissionerates by April 30, 2025, and across the entire state at the earliest. He said it should be reviewed monthly by the Chief Minister of Gujarat, fortnightly by the State Home Minister and weekly at the level of Chief Secretary, Additional Chief Secretary (Home) and Director General of Police.

    Shri Amit Shah stated that Gujarat has commendably achieved timely filing of charge sheets in over 92 per cent of cases involving sentences of more than 10 years. He emphasized that for the remaining cases, a review should be conducted to ensure the utilization of the provision in the Act that allows seeking permission from the court. The Home Minister said that Gujarat has done a commendable job in converting Zero FIRs into 100 per cent regular FIRs. He emphasized the need to establish a system where FIRs can be transferred between two states through the Crime and Criminal Tracking Network and Systems (CCTNS). He also suggested that Gujarat should adopt CCTNS 2.0.

    Regarding the provision of electronic evidence in the new laws, the Home Minister mentioned that the state’s Home and Health Departments should hold meetings to ensure that post-mortem and other medical reports from hospitals are received electronically. Shri Shah also emphasized the need to establish a system for recording evidence via video conferencing in prisons, government hospitals, banks, forensic science laboratories (FSL), and other premises. He said that there should be a video conferencing cubicle for every court in the prisons.

    The Union Home Minister and Minister of Cooperation said that the police should provide the details of people detained for questioning on the electronic dashboard, along with the seizure list and the cases to be forwarded to the courts. He also directed the state Director General of Police for continuous monitoring of these cases. Shri Shah asked to increase the network connectivity speed in police stations to 30 mbps over the prescribed standards.

    Shri Amit Shah said that the state government should issue circulars to ensure that provisions of organised crime, terrorism, mob lynching, are not misused. For this, strict provisions should be made for permission from the highest level. He highlighted that the Bharatiya Nagarik Suraksha Sanhita (BNSS) includes a provision for Trial in Absentia, which allows legal action against absconding criminals. He emphasized that Trial in Absentia should be initiated against fugitives who have been evading the country for a long time in cases related to national security.

    The Home Minister emphasized ensuring the availability of at least two forensic science mobile vans in every district. He also stated that efforts should be made to ensure that all 12 kits used in mobile forensic vans are manufactured in India. Shri Shah said that other states should also adopt Gujarat’s initiative of Forensic Crime Manager. He emphasized the need to clear pending forensic cases through a special campaign. Highlighting the importance of forensic experts, he urged for the prompt recruitment of vacant positions in the forensic department.

    The Union Home Minister stated that the Gujarat High Court has issued directives on January 22, 2025, for all subordinate courts to implement e-processes, which is a commendable initiative. He emphasized that other states should also make efforts in this direction. Shri Shah urged for the prompt recruitment of vacant positions in the Directorate of Prosecution. He also stressed that judicial officers should be included in training programs, and training sessions should be conducted in coordination with Judicial Academies.

    *****

    Raj Kumar/Vivek/Ashutosh/Priyabhanshu/Pankaj

    (Release ID: 2097618) Visitor Counter : 18

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: Answer to a written question – Possible conclusion of an agreement between Türkiye and Syria establishing an EEZ – P-003085/2024(ASW)

    Source: European Parliament

    The EU has a strategic interest in a stable and secure environment in the Eastern Mediterranean and in the development of a cooperative and mutually beneficial relationship with Türkiye.

    In this context, the EU continues to expect Türkiye to respect the sovereignty and the sovereign rights of all Member States, in accordance with international law, including the United Nations Convention on the Law of the Sea (Unclos)[1], and to unequivocally commit to and promote good neighbourly relations and the peaceful settlement of disputes, having recourse, if necessary, to the International Court of Justice.

    The European Council Conclusions of 12 December 2019[2] clearly stated that the Türkiye-Libya memorandum of understanding on the delimitation of maritime jurisdictions in the Mediterranean Sea infringes upon the sovereign rights of third states, does not comply with the Law of the Sea and cannot produce any legal consequences for third states.

    • [1] https://www.un.org/depts/los/convention_agreements/texts/unclos/unclos_e.pdf
    • [2] https://www.consilium.europa.eu/media/41768/12-euco-final-conclusions-en.pdf
    Last updated: 30 January 2025

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: SIA giving confiscated cash to charities to aid public safety

    Source: United Kingdom – Executive Government & Departments

    Charities and community groups can now apply for grants to support projects aimed at improving public safety and supporting the private security.

    The money has been confiscated by the SIA from criminals through proceeds of crime confiscation orders and is now available to charities to bid for. 

    The ‘grants for good causes’ could help fund a range of projects run by charities. Last year, the SIA gave over £72,000 to support 7 initiatives across several charities and community groups including Employment 4 All, Diverse FM, and Glasgow Street Aid among others. 

    The SIA helped fund projects including human trafficking awareness workshops, employment and training opportunities for disadvantaged groups and training for volunteers in emergency first response care.  

    Paul Cartlidge, Chair of the grants for good causes panel, said: 

    I’m delighted to be opening this year’s grants for applications. Public safety is a team effort, and our commitment to protecting people goes beyond our day-to-day duties. Grassroots projects run by charities and community groups can have a profound impact on public safety, the private security industry and the people using their services.  

    As the regulator of the private security industry, we take robust enforcement action to prosecute those who put the public at risk through their offending. Through the grants for good causes, we are putting the ill-gotten gains of criminals to good use in a way that will benefit society and make the world a little bit safer.

    Applications are open now, and more information about how to apply is on the SIA grant for good causes page on GOV.UK. Registered charities and community interest companies in the UK have until Friday 21 February at 11:59 pm to apply for funding. Eligible organisations must show how a grant will benefit the UK private security industry and/or support public safety. 

    Notes to editors 

    The full amount of funding available will be confirmed in due course. 

    About the Proceeds of Crime Act 

    The Proceeds of Crime Act 2002 (POCA) enables the SIA to investigate the financial activity of people who have committed a criminal offence and confiscate the proceeds of crime through a court-issued confiscation order. The SIA has been a designated body under POCA since 2015. 

    The SIA receives a portion of the money it recovers through confiscation orders under the Asset Recovery Incentivisation Scheme (ARIS). This money can only be used to fund its financial investigation capability or distributed to good causes. 

    About the SIA grant for good causes fund 

    Organisations can apply for a grant if they are a registered charity or community interest company (CIC) and can clearly show how they will benefit the UK private security industry and/or support public safety. 

    All the information needed to make an application is available on the SIA grants for good causes page on GOV.UK. Applications close at 11:59 pm on Friday 21 February. 

    There is no guarantee that the organisations which apply will get funding. The SIA will inform successful applicants about its decision by Friday 7 March. 

    Further information 

    The Security Industry Authority is the regulator of the UK’s private security industry. Our purpose is to protect the public through effective regulation of the private security industry and working with partners to raise standards across the sector. We are responsible for licensing people who do certain jobs in the private security industry and for approving private security companies who wish to be part of the voluntary ‘Approved Contractor Scheme’.  

    The SIA is an executive non-departmental public body, sponsored by the Home Office. For more information, visit www.gov.uk/sia. 

    For media enquiries only, please contact media.enquiries@sia.gov.uk.

    Updates to this page

    Published 30 January 2025

    MIL OSI United Kingdom –

  • MIL-OSI Europe: Sweden and Colombia sign law enforcement agreement

    Source: Government of Sweden

    Sweden and Colombia sign law enforcement agreement – Government.se

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    Press release from Ministry for Foreign Affairs, Ministry of Justice

    Published

    On 28 January, Sweden signed a bilateral law enforcement agreement with Colombia during Maria Malmer Stenergard’s visit to Colombia.

    On behalf of the Government, Minister for Foreign Affairs Maria Malmer Stenergard signed a bilateral law enforcement agreement at a ceremony in Bogotá on 28 January together with Colombia’s Minister of Justice Ángela María Buitrago and Minister of National Defence Iván Velásquez. 

    The agreement aims to increase cooperation between Sweden and Colombia in the fight against cross-border organised crime, terrorism, drug trafficking and cybercrime. It also paves the way for increased information exchange, cooperation on capacity building and the exchange of experiences. 

