A Note From Our President & Founder Jim Garrettson
The militaryâs chief weapons buyer took to the TV airwaves this week to expand further on his message that the defense prime contractor landscape should remain in its current composition and also addressed the research-and-development environment.
Frank Kendall — deputy defense undersecretary for acquisition, technology and logistics — told CNBC reporter Jane Wells in an interview aired Thursday he understood some of the indicators and pressures that could lead some large firms to seek out a potential consolidation move but that may ânot necessarily (be) best for the government to have that happen.â
âThis trend towards consolidation through mergers.. a tool that would give us a national security basis for intervening would be useful, â Kendall said to CNBC.
“I’m working with my staff and will be working with Congress to make some recommendations on what to do along those lines.”
Kendall also called on industry to invest more in technological R&D initiatives in light of moves some large contractors have made to repurchase shares as they seek to return capital to stockholders and boost their earnings per share.
âI would personally like to see themâ¦ get ready for the next round of defense budget increases which is eventually going to occur, â he said.
Kendall will keynote the Potomac Officers Clubâs âDefense Research and Developmentâ summit Dec. 2 to kick off a half-day event that will also feature’s acting principal deputy assistant secretary for research and engineering.
Click here to register now and save your seat for this timely event.
June 6Â – June 10Â 2016 Click here to seeÂ Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Long lines at airport security checkpoints have dominated the headlines lately and the agency responsible for protecting these hubs unveiled a new effort this week that enlists private sector help to keep passengers moving. The
A spokesman for the Department of Homeland SecurityÂ said DHS upheld its decision on June 2 to award a potential $1 billion cyber system support contract to RaytheonÂ (NYSE: RTN) following protests by other contract competitors, Bloomberg reported Tuesday. Jack Harrington, vice president for cybersecurity and special missions at Raytheonâs intelligence, information and services business, told Bloomberg
April 18Â – April 22Â 2016 Click here to seeÂ Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Corporate earnings season is underway for the first quarter and gives anÂ opportunity for investors to gauge the financial health and performance of the world’s largest defense and government contractors. We got a mixed glimpse of