Latest News Mentioning Office of Management and Budget (OMB)

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Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX) have secured contracts from the U.S. Air Force to mature proposed “air-breathing” weapon systems for a hypersonic conventional cruise missile development project, according to separate award notices posted on SAM.gov. USAF awarded $47.2 million to Boeing, $33.5 ...

A subsidiary of By Light Professional IT Services has won a potential $192.61 million contract from the U.S. Army to develop simulation and management software for an integrated military training environment. Cole Engineering Services Inc. will help the service branch create the Synthetic Training Environment-Information System Training Simulation S...

The General Services Administration issued in May its second draft policy that would allow federal agencies to buy commercial cloud services on a consumption basis under the Federal Supply Schedule program, Federal News Network reported Monday. Jeff Koses, senior procurement officer at GSA’s office of acquisition policy, wrote in the draft policy ...

A Bloomberg Government report says the federal government’s total contract spending reached $682 billion in fiscal year 2020, a 14 percent increase from FY 2019 spending of $599 billion. BGOV said Thursday FY 2020 marks the fifth consecutive year of increase in contract spending and federal agencies primarily used $1.6 trillion in enacted FY 2020...

During Potomac Officers Club’s Trusted Workforce Forum, elite private and public sector executives will discuss the future of  Trusted Workforce 2.0, major initiatives and policies to accommodate future technology-driven Trusted Workforce capabilities and how private industry can assist with reducing the security clearance backlog. William Lietza...

Duluth, Georgia-based special purpose acquisition company Spartacus (Nasdaq: TMTS) and geolocation technology provider Nextnav have entered into a merger agreement that would take the latter public and bring its potential market capitalization to $1.2 billion. The boards of directors for both companies gave unanimous approval of the transaction, wit...

QuantiTech, a portfolio company of private equity firm Sagewind Capital, has rebranded as Axient to reflect its combined capabilities in multidomain test and analysis, digital engineering, mission engineering and operations, advanced technologies and other areas in support of the missions of defense and civilian agency clients. The rebrand includes ...