    “Organised crime is a cross-border problem that requires international cooperation with our partners around the world. The Government looks forward to working together with Colombia in this area of vital importance to both our countries,” says Ms Malmer Stenergard. 

    This cooperation agreement that we have now concluded with Colombia is essential to further strengthening our agencies’ efforts to combat serious crime. It’s widely acknowledged that drug smuggling, especially of cocaine, helps finance serious organised crime that severely undermines individuals’ sense of security and integrity, and which is also a systemic threat to our free and open society as a whole. Cross-border problems demand cross-border solutions, and this cooperation is a key part of that,” says Minister for Justice Gunnar Strömmer.

    The law enforcement agreement is part of the bilateral partnership agreement between Sweden and Colombia signed in June 2024 by Prime Minister Ulf Kristersson and President of Colombia Gustavo Petro, during his visit to Sweden.

    Press contact

    MIL OSI Europe News –

  • MIL-OSI Europe: Resistance and decisive action – Sweden’s national strategy against organised crime

    Source: Government of Sweden

    Resistance and decisive action – Sweden’s national strategy against organised crime – Government.se

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    Press release from Ministry of Justice

    Published

    The Swedish Government has adopted Sweden’s first comprehensive national strategy against organised crime. The strategy serves as a direction for the work against organised crime, with the purpose to reduce vulnerabilities exploited by criminals. The national strategy presents priorities and identifies central actors.

    Organised crime poses a serious threat to the Swedish society. The deadly violence and the criminal financial structures used by organised crime actors, and parallel social structures at local level, affect the safety and security of Swedish citizens. Also, the impact of organised crime damages citizens’ trust in public institutions. The national strategy against organised crime that the Swedish Government adopted on 1 February 2024 calls for resistance and action, and it highlights what is necessary in the fight against organised crime. 

    Sweden’s national strategy against organised crime targets five key areas: 

    • Criminal careers must be stopped. 
    • Criminals’ access to illegal firearms and explosives must decrease.
    • The criminal economy must be reduced. 
    • Society must be robust enough to resist the threat of criminal influence. 
    • The system related to identities and identification must be reliable, and government agencies’ possibilities to exchange information must be improved. 

    “With this strategy, we are bringing together a broad range of actors at national, regional and local levels, as well as the private sector and civil society, to combat crime. We need to be proactive, and it is essential that all parts of society contribute – this is not a task for law enforcement only. The national strategy will further amplify the impact of the Government’s decisions and legislative reforms,” says Minister for Justice Gunnar Strömmer.  

    Press contact

    MIL OSI Europe News –

  • MIL-OSI Security: New INTERPOL Regional Bureau for the Middle East and North Africa moves a step closer

    Source: Interpol (news and events)

    30 January 2025

    RIYADH, Saudi Arabia – The creation of a new INTERPOL Regional Bureau the Middle East  and North Africa (MENA) in the Kingdom of Saudi Arabia has taken an important step forward.

    The ‘Host Country Agreement’ was signed at a ceremony attended by Saudi Arabia’s Minister of the Interior, His Royal Highness Prince Abdulaziz Bin Saud Bin Naif bin Abdulaziz, INTERPOL President Ahmed Naser Al-Raisi and INTERPOL Secretary General Valdecy Urquiza.Aimed at strengthening INTERPOL’s engagement with the MENA region, the new Regional Bureau will serve as a hub for the Organization’s activities in supporting member countries in combating transnational crime and terrorism.

    It will also work closely with existing national and regional structures, such as the Arab Interiors Ministers’ Council, GCCPOL, and the Naif Arab University for Security Sciences to strengthen cooperation and information sharing.

    The establishment of the Regional Bureau was first proposed in 2016 at the INTERPOL Chiefs of Police Meeting for the MENA region. The plan was subsequently endorsed by INTERPOL’s General Assembly in Santiago, Chile, in 2019, with final approval for the Host Country Agreement from the Executive Committee in May 2024.

    The Agreement incorporates principles essential to ensuring the Regional Bureau’s proper functioning. The next steps in finalizing the creation and opening of the Regional Bureau will cover the financial, administrative, security and logistical aspects.

    MIL Security OSI –

  • MIL-OSI United Kingdom: Youth Justice Statistics: record lows in custody and first time entrants

    Source: United Kingdom – Executive Government & Departments

    The Youth Justice Annual Statistics for 2023 to 2024 were published today. There are fewer first time entrants and children in custody, but court delays remain a concern.

    The Youth Justice Statistics for 2023 to 24.

    The Youth Justice Statistics for England and Wales reveal a mix of promising trends and areas requiring urgent attention.

    Key findings include:

    • the number of children entering the system for the first time (first-time entrants (FTE)) fell to its lowest level on record (8,300)
    • stop and searches of children by the police decreased by 4% (103,100)
    • court sentences outnumbered Youth Cautions for the first time – 55% of FTEs received a sentence at court compared with 48% in the previous year – this marks an increasing shift toward diversion and alternative approaches to youth justice
    • the numbers of children in custody has fallen by 3% against the previous year and is the lowest number on record (430)
    • the average time from offence to court completion rose to 225 days, the highest on record, highlighting an ongoing challenge for the justice system and victims
    • while there were encouraging decreases in the numbers and proportions of Black children at various stages in the system, the proportion of Mixed ethnicity children in custody has doubled over the last 10 years
    • almost two-thirds (62%) of children remanded to youth detention accommodation did not go on to receive a custodial sentence, this raises significant concerns
    • The proven reoffending rate for children increased to 32.5%, a 0.3 percentage point increase on the previous year, while the number of children and the number of children who reoffended both increased for the first time in the last 10 years.
    • There were reductions in knife and weapon offences, a fall of 6% compared with the previous year and the sixth consecutive year-on-year decrease.

    In addition to the above findings, arrests of children remained stable, even as adult arrests increased by 8%. Despite widespread media coverage and the consequential public perception that children are responsible for a disproportionate amount of criminal activity, arrests of children accounted for just 8% of total arrests.

    There were reductions in knife and weapon offences, a fall of 6% compared with the previous year and the sixth consecutive year-on-year decrease. Although 20% higher than 10 years ago, this shows that local efforts to bring down offences involving weapons are having an impact.

    Court timeliness

    The average time it takes from offence to court completion has not bounced back and is on average 4 days longer than what we saw during the pandemic when there were court closures.

    This is very troubling because delays place a significant strain on children and victims who are looking to move forward in their lives and potentially delaying justice and delaying them from accessing the right support at the right time.

     We believe that the court system needs major changes. We’re working with the Crown Prosecution Service and HM Courts and Tribunals Service to advocate for the Child First framework, which focuses on creating fair and efficient processes for children, cutting down delays, and achieving better results for everyone involved.

    Tackling over-representation

    There were encouraging improvements in reducing the over-representation of children from Black and Mixed ethnicities. However, we must be clear, any over-representation is unacceptable.

    It is of particular concern that the proportion of children with a Mixed ethnicity in custody has doubled over the last decade. This is a stark reminder of the need for systemic reform.  

    We will continue to build partnerships, promote good practice and provide targeted support in community-based solutions such as through the London Accommodation Pathfinder (the LAP). The LAP prioritises boys of Black or Mixed  heritage facing remand to custody and supports them in a more appropriate and effective community setting.

    We continue to have significant concerns about the high use of remand, which means that hundreds of children experience the negative effects of custody and then go on to receive a community sentence, or no sentence at all. This creates additional trauma and exposure to criminality for the children, and also leads to unnecessary risk and costs for the general public.

    Keith Fraser, Chair of the Youth Justice Board, said:

    There are many positives within this report. The numbers of stop and searches and children entering the system for the first time fell once again after increasing in the previous year. The numbers of children in custody continued to fall, knife and weapon offences have reduced for the sixth consecutive year, and arrests and youth cautions/sentences have remained stable at a time when adult arrests rose by 8%.

