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A Government Accountability Office report shows that the federal government spent approximately $637.1 billion on contracts in fiscal year 2021 with defense agencies accounting for about $386.9 billion in FY 2021 contract obligations. Federal spending on contracts in FY 2021 reflects a drop of $54 billion from the previous fiscal year and civilian a...

Sigma7, a risk information and services provider backed by Growth Catalyst Partners, has acquired data and software company Intelligence Fusion in a strategy to create an integrated offering meant to help customers worldwide to gain insight into global security threats. Financial terms of the transaction were not disclosed and Sigma7 plans to combin...

The U.S. Army’s Capability Sets were introduced in 2021 in order to lay out a roadmap for maintaining a modern, technologically advanced service branch that will be prepared for any challenges adversaries could bring their way. The Capability Sets are mission protocols designed to be completed and phased out every two years. This effort began wit...

Raytheon Technologies (NYSE: RTX) has secured a potential five-year, $91.7 million contract from the U.S. Navy to provide modifications, maintenance and depot-level support for the AN/AQS-20 sonar mine-hunting system and AN/MHP-20 deploy and retrieve platform. The sole-source, cost-plus-fixed-fee and firm-fixed-price contract has a one-year base per...

AM General has secured a $732.7 million contract modification to manufacture expanded capacity vehicle models of the U.S. Army’s High Mobility Multipurpose Wheeled Vehicle. The award would extend the performance period under AM General’s firm-fixed-price requirements contract by two years and four months, according to a notice posted Fri...

Centerpoint, a wholly owned subsidiary of Gunnison Consulting Group, will provide cybersecurity support services to the Library of Congress Information System Security Officer under a potential five-year, $23 million contract. Ed Silva, chief strategy officer of Gunnison, said in a statement released Wednesday the award marks the first joint submiss...

Haywood “Woody” Talcove, CEO of the government business at LexisNexis Risk Solutions, was recently presented his 2022 Wash100 Award during a visit to the company’s office in Virginia by Executive Mosaic CEO Jim Garrettson. Executive Mosaic is honored to recognize Haywood Talcove as a three-time Wash100 Award recipient for his persistent ...