On March 23rd, President Trump signed a $1.3 trillion spending bill for fiscal year 2019 which allocates $686.1 billion for the Department of Defenseâs budget. The spending bill, which marks a 5 percent increase over the initial FY 2018 Presidentâs Budget and a 10 percent increase over the current continuing resolution, calls for an additional $47 billion to be added to the DoDâs budget.
The FY 2019 budget, much like FY 2018, seeks to enable a more efficient and capable armed force that âcan project power globally for full-spectrum operations against a range of threats.â The DoD FY 2019 Budget Request Overview notes that the budget aims to:
Grow the size of the U.S. Army, Navy and Air Force by over 25,000
Continue the Missile Defeat and Defense Enhancement initiative
Increase and speed up the procurement of preferred and advanced munitions
Modernize the second Army Armored Brigade Combat Teamâs equipment
Buy ten combat ships in FY 2018
Increase production of F-35 and F/A-18 aircraft
Enhance deterrence via nuclear triad modernization
Increase funding to enhance space communications and resiliency
Increase U.S. Armed Forces pay by 2.6 percent
Emphasize technological innovation and lethality
With such a wide variety of goals to achieve in FY 2019, the government will need greater assistance from industry, which means that FY 2019 is looking to be another strong year for the GovCon marketplace, continuing a trend that the industry has been experiencing since FY 2015.
Based on the increased defense spending over the past four years, FY 2019 will certainly be a strong year for government contractors. With an ambitious list of priorities outlined in the FY 2019 Budget Request Overview, the federal government will need the assistance of industry to accomplish its goals. The GovCon community can expect to see a large amount of contracting activity centered around the defense industry in the coming fiscal year and many opportunities for growth.
The Wash100 popular vote continues and will be open for another month. Voter participation has substantially increased between 2017 and 2018. An additional 2,029 votes have been tallied for the top five popular vote recipients in the 2018 Wash100, more than 2.5 times the 2017 polling results.
The Executive Mosaic team would like to extend our sincerest thanks to those who have participated in the Wash100 popular vote. Your votes help to recognize the individuals who are expected to have the greatest impact on the GovCon marketplace in the coming year.
If you would like to participate in the vote and have your voice heard, please visit the Wash100 voting page at any time prior to April 30th, 2018 and cast your ten votes for the executives you believe will have the greatest influence on the 2018 GovCon landscape.
THIS WEEKâS TOP NEWS STORIES
Weekly Contract Awards This week’s top GovCon contract awards include: Northrop Grumman, Lockheed Martin, Boeing, QinetiQ, Leidos and more.
Former HPE, DXC Exec Katie Ebrahimi to Join Unisys as SVP, Chief HR Officer Katie Ebrahimi, a former executive at DXC Technology (NYSE: DXC) and Hewlett Packard Enterprise (NYSE: HPE), has been named a senior vice president and chief human resources officer of Unisys (NYSE: UIS) in a move slated to take effect April 26.
38 Firms Win Spots on $20B NIH CIO-SP3 Small Business GWAC
The National Institutes of Health has awarded 38 companies positions on the small business track of a potential $20 billion governmentwide acquisition contract vehicle for information technology support services.
Reports: Boeing Reorganizes Defense Business With 2 New Divisions
Boeing (NYSE: BA) will set up two new divisions focused on missile and weapon systems and commercial derivatives aircraft within its defense, space and security business in a move that takes effect Monday, April 2, Defense One reported Thursday.
General Dynamics Closes $9.7B CSRA Purchase
General Dynamics (NYSE: GD) has concluded its approximately $9.7 billion acquisition of CSRA (NYSE: CSRA) in a push to establish a combined government information technology services contractor.
John Foley Named DSA President in Series of Exec Moves
John Foley, chief financial officer and treasurer at Data Systems Analysts, has taken an additional role as president of the Pennsylvania-based technology and information management services contractor.
Curtiss-Wright Wraps Up $212M Dresser-Rand Govt Business Acquisition
Curtiss-Wright (NYSE: CW) has closed its $212.5 million cash acquisition of the Dresser-Rand government business from Siemens in a move to expand aftermarket support for the U.S. Navy and footprint on the service branchâs nuclear ships.
CACI International (NYSE: CACI) will help the U.S. Army modernize its Global Secret Internet Protocol Router network under a potential five-year, $239 million task order. The company said Wednesday it will support the service branch’s network modernization effort by deploying commercial-based software and hardware to facilitate the secure transfer and access of users to sensitive
Executive Mosaic could not be more thrilled to bestow the 2024 Wash100 Award on DeEtte Gray, president of business and information technology solutions at CACI International. Following on seven previous recognitions, Gray is awarded her eighth trophy for her instrumental defense sector technology modernization efforts. The Wash100 Award is a marker of first-class achievement in the government contracting
Erin Kocourek, an aerospace and defense industry executive, has been appointed vice president of business development for the national security and innovative systems sector at CACI International. She announced her move to CACI in a LinkedIn post published Monday. Kocourek brings to the role her enterprise leadership experience, P&L expertise, knowledge in driving capability development