    We must continue to build on these trends. The evidence tells us that the best way to prevent prolonged offending is to prevent bringing children into the justice system in the first place. This is the route to positive child outcomes, less crime, fewer victims and safer communities.

    I want to express my gratitude to everyone in the youth justice sector for their dedication and hard work. These reductions show that change is possible. Together, we can build on this momentum to ensure better outcomes for all children.

    Youth Justice Board media enquiries

    Youth Justice Board for England and Wales
    Clive House
    70 Petty France
    London
    SW1H 9EX

    Email comms@yjb.gov.uk

    For out-of-hours press queries 020 3334 3536

    Ends

    Notes to editors

    1. These statistics look at data for the youth justice system in England and Wales for the year ending March 2024 (where available). The publication considers the number of children (those aged 10 to 17) in the system, the offences they committed, the outcomes they received, their demographics and the trends over time.
    2. Youth Custody Statistics also incorporate young adults who have remained in the youth estate,
    3. In addition to the report, there is a summary infographic which highlights the main findings.
    4. This release includes dashboards showing local level data. The YJB does not comment on regional data or localised themes as often there are contexts specific to areas and communities which provide more valuable insight into local youth justice. The relevant local authority would be best placed to respond to requests for comment.

    Updates to this page

    Published 30 January 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: West Africa: INTERPOL border operation nets 45 arrests, seizures worth millions

    Source: Interpol (news and events)

    30 January 2025

    Operation Screen targets international crime networks threatening regional security

    LYON, France – An INTERPOL-coordinated border security operation in West Africa has resulted in 45 arrests and the seizure of drugs, counterfeit medicines, and stolen vehicles worth millions of dollars.

    Held from 21 October to 24 November, Operation Screen West Africa 2024 brought together law enforcement agencies from 12 West African countries to strengthen border security and disrupt transnational organized crime networks.

    The operation notably led to the detection of a suspected Islamic State member at the Mali-Niger-Burkina Faso tri-border area and thwarted the plans of a North African suspect planning to transit through Europe to join ISIS in Syria.

    Frontline officers at land, air and sea border points were provided with INTERPOL Mobile Devices (IMDs) to access INTERPOL’s critical global intelligence, enabling them to conduct in real time over 1.3 million checks against INTERPOL’s databases.

    Checks against INTERPOL’s Stolen and Lost Travel Documents database detected 82 individuals travelling on stolen and irregular passports. Mauritanian authorities also launched an investigation into the international trafficking of French and Spanish passports.

     

    Over 1.3 million checks against INTERPOL’s databases were carried out by frontline officers, including in Togo.

    Weapons and ammunitions were seized in Côte d’Ivoire during the operation.

    Senegalese sea patrols participated in the INTERPOL-coordinated border security operation.

    Additionally, 11 suspects wanted internationally under INTERPOL Red Notices were arrested during the operation.

    Operational seizures included:

    • 1.6 tonnes of cocaine worth over USD 50 million in Cabo Verde

    • 10 tonnes of amphetamines in Burkina Faso

    • 33 types of counterfeit medicines in Benin and Togo

    • 40 tonnes of substandard pharmaceuticals in Côte d’Ivoire

    Over 100 luxury vehicles stolen in Canada and European countries were also recovered, exposing a network that trafficked stolen cars to West Africa. Almost 50 per cent of the stolen vehicles originated from Canada, where data sharing via INTERPOL’s database has helped identify over 1,500 stolen Canadian vehicles worldwide since February 2024.

    The proceeds from these stolen vehicles often fund organized crime activities, including arms smuggling, drug trafficking, and terror networks.

    Côte d’Ivoire’s Police Commissaire Divisionnaire Ami Flora Savane Fanny said:

    “By addressing critical challenges that transcend borders, Operation Screen has demonstrated the power of international collaboration in combating the scourges of organized crime and terrorism which undermine the security of our populations and weaken the foundations of our institutions.”

    Mohamed Moussa, INTERPOL’s Operation Screen Coordinator, added:

    “This operation marks a critical step in disrupting transnational organized crime networks that threaten regional stability and undermine efforts to build peace and foster development across West Africa.”

    Note to Editors

    The 12 participating countries were Benin, Burkina Faso, Cabo Verde, Côte d’Ivoire, the Gambia, Ghana, Liberia, Mauritania, Nigeria, Senegal, Sierra Leone and Togo.

    The operation fell under Project I-CT Shield, funded by the German Foreign Federal Office.

    MIL Security OSI –

  • MIL-OSI Europe: OSCE strengthens Albania’s asset recovery efforts

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE strengthens Albania’s asset recovery efforts

    Panelists at an OSCE workshop on asset recovery and extended confiscation in Tirana, 28 January 2025. (OSCE/Joana Karapataqi) Photo details

    The OSCE Transnational Threats Department and the Office of the Co-ordinator of OSCE Economic and Environmental Activities, in co-operation with the OSCE Presence in Albania, organized a workshop on asset recovery and extended confiscation on 28 and 29 January 2025 in Tirana.
    The event brought together key institutions involved in asset recovery including the Prosecutor General’s Office, the Special Structure against Corruption and Organized Crime, district prosecutors and judges, the National Bureau of Investigation, the Albanian State Police, and the Agency for the Administration of Seized and Confiscated Assets. The participants engaged in discussions on international good practices and examined case studies.
    Strengthening the application of extended confiscation mechanisms ensures that crime does not go unpunished and that the recovery of illegal assets is effective, while extended confiscation is a powerful mechanism in disrupting criminal activity as it allows authorities to confiscate assets beyond those that are direct proceeds of crime.
    In his opening remarks, Ambassador Michel Tarran, Head of the OSCE Presence in Albania emphasized the critical role of asset recovery in combating organized crime and corruption. “Through this workshop, we aim to foster a deeper understanding of extended confiscation and asset recovery processes, strengthen institutional collaboration and provide participants with practical tools to enhance their efforts in combating transnational organized crime,” he said.
    Prosecutor General Olsian Çela highlighted that support to the asset recovery efforts in Albania is a further step in the implementation of the Memorandum of Understanding and Co-operation signed between his Office and the OSCE.
    The workshop was conducted as part of the OSCE extra-budgetary project “Strengthening Asset Recovery Efforts in the OSCE Region,” funded by Austria, Germany, Italy and the United States of America.

    MIL OSI Europe News –

  • MIL-OSI Security: New appeal to find man who went missing four years ago

    Source: United Kingdom London Metropolitan Police

    Police are issuing a renewed appeal for information about the whereabouts of a man who went missing from east London four years ago.

    Hussam Bashraheil was last seen in the Poplar area on 14 January 2021. He was 21 years old at the time of his disappearance and would now be 25.

    Officers from the Central East Missing Persons Unit continue to lead on the enquiry. They believe he travelled to the Theydon Bois area of Essex on 30 January 2021. Since then it is possible he has travelled beyond London, and is now living elsewhere in the UK.

    Police believe Hussam may have been going by a different name and could have established links with people in the local homeless communities.

    Hussam’s picture may not accurately reflect how he looks today. At the time of his disappearance he had dark curly hair, however he may have changed his hairstyle or grown facial hair. He is 5ft 11ins tall.

    Officers from the Central East Missing Persons Unit have said: “If anyone has seen or heard from Hussam, or if Hussam is reading this appeal, we would urge them to please contact us. We would like Hussam to know that there are many people concerned for his wellbeing who would be delighted to hear from him again.”

    If you can help contact the police on 101 and quote reference 01/884146/24. You can also report information anonymously to the Missing People charity on 180 000.

    MIL Security OSI –

  • MIL-OSI Security: New INTERPOL Regional Bureau for North Africa and the Middle East moves a step closer

    Source: Interpol (news and events)

    30 January 2025

    RIYADH, Saudi Arabia – The creation of a new INTERPOL Regional Bureau for North Africa and the Middle East (MENA) in the Kingdom of Saudi Arabia has taken an important step forward.

