Weekly Roundup September 6-September 9: SAIC Reports Quarterly Earnings, Congress Back In Session, and More

Jim Garrettson September 9, 2016 News, Weekly Round-up

September 6 – September 9 2016

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A Note From Our President & Founder Jim Garrettson

With summer official coming to a close and the nation celebrating Labor Day we see the government contracting community returning to their normal schedules.

With the federal budget year ending on September 30th I am sure the contracting community will be focused on maximizing their impact on the federal government within the next three weeks.

There should be the traditional flurry of contract awards as federal agencies close their books and prepare for the next fiscal year.

SAIC reported second quarter earnings above analyst forecasts before markets openedThursday with a year-over-year increase to net income in part on lower acquisition and integration costs.

Congress is back in session (after a seven-week summer recess) in which they have some several key issues to address.

They have less than four weeks to address the issues of continuing resolution, to keep the entire federal government operating past October 1.
Addressing the question of providing funding to fight the Zika virus.
The Export-Import Bank charter, which expires on September 30th.

All of this over-shadowed with the fact that this is an election year.

This autumn in Washington, D.C. should be nothing less than interesting.

THE WEEK’S OTHER TOP 10 GOVCON STORIES

Private Equity Firm TPG, Intel to Form Security JV Under Estimated $4.2B Deal
Intel will spin off the company’s security business into a new joint venture with investment firm TPG.

Dell Closes Merger With EMC, Unveils ‘Dell Technologies’ Brand
Dell and EMC have completed their $67 billion cash-and-stock merger.

DHS Taps Lockheed to Provide Cyber Support Services Under $395M IDIQ
Lockheed Martin to manage facility that monitors cyber threats across DHS information systems.

SAIC CEO: GovCon Services Consolidation to Continue, ‘Time-To-Market’ Key in Bids
Tony Moraco shares insights on GovCon Services Consolidation.

CNN: Air Force to Spend $12B on F-15 Radar, EW System Updates
The U.S. Air Force to update its fleet of 435 F-15 aircraft.

Reports: Pentagon Lays Down Strategy to Undermine Paul Ryan’s Defense Spending Plan
Pentagon’s plan to oppose Ryan’s defense spending plan through a presidential veto threat.

Former Cubic Exec Bill Toti Named HPE Defense, Homeland Security VP
Bill Toti to oversee HPE’s work with the departments of Defense, Homeland Security, Justice, and State.