According to the Department of Defense, “Harris (NYSE: HRS) was awarded a $78, 500, 000 firm-fixed-price contract for Foreign Military Sales radio base stations, vehicle mounts, and man packs for the government of the Philippines. Work is to be performed in Rochester, N.Y., with an estimated completion date of Nov. 1, 2010. One bid was solicited with one bid received. CECOM Acquisition Center, Fort Monmouth, N.J., is the contracting activity (DAAB07-01-D-M001).”
Federal contract spending reached $681B in fiscal year 2020 driven by budget increases for agencies within the Department of Defense and efforts to address the COVID-19 pandemic, Bloomberg Government reported Tuesday.
Bloomberg Government analysts forecast that the federal government will invest more than $93B in information technology programs if current spending trends continue across agencies, Nextgov reported Tuesday. “Based on historical spending trends, we’re looking at between $93 and $94B in an IT budget, about half of which will go to civilian agencies and the other
A new PwC report says the total value of mergers and acquisitions in the global aerospace and defense industry was $5.9B in the third quarter of 2018, down 49 percent from the same period last year. PwC said the number of M&A deals in the A&D sector plummeted 18 percent to 89 transactions in Q3 2018 and