    The ‘Host Country Agreement’ was signed at a ceremony attended by Saudi Arabia’s Minister of the Interior, His Royal Highness Prince Abdulaziz Bin Saud Bin Naif bin Abdulaziz, INTERPOL President Ahmed Naser Al-Raisi and INTERPOL Secretary General Valdecy Urquiza.Aimed at strengthening INTERPOL’s engagement with the MENA region, the new Regional Bureau will serve as a hub for the Organization’s activities in supporting member countries in combating transnational crime and terrorism.

    It will also work closely with existing national and regional structures, such as the Arab Interiors Ministers’ Council, GCCPOL, and the Naif Arab University for Security Sciences to strengthen cooperation and information sharing.

    INTERPOL Secretary General (L) and Saudi Arabia’s Minister of the Interior (R) sign the agreement

    The establishment of the Regional Bureau was first proposed in 2016 at the INTERPOL Chiefs of Police Meeting for the MENA region. The plan was subsequently endorsed by INTERPOL’s General Assembly in Santiago, Chile, in 2019, with final approval for the Host Country Agreement from the Executive Committee in May 2024.

    The Agreement incorporates principles essential to ensuring the Regional Bureau’s proper functioning. The next steps in finalizing the creation and opening of the Regional Bureau will cover the financial, administrative, security and logistical aspects.

    MIL Security OSI –

  • MIL-OSI Australia: Firearms incident at Gulfview Heights

    Source: South Australia Police

    Police are at the scene of an incident at Gulfview Heights.

    About 4.45pm Thursday 30 January police were called to a home on Brabham Crescent after reports that a group of people had broken in and allegedly discharged a firearm injuring one of the occupants.

    The suspects left the scene prior to police arrival. The victim was taken to hospital with a non-life-threatening leg injury.

    Police are investigating the incident. Although the investigation is in its early stages police believe the incident is not random.

    Anyone with information is urged to contact Crime Stoppers at www.crimestopperssa.com.au or phone 1800 333 000 – you can remain anonymous.

    MIL OSI News –

  • MIL-OSI: Leading U.S. Law Firm Chooses Quadient in a Deal Over $1M to Streamline Mailing, Shipping, and Accounting Processes

    Source: GlobeNewswire (MIL-OSI)

    • The deal includes the provision of nearly 100 Quadient mailing systems and cloud-based accounting and shipping software at offices across the country

    Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, announced today a new contract with one of the largest injury law firms in the U.S, transitioning the firm from its long-standing provider to Quadient. Under the new agreement, worth over 1 million dollars, the firm is rolling out nearly 100 Quadient iX-Series mailing systems at offices across the country, all seamlessly integrated with Quadient’s cloud-based S.M.A.R.T. accounting and shipping software.

    The decision reflects the law firm’s commitment to operational excellence as it manages the complexities of mailing and shipping operations for its attorneys who specialize in personal injury, medical malpractice, data breaches, and other legal areas. The firm, which has recovered billions of dollars for its clients, conducted a rigorous proof-of-concept trial with Quadient solutions at three locations in 2024. Following impressive efficiency gains and cost savings, the firm expanded the deployment to all offices, replacing its previous systems with Quadient’s industry-leading technology. 

    “The legal industry, like many others, is undergoing a transformation where efficiency, compliance, and digitalization are no longer optional—they are essential to staying competitive”, said Alain Fairise, Chief Solution Officer for Mail Automation at Quadient. “We are proud to support this leading law firm in its commitment to innovation, helping it create a more agile and future-ready operation. This collaboration reinforces a broader shift toward intelligent, data-driven processes that empower organizations to focus on their core mission while optimizing operational performance.”

    The transition to Quadient’s innovative mail solutions has brought significant benefits to the law firm. By implementing Quadient’s iX-Series and S.M.A.R.T. software, the firm has achieved full compliance with the USPS Intelligent Mail Indicia (IMI) technology standard, ensuring future-proof operations. Additionally, automated workflows have streamlined mailing and shipping processes, significantly reducing manual tasks and enabling staff to focus on strategic legal work. These advancements have not only improved operational efficiency but also generated cost savings projected to reach up to $120,000 annually, while providing enhanced tracking, reporting, and accounting capabilities through robust data-driven insights.

    As businesses navigate an increasingly complex and digital-first world, Quadient remains committed to delivering solutions that drive efficiency, compliance, and sustainability. By choosing Quadient, this leading law firm joins a growing number of organizations leveraging intelligent automation to future-proof their operations. For more information on Quadient’s Mail and Digital solutions, visit mail.quadient.com and quadient.com.

    About Quadient
    Quadient is a global automation platform powering secure and sustainable business connections through digital and physical channels. Quadient supports businesses of all sizes in their digital transformation and growth journey, unlocking operational efficiency and creating meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME investing. For more information about Quadient, visit www.quadient.com.

    Contacts

    Joe Scolaro, Quadient            Sandy Armstrong, Sterling Kilgore
    Global Press Relations Manager   VP of Media & Communications
    +1 203-301-3673   +1-630-699-8979
    j.scolaro@quadient.com     sarmstrong@sterlingkilgore.com

    Attachment

    The MIL Network –

  • MIL-OSI New Zealand: Search continues for missing 24-year-old Travis

    Source: New Zealand Police (District News)

    Police are continuing the search for 24-year-old Travis, who has been missing since 17 January.

    Travis travelled from Wellington to the Waikato region, where his vehicle was located burnt out on a Tolley Road farm in Ngaroma on 18 January.

    Police coordinated a search of the area where his vehicle was located, utilising SAR staff. Private searches have also been carried out by family and friends.

    Some personal items belonging to Travis were found during the search of the area, but there has been no sightings of Travis since 17 January.

    Police would like to hear from anyone who has seen or heard from Travis since 17 January. We are also asking anyone in the wider Ngaroma area to check farm buildings, huts and any CCTV footage.

    If anyone has any information that could help our enquiries, please update us online now or call 105.

    Please use the reference number 250119/4439.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Fatal crash: Chatham Road, Flaxmere

    Source: New Zealand Police (National News)

    Police can confirm one person has died following a crash on Chatham Road this afternoon.

    The crash involved a car and a cyclist, and was reported to Police just before 6pm.

    The cyclist sadly died at the scene.

    Chatham Road is currently closed while a scene examination is conducted.

    Motorists are advised to avoid the area and expect delays.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI: Academician Lingyun Xiang was awarded the International Cultural Exchange Ambassador Certificate by the Ukrainian Ambassador to China

    Source: GlobeNewswire (MIL-OSI)

    Beijing, China, Jan. 30, 2025 (GLOBE NEWSWIRE) — Recently, Professor Lingyun Xiang, a Foreign Academician of the National Academy of Engineering of Ukraine, was awarded the International Cultural Exchange Ambassador Certificate by the Embassy of Ukraine in China.

    Ukrainian diplomat Gili and the Secretary to Professor Lingyun Xiang, a Foreign Academician of the National Academy of Engineering of Ukraine in China.

    Ukraine, with its capital Kyiv, is located in Eastern Europe along the northern coasts of the Black Sea and the Sea of Azov. It shares borders with Belarus to the north, Russia to the northeast, Poland, Slovakia, and Hungary to the west, and Romania and Moldova to the south. Rich in mineral resources, Ukraine covers 603,700 square kilometers, making it the second-largest country in Europe by land area. The country is divided into 24 oblasts (provinces), one autonomous republic (the Republic of Crimea), and two cities with special status (the capital Kyiv and Sevastopol).

    As of September 2022, Ukraine’s total population was 41.13 million (excluding the Crimea region). Ukraine is classified as a developing country with a highly advanced agricultural sector, though its industrial development, particularly in manufacturing, lags. Ukraine ranks as the fifth-largest exporter of IT services in the world. It is the largest market for software development, programming, and IT outsourcing services in Central and Eastern Europe. In 2021, Ukraine’s GDP was approximately $200 billion.

    The National Academy of Engineering of Ukraine (Академія Інженерних Наук України) is one f Ukraine’s highest academic institutions. It originated as the Ukrainian Republic Branch of the Soviet Union Academy of Engineering. In 1998, it became a member of the International Council of Academies of Engineering and Technological Sciences (CAETS), a global alliance that includes engineering academies from 27 countries, such as the Chinese Academy of Engineering.

