Warren Romine, managing director at KippsDeSanto & Co., has said more middle-market defense contractors are considering divestitures as they assess their capacity to keep up with market trends, the Washington Business Journal reported Monday. Romine told the publication in an interview he expects increased U.S. defense budget and low interest rates to also drive acquisition and divestiture efforts.
Read More »Search Results for: defense contractors
Six Contractors Win Spots on $425M Air Force Multiple-Award Construction IDIQ
The U.S. Air Force has selected six companies to support construction projects on Germany-based military sites under a potential five-year, $425M contract. Contractors will design, build, repair, alter, renovate, maintain or sustain commercial and residential structures under the indefinite-delivery/indefinite-quantity contract, the Department of Defense said Wednesday.
Read More »Lockheed, Pratt & Whitney Named Prime Contractors in Singapore’s $2.75B FMS Request for F-35B Aircraft, Engines
The State Department has cleared Singapore's request to procure Lockheed Martin-built (NYSE: LMT) fighter jets and Pratt & Whitney-made aircraft engines through a potential $2.75B foreign military sales agreement.
Read More »PSC Urges DoD, State Dept to Improve Threat Info Exchange With Contractors; David Berteau Quoted
The Professional Services Council has urged the departments of State and Defense to improve communications and coordination with industry on threats and other safety risks facing U.S. government contractors overseas.
Read More »PSC’s David Berteau: Contractors Likely to Rethink Workforce Security Approach Amid US-Iran Tensions
David Berteau, president and CEO of the Professional Services Council and a 2019 Wash100 winner, said rising tensions between the U.S. and Iran could prompt government contractors to reexamine personnel security measures in the Middle East, the Washington Business Journal reported Friday. "Companies have to be thinking right now, What do I need to do differently, what do I need to be prepared for, will the government have threat information, will they share it with me?"
Read More »Four Contractors Get Additional $92M Modification on Global Contingency Construction IDIQ
The U.S. Navy has awarded $92M in additional funds under a global contingency construction contract with AECOM's (NYSE: ACM) URS subsidiary, Environmental Chemical Corp., Jacobs Engineering Group's (NYSE: JEC) CH2M business and KBR.
Read More »EM’s Weekly Roundup: POC Hosts Unmanned Systems in the Future Fight Forum, Baird’s 2019 Government & Defense Conference, $152M Contract for Booz Allen, Executive Moves for GDIT, Leidos & Weekly Top 10 Stories
On Tuesday, Potomac Officers Club (POC) hosted its Unmanned Systems in the Future Fight Forum featuring Maj. Gen. Peter Gersten, special assistant to the Deputy Chief of Staff for Plans and Programs (AF/A5/8) for the U.S. Air Force, as the keynote speaker. In addition, an expert panel featuring Jim Thomson …
Read More »Seven Contractors Win Spots on $195M IDIQ for NAVFAC Southeast Area Construction Services
Seven companies have won positions on a potential five-year, $195M contract to support military construction projects within Naval Facilities Engineering Command’s Southeast area of operations in north Florida and south Georgia. NAVFAC received 40 proposals for the multiple-award, indefinite-delivery/indefinite-quantity contract via the Navy Electronic Commerce Online portal, the Department of Defense said Tuesday.
Read More »Two Contractors Get USMC Facility Construction IDIQs Totaling $147M
Paradigm Mechanical Corp. and the Sapper West-Spectrum Service Group joint venture have won five-year, indefinite-delivery/indefinite-quantity contracts worth $147M combined to build, alter, repair or renovate facilities for the U.S. Marine Corps.
Read More »Deloitte: Cyber Framework, Use of AI, Blockchain Could Help Protect Defense Industrial Base
A new Deloitte report has identified challenges U.S. defense contractors and suppliers face when it comes to complying with cybersecurity regulations and measures that could be implemented by companies to adhere to such regulations and build up a cyber-resilient security posture.
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