A Note From Our President & Founder Jim Garrettson
One of the countryâs âBig Threeâ credit rating agencies has bolstered its view of the government contracting sectorâs prospects under incoming President Donald Trump and in particular defense companies.
Fitch Ratings said in its latest assessment this week that defense contractors could also gain an increased footprint in the Department of Homeland Security under the assumption that border protection will be a priority for Trumpâs administration.
The Navy will be one beneficiary, Fitch says, in light of Trumpâs pledge to increase the U.S.â warship fleet with cybersecurity another area to garner heightened attention under the next administration.
Along with stalwarts Moodyâs and Standard & Poors, Fitch is one of three national credit rating organizations with an official SEC designation as such and a neutral arbiter financial professionals look to for an external and independent perspective on markets.
One area Fitch recommends observers keep a close eye on is trade policies under a Trump administration as many large U.S. primes have prioritized international military sales as a means to offset flat or declining domestic defense budgets.
Fitch issued its newest evaluation of defense in a time that has seen investors key on militaryâs largest weapon and platform makers as companies that stand to benefit over the next four years.
As we noted last week, noted investment website Motley Fool termed the four-day post-election surge in defense stocks as a âTrump Effectâ for the short term.
Now with Fitchâs backing, defense also looks to be a winning play in the long game.
The Federal Trade Commission and the Department of Justice have released final guidelines outlining the frameworks and factors the agencies use in assessing mergers and acquisitions. FTC said Monday it voted unanimously to approve the 2023 Merger Guidelines, which reflect advances in law and economics, the experiences of market participants and feedback gained through public
Iron Mountain (NYSE: IRM) has secured a 10-year, $150 million blanket purchase agreement from the Department of Justice to help the Office of Records Management Policy store, manage and digitize government records across all DOJ components. The Records and Information Management Services BPA will support the development of ORMP’s records management as a service tool
The Department of Justice has awarded 14 companies spots on a multiple-award blanket purchase agreement to provide helpdesk support, incidental information technology and program management services. According to a posting, four companies were initially awarded positions on the DOJ Incidental IT Support Services BPA via a full and open competition and 10 new awardees were