    As of December 2023, the National Academy of Engineering of Ukraine has over 160 academicians, more than 130 corresponding members, and over 50 foreign academicians. The current president of the academy is Petro Mihailovich Talanchuk, who previously served as Ukraine’s Minister of Education and Science, President of the National Technical University of Ukraine (formerly Kyiv Polytechnic Institute), a candidate in the 1994 Ukrainian presidential election, and currently an advisor to the President of Ukraine.

    Professor Xiang was elected on July 22, 2024. He is also a recipient of the British King’s Medal and the European Outstanding Achievement Award, a Fellow of the Royal Society of the United Kingdom, a Lifetime Fellow of the Royal Academy of Engineering of the United Kingdom, and a Foreign Full Member of Academy of Engineering Sciences of Ukraine, a lifelong full-time professor of the European Union University, a lifelong professor (doctoral supervisor) of the National University of Maryland, a Special Term professor of Peking University Boya, a visiting professor of Beijing Union University, a visiting professor of Capital Normal University, a visiting professor of Shaanxi University of Science & Technology.

    The MIL Network –

  • MIL-OSI: Nokia Corporation Financial Report for Q4 and full year 2024

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Financial Statement Release
    30 January 2025 at 08:00 EET

    Nokia Corporation Financial Report for Q4 and full year 2024

    Strong Q4 growth and profitability as market trends improve

    • Q4 net sales increased 9% y-o-y in constant currency (10% reported). Network Infrastructure net sales grew strongly with all units contributing, Nokia Technologies grew significantly and Cloud and Network Services also grew in Q4.
    • Comparable gross margin in Q4 increased by 250bps y-o-y to 47.2% (reported increased 280bps to 46.1%), with a strong contribution from Nokia Technologies along with smaller contributions from other businesses.
    • Q4 comparable operating margin increased 380bps y-o-y to 19.1% (reported up 540bps to 15.3%), mainly due to higher gross margin, continued cost control and higher contribution from Nokia Technologies.
    • Q4 comparable diluted EPS for the period of EUR 0.18; reported diluted EPS for the period of EUR 0.15.
    • Q4 free cash flow of EUR 0.05 billion, net cash balance of EUR 4.9 billion.
    • Full year 2024 net sales declined 9% in both reported and constant currency, of which 7 percentage points was related to India. Comparable operating profit was EUR 2.6 billion (reported EUR 2.0 billion).
    • Full year comparable diluted EPS of EUR 0.39; reported diluted EPS of 0.23.
    • Board proposes dividend authorization of EUR 0.14 per share.
    • Nokia issues full year 2025 outlook on an organic basis. Nokia expects comparable operating profit of between EUR 1.9 billion and 2.4 billion and free cash flow conversion from comparable operating profit of between 50% and 80%.

    This is a summary of the Nokia Corporation Financial report for Q4 and full year 2024 published today. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group’s financial information as well as on Nokia’s outlook. The detailed, segment-level discussion will be available in the complete financial report hosted at www.nokia.com/financials. A video interview summarizing the key points of our Q4 results will also be published on the website. Investors should not solely rely on summaries of Nokia’s financial reports and should also review the complete reports with tables.

    PEKKA LUNDMARK, PRESIDENT AND CEO, ON Q4 AND FULL YEAR 2024 RESULTS

    In the following quote, net sales growth rates are on a constant currency basis
    We saw a strong finish to 2024 with 9% net sales growth year-on-year in Q4. I am optimistic that the improving market trends we are now seeing will persist into 2025. Alongside the net sales growth, we saw excellent profitability in Q4 with a comparable operating margin of 19.1%. This meant our full year comparable operating profit was EUR 2.6 billion, at the mid-point of our guidance of EUR 2.3 to 2.9 billion.

    All business groups delivered a strong operational performance in the quarter. Net sales growth in Network Infrastructure accelerated to 17%, with IP Networks growing 24%, Fixed Networks 16% and Optical Networks 7%. This reflected a strong recovery in demand from communication service providers, notably in North America.

    Mobile Networks net sales stabilized with continued resilience in gross margin. We also secured many important deals, winning 18 000 additional base station sites, since the start of 2024 on a net basis. This was achieved while maintaining our commercial and pricing discipline to protect our gross margins.

    Cloud and Network Services returned to 7% net sales growth in the quarter, despite a headwind of 4 percentage points from a prior business disposal, and its operating margin improved over the full year. Both Core Networks and Enterprise Campus Edge grew strongly. The fourth quarter saw the acquisition of Rapid’s technology assets. This will bolster our R&D capacity in Network as Code and increase our developer access. Taken together with our autonomous networks application suite, we are accelerating our efforts to help operators fully automate and monetize their networks.

    Nokia Technologies had an extremely active quarter. We signed a deal with Transsion, a previously unlicensed mobile devices vendor, along with multimedia deals with HP and Samsung, as well as many other smaller deals. Our annual net sales run-rate increased to approximately between EUR 1.3 and 1.4 billion in Q4, progressing towards our mid-term EUR 1.4 to 1.5 billion target.

    We delivered a strong cash performance throughout 2024, ending with full year free cash flow of EUR 2.0 billion. This means we continue to have a strong balance sheet supporting our business with net cash of EUR 4.9 billion at the end of the year, even after returning EUR 1.4 billion to shareholders through dividend and share buybacks. The Board is proposing an increase in the dividend to EUR 0.14 per share in respect of the financial year 2024. We also continue to execute against our outstanding share buyback program to offset any dilution from the equity component of our pending Infinera acquisition. Going forward, our target remains to maintain a net cash position of between 10-15% of annual net sales.

    Q4 also saw further progress in efforts to expand our presence in the data center market. We signed important deals with Microsoft and Nscale for our data center switching products, along with announcing partnerships with both Kyndryl and Lenovo. We are now stepping up our investments to broaden our addressable market in data center IP networking. We will invest up to an additional EUR 100 million in annual operating expenses with a view to driving incremental net sales of EUR 1 billion by 2028. In the short-term this will moderate the pace of operating margin expansion in Network Infrastructure, but we anticipate a strong return on investment considering the momentum we already have today in the market.

    Looking further ahead into 2025, we expect the improved trends we have seen in Network Infrastructure in the second half of this year, to sustain and drive strong growth. Cloud and Network Services is also expected to grow with strong 5G Core momentum and growth in our Enterprise Campus Edge business. End markets in Mobile Networks are improving and we currently assume largely stable net sales. Nokia Technologies is expected to deliver approximately EUR 1.1 billion of operating profit.

    At the Nokia level, we currently estimate we will deliver comparable operating profit of between EUR 1.9 and 2.4 billion in 2025. We also target free cash flow conversion from comparable operating profit of between 50% and 80%. Excluding the one-time items that benefited 2024 by over EUR 700 million which were mostly in the first half of the year, this guidance would imply a strong improvement in our comparable operating profit in 2025 despite select increased investments.

    Given the market volatility in 2024, our results demonstrate the responsiveness and capacity of the Nokia team to execute in all market conditions. I thank the whole Nokia team for their commitment, hard work and drive which made these results possible.

