A state-by-state analysis of Department of Defense spending showed Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) took the first three spots on a list of top 10 contract awardees during fiscal year 2019. The list also includes General Dynamics (NYSE: GD), BAE Systems, Huntington Ingalls Industries (NYSE: HII), Humana (NYSE: HUM), L3 Technologies, which now operates as L3Harris Technologies (NYSE: LHX) after it merged with Harris, Raytheon and United Technologies Corp. Raytheon and UTC merged in April 2020 and the combined entity now runs as Raytheon Technologies (NYSE: RTX).
Read More »Navy Launches Rolling Admissions for $50B SeaPort Next Generation IDIQ
The U.S. Navy has issued a new solicitation to expand the current of pool of vendors competing for task orders under the potential 10-year, $50B SeaPort Next Generation contract vehicle for professional services. The service has launched a rolling admissions process for the SeaPort NxG indefinite-delivery/indefinite-quantity contract and will accept proposals from new companies through Feb. 12.
Read More »BGOV: Federal Contract Spending Hit $681B in FY 2020
Federal contract spending reached $681B in fiscal year 2020 driven by budget increases for agencies within the Department of Defense and efforts to address the COVID-19 pandemic, Bloomberg Government reported Tuesday.
Read More »BGOV: Federal Spending on Insider Threat Detection Tech Could Surpass $1B in FY 2020
The federal insider threat technology market is expected to exceed $1B in fiscal year 2020 driven by agencies’ spending on cybersecurity tools and services designed to detect and monitor malicious behavior in data use and employee networks, Bloomberg Government reported Thursday.
Read More »BGOV: Federal IT Spending Could Reach $29B in Q4 FY 2019
Federal agencies are expected to spend approximately $29B on information technology products and services in the fourth quarter of fiscal year 2019, Bloomberg Government reported Tuesday.
Read More »Report: Defense Companies Plan Capital Expenditures Amid Rise in DoD Contracts
Some contractors have expressed plans to increase their investments in production capacity and facilities in fiscal year 2018 and in the next few years as the Defense Department starts to ramp up contract obligations, USNI News reported Wednesday. Jason Aiken, chief financial officer at General Dynamics (NYSE: GD), told analysts …
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