Benchmark has four U.S. ITAR-compliant facilities.
ITAR is a US federal regulation governing the export or import defense-related articles and services as designated on the US Munitions List.
Can bid for military and aerospace programs.
IRobot became a new customer.

When BHE overseas plants ramp up the margins will increase faster. Deals in China + more
have them paying taxes in the single digits till 2012.

Interest income was about $1.5M higher for last yr's comparable Q.
So if interest rates improve, upside to interest
income on their cash horde will improve.

BHE intends to hold its ($48M) ARS (student loans or SLARS) to maturity or when market recovers to be sold. It has gov't backing and insured. Continues to pay interest.
TALF [Troubled Asset Lending Facility] legislation may be amended to include ARS as an eligible asset class for FDIC guarantees.
Also settlements may be received.
Should a positive market return or sale possible, $5.8M+ could be marked as a gain.