    FINANCIAL RESULTS

    EUR million (except for EPS in EUR) Q4’24 Q4’23 YoY change Constant currency YoY change Q1-Q4’24 Q1-Q4’23 YoY change Constant currency YoY change
    Reported results                
    Net sales 5 983 5 416 10% 9% 19 220 21 138 (9)% (9)%
    Gross margin % 46.1% 43.3% 280bps   46.1% 40.4% 570bps  
    Research and development expenses (1 136) (1 080) 5%   (4 512) (4 277) 5%  
    Selling, general and administrative expenses (789) (774) 2%   (2 890) (2 878) 0%  
    Operating profit 917 534 72%   1 999 1 661 20%  
    Operating margin % 15.3% 9.9% 540bps   10.4% 7.9% 250bps  
    Profit/(loss) from continuing operations 746 (51)     1 711 649 164%  
    Profit/(loss) from discontinued operations 67 18 272%   (427) 30    
    Profit/(loss) for the period 813 (33)     1 284 679 89%  
    EPS for the period, diluted 0.15 (0.01)     0.23 0.12 92%  
    Net cash and interest-bearing financial investments 4 854 4 323 12%   4 854 4 323 12%  
    Comparable results                
    Net sales 5 983 5 416 10% 9% 19 220 21 138 (9)% (9)%
    Gross margin % 47.2% 44.7% 250bps   47.1% 41.1% 600bps  
    Research and development expenses (1 129) (1 023) 10%   (4 298) (4 143) 4%  
    Selling, general and administrative expenses (638) (615) 4%   (2 423) (2 448) (1)%  
    Operating profit 1 142 830 38%   2 619 2 337 12%  
    Operating margin % 19.1% 15.3% 380bps   13.6% 11.1% 250bps  
    Profit for the period 977 555 76%   2 175 1 590 37%  
    EPS for the period, diluted 0.18 0.10 80%   0.39 0.28 39%  
    ROIC(1) 13.0% 9.9% 310bps   13.0% 9.9% 310bps  

    1 Comparable ROIC = Comparable operating profit after tax, last four quarters / invested capital, average of last five quarters’ ending balances. Refer to the Alternative performance measures section in Nokia Corporation Financial Report for Q4 and full year 2024 for details.

    Business group results Network
    Infrastructure    		 Mobile
    Networks    		 Cloud and Network Services Nokia
    Technologies    		 Group Common and Other
    EUR million Q4’24 Q4’23 Q4’24 Q4’23 Q4’24 Q4’23 Q4’24 Q4’23 Q4’24 Q4’23
    Net sales 2 031 1 712 2 431 2 450 1 054 977 463 251 6 25
    YoY change 19%   (1)%   8%   84%   (76)%  
    Constant currency YoY change 17%   (2)%   7%   85%   (76)%  
    Gross margin % 45.4% 44.7% 38.1% 38.3% 48.1% 47.6% 99.8% 100.0%    
    Operating profit/(loss) 398 264 187 281 236 223 356 169 (35) (106)
    Operating margin % 19.6% 15.4% 7.7% 11.5% 22.4% 22.8% 76.9% 67.3%    

    SHAREHOLDER DISTRIBUTION

    Dividend

    The Board of Directors proposes that the Annual General Meeting 2025 authorizes the Board to resolve on the distribution of an aggregate maximum of EUR 0.14 per share to be paid in respect of the financial year 2024. The authorization would be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the authorization period, in connection with the quarterly results, unless the Board decides otherwise for a justified reason.

    Under the current authorization by the Annual General Meeting held on 3 April 2024, the Board of Directors may resolve on the distribution of an aggregate maximum of EUR 0.13 per share to be paid in respect of financial year 2023. The authorization will be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the authorization period, in connection with the quarterly results, unless the Board decides otherwise for a justified reason.

    On 30 January 2025, the Board resolved to distribute a dividend of EUR 0.03 per share. The dividend record date is 4 February 2025 and the dividend will be paid on 13 February 2025. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments.

    Following this announced distribution of the fourth installment and executed payments of the previous installments, the Board has no remaining distribution authorization.

    Share buyback programs

    In January 2024, Nokia’s Board of Directors initiated a share buyback program to repurchase shares to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The share buyback execution started on 20 March 2024. On 19 July 2024, Nokia’s Board of Directors decided to accelerate the timeframe for the share buyback program with the aim of completing the full EUR 600 million program by the end of the year instead of the initial two year timeframe. The program was completed on 21 November 2024 and the repurchased 157 646 220 shares were canceled on 4 December 2024.

    On 27 June 2024, Nokia announced its intention to acquire Infinera in a transaction that valued Infinera at US$1.7 billion equity value with up to 30% of the consideration to be paid in Nokia American depositary shares (“ADSs”), depending on the elections of Infinera shareholders. To offset the dilution from the transaction to Nokia shareholders, on 22 November 2024 Nokia announced a new share buyback program targeting to repurchase 150 million shares for an aggregate purchase price not exceeding EUR 900 million. Under this share buyback program, by 31 December 2024, Nokia had repurchased 19 186 046 of its own shares at an average price per share of approximately EUR 4.14.

    OUTLOOK

      Full Year 2025
    Comparable operating profit(1) EUR 1.9 billion to EUR 2.4 billion (excluding any impact from pending Infinera acquisition)
    Free cash flow(1) 50% to 80% conversion from comparable operating profit (excluding any impact from pending Infinera acquisition)

    1Please refer to Alternative performance measures section in Nokia Corporation Financial Report for Q4 and full year 2024 for a full explanation of how these terms are defined.

    The outlook, long-term targets and all of the underlying outlook assumptions described below are forward-looking statements subject to a number of risks and uncertainties as described or referred to in the Risk Factors section later in this report. release.

    Along with Nokia’s official outlook targets provided above, Nokia provides the below additional assumptions that support the group level financial outlook. Considering the pending Infinera acquisition along with the transfer of Managed Services from Cloud and Network Services to Mobile Networks (further details of this transfer are included in the Additional Topics section), Nokia is not currently providing assumptions by business group as it did previously.

      Full year 2025
    Group Common and Other operating expenses approximately
    EUR 400 million
    Comparable financial income and expenses Positive EUR 50 to 150 million
    Comparable income tax rate ~25%
    Cash outflows related to income taxes EUR 450 million
    Capital Expenditures EUR 550 million

    2026 TARGETS

    Nokia’s current targets for its existing perimeter of the business for 2026 are outlined below. This does not consider pending acquisitions. Nokia sees further opportunities to increase margins beyond 2026 and believes an operating margin of 14% remains achievable over the longer term.

    Net sales Grow faster than the market
    Comparable operating margin(1) ≥ 13%
    Free cash flow(1) 55% to 85% conversion from comparable operating profit

    1 Please refer to Alternative Performance measures section in Nokia Corporation Financial Report for Q4 and full year 2024 for a full explanation of how these terms are defined.

    The comparable operating margin target for Nokia group is built on the following assumptions by business group for 2026:

    Network Infrastructure 13 – 16% operating margin
    Mobile Networks 6 – 9% operating margin
    Cloud and Network Services 7 – 10% operating margin
    Nokia Technologies Operating profit more than EUR 1.1 billion
    Group common and other Approximately EUR 300 million of operating expenses

    ADDITIONAL TOPICS

    Progress on Infinera acquisition
    On 27 June 2024, Nokia announced a definitive agreement under which Nokia will acquire Infinera, a global supplier of innovative open optical networking solutions and advanced optical semiconductors. The acquisition process continues to proceed as expected. On 13 September 2024, the applicable waiting period under the US pre-merger review expired and the Department of Justice decided not to investigate the planned transaction. On 1 October 2024, Infinera shareholders approved the planned acquisition. On 7 October 2024, Nokia and Infinera received approval from the Committee on Foreign Investment in the United States (CFIUS). During the fourth quarter Nokia received many of the outstanding required approvals for the deal. At this point approval from the European Union and Taiwan, along with contractual closing conditions, are the major items outstanding to proceed to closing. Assuming the current target timelines, Nokia and Infinera now expect the deal to close during the first quarter of 2025.

    Nokia exercised NSB call option to simplify ownership structure in China

    Nokia and its joint venture partner China Huaxin have been together reviewing the future ownership structure of Nokia Shanghai Bell (NSB). Following those discussions, Nokia exercised its call option, outlined in NSB’s shareholders’ agreement, to initiate the process to become the sole shareholder by purchasing China Huaxin’s approximately 50% share in NSB. This will allow Nokia to simplify its ownership structure in China while Nokia remains committed to continue serving the local market.
    Since the creation of the joint venture Nokia has recorded a liability on its balance sheet based on the estimated future cash settlement to acquire China Huaxin’s ownership interest. The execution of the call option is subject to completing required steps under the shareholders’ agreement.

    Managed Services business transferred from Cloud and Network Services into Mobile Networks in 2025
    Nokia has moved its Managed Services business into Mobile Networks (MN), effective 1 January 2025. The Managed Services business provides outsourced network management of multi-vendor RAN networks for operators and since 2021 has been part of our Cloud and Network Services (CNS) business group. Considering CNS is increasingly transitioning towards cloud-native software sales, ‘as-a-service’ product offerings and helping customers to monetize networks through API’s, Nokia believes that this business is more aligned and fits better with its MN business. Based on 2024 results, this change is expected to lead to a transfer of approximately EUR 430 million of net sales and approximately EUR 40 million of comparable operating profit from CNS to MN. Nokia will provide recast financial information for 2024 for MN and CNS reflecting this change prior to Nokia’s Q1 financial results.

    RISK FACTORS

    Nokia and its businesses are exposed to a number of risks and uncertainties which include but are not limited to:

    • Competitive intensity, which is expected to continue at a high level as some competitors seek to take share;
    • Changes in customer network investments related to their ability to monetize the network;
    • Our ability to ensure competitiveness of our product roadmaps and costs through additional R&D investments;
    • Our ability to procure certain standard components and the costs thereof, such as semiconductors;
    • Disturbance in the global supply chain;
    • Impact of inflation, increased global macro-uncertainty, major currency fluctuations, changes in tariffs and higher interest rates;
    • Potential economic impact and disruption of global pandemics;
    • War or other geopolitical conflicts, disruptions and potential costs thereof;
    • Other macroeconomic, industry and competitive developments;
    • Timing and value of new, renewed and existing patent licensing agreements with licensees;
    • Results in brand and technology licensing; costs to protect and enforce our intellectual property rights; on-going litigation with respect to licensing and regulatory landscape for patent licensing;
    • The outcomes of on-going and potential disputes and litigation;
    • Our ability to execute, complete, successfully integrate and realize the expected benefits from our ongoing transactions;
    • Timing of completions and acceptances of certain projects;
    • Our product and regional mix;
    • Uncertainty in forecasting income tax expenses and cash outflows, over the long-term, as they are also subject to possible changes due to business mix, the timing of patent licensing cash flow and changes in tax legislation, including potential tax reforms in various countries and OECD initiatives;
    • Our ability to utilize our Finnish deferred tax assets and their recognition on our balance sheet;
    • Our ability to meet our sustainability and other ESG targets, including our targets relating to greenhouse gas emissions;

    as well the risk factors specified under Forward-looking statements of this release, and our 2023 annual report on Form 20-F published on 29 February 2024 under Operating and financial review and prospects-Risk factors.

    FORWARD-LOOKING STATEMENTS

    Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, projects, programs, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and the general or regional macroeconomic conditions on our businesses, our supply chain, the timing of market changes or turning points in demand and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to our ongoing transactions, investments and changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including “anticipate”, “continue”, “believe”, “envisage”, “expect”, “aim”, “will”, “target”, “may”, “would”, “see”, “plan” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in the Risk Factors above.

    ANALYST WEBCAST

    • Nokia’s webcast will begin on 30 January 2025 at 11.30 a.m. Finnish time (EET). The webcast will last approximately 60 minutes.
    • The webcast will be a presentation followed by a Q&A session. Presentation slides will be available for download at www.nokia.com/financials.
    • A link to the webcast will be available at www.nokia.com/financials.
    • Media representatives can listen in via the link, or alternatively call +1-412-317-5619.

    FINANCIAL CALENDAR

    • Nokia plans to publish its “Nokia in 2024” annual report, which includes the review by the Board of Directors and the audited annual accounts, during the week starting on 10 March 2025.
    • Nokia plans to publish its first quarter 2025 results on 24 April 2025.
    • Nokia’s Annual General Meeting 2025 is planned to be held on 29 April 2025.
    • Nokia plans to publish its second quarter and half year 2025 results on 24 July 2025.
    • Nokia plans to publish its third quarter and January-September 2025 results on 23 October 2025.

    About Nokia

    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia
    Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia
    Investor Relations
    Phone: +358 931 580 507
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network –

  • MIL-Evening Report: As antisemitic attacks reach ‘disturbing’ levels, is strengthening hate crime laws the answer?

    Source: The Conversation (Au and NZ) – By Keiran Hardy, Associate Professor, Griffith Criminology Institute, Griffith University

    Mike Burgess, head of the Australian Security Intelligence Organisation, has issued a stark warning following the discovery of explosives in a caravan in northwest Sydney, alongside a note bearing the address of a Sydney synagogue.

    We have seen a disturbing escalation in the targeting of Jewish interests, and a disturbing escalation in the severity and recklessness of the targeting.

    In response to the recent spate of antisemitic incidents in Sydney – which include a childcare centre being set alight and graffitied – NSW Premier Chris Minns has also pledged to strengthen the state’s hate laws.

    Changes to these laws would bring NSW in line with other states. However, they will have limited impact on a serious social problem. Both nationally and in the states, many existing laws can be used to prosecute people for these crimes, including incitement to violence on the basis of religion, race or ethnicity.

    Responding quickly to the growing crisis around antisemitic attacks is understandable, but greater long-term investments must also be made to prevent extreme, hateful beliefs from developing in our communities in the first place.

    What crimes are being committed?

    Different laws can be triggered depending on the nature of a particular offence.

    The firebombing of a Melbourne synagogue late last year was treated as an act of terrorism, while a joint counter-terrorism team is investigating the caravan explosives.

    Other hateful acts can be charged as arson, property damage or serious vilification.

    For conduct to be treated as terrorism, it must be done for the purpose of advancing a political, religious or ideological cause.

    Extreme right-wing or neo-Nazi beliefs can certainly satisfy this. But whether an individual case will be treated as terrorism depends on whether there is enough evidence of an underlying ideological motive.

    Serious vilification offences apply when someone incites others to cause harm on the basis of race, religion, sexuality or gender identity.

    Both nationally and in the states, new offences also apply for displaying Nazi symbols. Neo-Nazis who were arrested after a march in Adelaide this month, for example, were charged with various offences, including failing to cease loitering and displaying a Nazi symbol.



    Read more:
    Legal in one state, a crime in another: laws banning hate symbols are a mixed bag

    What is NSW considering changing?

    The biggest change would be to section 93Z of the NSW Crimes Act.

    Section 93Z is a serious vilification offence, but it applies only to the incitement of violence. Equivalent offences in other states are broader because they also include incitement to hatred, serious contempt or severe ridicule.

    In Queensland, this requires threats or inciting threats of physical harm. In Victoria, changes likely to pass in parliament soon would remove a similar harm requirement.

    In NSW, vilification on broader grounds is still unlawful, but it falls under civil law. Complaints can be made to Anti-Discrimination NSW and this may lead to lawsuits and potential compensation – but not criminal prosecution.

    It makes sense for NSW to match section 93Z to equivalent laws in other states. But this would go against the very recent recommendations of the NSW Law Reform Commission.

    In its report last November, the commission concluded that strengthening laws is not always the best way to address underlying social issues. It said the low prosecution rate for section 93Z could be explained by police preferring other, more serious offences for these types of crimes.

    Still, it appears Minns may go ahead with the reforms, saying an antisemitic attack “begins with hateful, racist language”.

    If I can stop it at its source with changes to the law, that’s exactly what we’ll do.

    Would these changes make a difference?

    The proposed changes are quite technical and are unlikely to have a significant impact on the growing threat of antisemitism.

    Widening section 93Z could generate some additional prosecutions for hate speech that falls below inciting violence. But in most cases, other, more serious offences are already available to prosecutors.

    Ultimately, in addition to the ongoing investigations, there needs to be greater investment in efforts to understand extremism in Australian society. This includes developing clearer answers to these questions:

    • why extreme, hateful beliefs are thriving in our communities
    • who is most likely to develop these beliefs and act on them, and
    • how extremist narratives can best be countered, in our communities and online.

    Countering violent extremism programs are improving over time. These include interventions for at-risk youth and broader efforts to educate communities. But investments in these approaches have never kept pace with changes to the criminal law.

    Antisemitism has no place in Australian society, and changing the law in NSW will send a quick message that the government is taking the problem seriously. But taking it seriously also means doing whatever else we can as a society to ensure no one experiences hate or violence for who they are or what they believe.

    Keiran Hardy receives funding from the Australian Research Council for a Discovery Project on conspiracy-fuelled extremism.

    – ref. As antisemitic attacks reach ‘disturbing’ levels, is strengthening hate crime laws the answer? – https://theconversation.com/as-antisemitic-attacks-reach-disturbing-levels-is-strengthening-hate-crime-laws-the-answer-248549

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: January 29th, 2025 Heinrich Delivers Hour-Long Floor Remarks on President Trump’s Unlawful Federal Funding Blockade

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich
    VIDEO
    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.) delivered remarks on the Senate floor uplifting stories from communities across New Mexico on how President Trump’s unlawful unilateral blockade of all federal grant funding is creating chaos and harming the lives of New Mexicans.
    VIDEO: U.S. Senator Martin Heinrich (D-N.M.) delivers hour-long remarks on the Senate floor uplifting New Mexicans voices and highlighting how President Trump’s unlawful federal funding blockade threw the entire country into chaos, January 29, 2025.
    “In an overnight maneuver on Monday, President Trump unlawfully and unilaterally blockaded much of the federal budget,” Heinrich said. “Hitting “send” on a two-page memo, the Trump administration triggered a chaotic 24-hours that threw every town, county, Tribe, nonprofit, doctor’s office, hospital, nursing home, school, and preschool into total disarray.”
    “We need to call out Trump’s brazen action for what it really was: a power grab, and it was a test run to see just how much he can get away with,” Heinrich continued. “President Trump and his cronies are testing how far they can go to dismantle and dismember our democracy in service of his strongman impulses and ideological agenda.
    As a member of the Senate Appropriations Committee, I know how much work goes in to writing and passing our funding laws. I am here now talking on the Senate floor because I will fight like hell to stop this – or any – of Trump’s brazen, illegal funding blockades.”
    In his remarks, Heinrich uplifted New Mexicans’ voices by reading letters he has received over the last 48 hours from constituents. Find the video of Heinrich reading letters from New Mexicans here.
    He detailed a number of federal funding programs that impact New Mexico and were thrown into uncertainty by Trump’s funding freeze. Find the video of Heinrich detailing those programs here.
    Heinrich provided specific examples of New Mexico organizations that were disrupted by Trump’s funding freeze. Find the video of Heinrich providing those specific examples here.
    Heinrich also detailed how the Trump administration’s ongoing unlawful hold on Infrastructure Law and Inflation Reduction Act federal funds is harming New Mexico’s Communities. Find the video of Heinrich detailing the Infrastructure Law and Inflation Reduction Act federal funds here.
    Heinrich concluded his remarks by calling on his Republican colleagues to demand that President Trump work together with Democrats on the challenges Americans want them to solve, saying, “This type of chaos and uncertainty is not what Americans elected President Trump to deliver. It’s certainly not what New Mexicans sent me to Washington to deliver. Americans are calling on us — all of us — to work together on policies that will bring down the cost of their groceries, rent, internet, and health care. They want us to help get fentanyl off our streets, make our communities safer, and support survivors of sexual assault, and put our veterans in safe housing. They want us to help the small businesses, support the public lands that are the beating heart of their local economies, and create jobs they can build their families around, in their home communities. What they don’t want is all of this chaos.”
    He finished, “I would hope that my Republican and Democratic colleagues alike would join me in calling on the President to get back to following the laws we passed together. Let’s get back to creating certainty that our communities — and our democracy itself — depend upon. As Benjamin Franklin put it years ago, this is a Republic — If We Can Keep It. I will fight like hell to keep it. And I know I am not alone.”
    To share how Trump’s blockade is affecting you, write to Senator Heinrich here.
    Earlier today, Heinrich joined a press conference with Senate Democratic Leader Chuck Schumer (D-N.Y.) to highlight how President Trump’s unlawful federal grant funding freeze threw the lives of New Mexicans into chaos. Find the video of that press conference here.
    Yesterday, Heinrich delivered remarks on the Senate floor slamming Trump’s unlawful federal funding blockade. In his remarks, Heinrich pointed to the illegality of this action, citing the law that Congress passed — the Impoundment Control Act of 1974 — after President Richard Nixon tried to withhold Congressionally appropriated funds.
    Heinrich also hosted a press conference with the N.M. Delegation on the federal funding blockade and released a statement condemning Trump’s unlawful direction.

    MIL OSI USA News –

  • MIL-OSI Australia: Southern suburbs man to face court

    Source: South Australia Police

    Today, detectives from the Joint Anti Child Exploitation Team, a joint team between the South Australia Police and the Australian Federal Police, arrested a southern suburbs man for online child sex offences.

    The 34-year-old was charged with possess child exploitation material.  He was refused police bail and will appear in the Christies Beach Magistrates Court tomorrow, Friday 31 January.

    Detective Chief Inspector George Fenwick, from SAPOL’s Public Protection Branch, said, “Possession and sharing of child abuse material is not a victimless crime. South Australia Police, alongside our partner agencies, are absolutely committed to prosecuting anyone who offends against our community’s most vulnerable.

    “I urge anyone in the community who needs to access support to visit the ACCCE website – www.accce.gov.au – for a full list of available support services with contact details.”

    CO2500004351

    MIL OSI News –

  • MIL-OSI Security: FBI Washington Field Office Statement on Aviation Incident at Ronald Reagan Washington National Airport

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    The FBI Washington Field Office’s National Capital Response Squad is responding to an aviation incident at Ronald Reagan Washington National Airport in support of our law enforcement and public safety partners. Please direct questions to the National Transportation Safety Board.

    MIL Security OSI –

  • MIL-OSI Security: Waterbury Felon Sentenced to 46 Months in Federal Prison for Firearm Offense

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    Marc H. Silverman, Acting United States Attorney for the District of Connecticut, announced that ANFERNEE D. DANCY, 28, of Waterbury, was sentenced today by U.S. District Judge Vernon D. Oliver in Hartford to 46 months of imprisonment, followed by 30 months of supervised release, for unlawful possession of a firearm.

    According to court documents and statements made in court, on August 22, 2023, Waterbury Police attempted to stop an SUV Dancy was driving in Waterbury.  Dancy reversed the SUV, collided with one of the police cruisers, and attempted to flee on foot.  After a struggle, he was taken into custody.  A search of the SUV revealed a loaded Jimenez Arms, Inc. 9mm handgun, a quantity of crack cocaine, a digital scale, and $282 in cash.

    Dancy’s criminal history includes felony convictions in Connecticut for burglary in the first degree, risk of injury to children, and failure to appear in the first degree.  It is a violation of federal law for a person previously convicted of a felony offense to possess a firearm or ammunition that has moved in interstate or foreign commerce.

    Dancy has been detained since his arrest.  On October 7, 2024, he pleaded guilty to unlawful possession of a firearm by a felon.

    This matter was investigated by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) and the Waterbury Police Department.  The case was prosecuted by Assistant U.S. Attorney Sean P. Mahard.

    This prosecution was brought through the Justice’s Department’s Project Safe Neighborhoods (PSN) program, a program bringing together all levels of law enforcement and the communities they serve to reduce gun violence and other violent crime, and to make our neighborhoods safer for everyone.  In May 2021, the Justice Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.  For more information about Project Safe Neighborhoods, please visit www.justice.gov/psn.

    MIL Security OSI –

  • MIL-OSI New Zealand: Firearms, cash and drugs seized in Hawke’s Bay search warrant

    Source: New Zealand Police (National News)

    Attribute to Acting Detective Sergeant Steve Leonard

    Police have arrested one person and seized firearms, drugs and cash from the central Hawke’s Bay property of an Outlaws gang member.

    Three firearms, methamphetamine and cash were seized after Police executed a warrant at the address, this included a fully loaded Beretta pistol that was found in a bag alongside a quantity of methamphetamine.

    A 46-year-old man appeared in the Hastings District Court today and has been remanded in custody until his next appearance.

    Police will continue to work to disrupt organised crime and ensure the profits of such activity does not land in the hands of those at the forefront of the offending.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –