Tag Archives: defense budget

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?"

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McAleese & Associates: BAE’s US Electronic Systems Sector Posted 14% Growth in 2018 Sales

A report by consulting firm McAleese & Associates says BAE Systems’ U.S. electronic systems sector saw its 2018 sales rise 14 percent to $5.3B with 15.3 percent sector operating margin and operating profit of $809M. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote BAE’s U.S. arm attributed …

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McAleese & Associates: Trump Backs $733B to $750B Defense Budget for FY 2020

A new McAleese & Associates report says President Donald Trump appears to have expressed support to a defense budget request of $733B to $750B for fiscal year 2020 following his meeting with lawmakers and other government officials. Trump met with Defense Secretary James Mattis; National Security Adviser John Bolton; Senate Armed Services Committee …

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McAleese & Associates: Richard Spencer on Two-Carrier Buy, Other Navy Priorities

Consulting firm McAleese & Associates has issued a report that outlines some of the priorities of Navy Secretary Richard Spencer. Spencer said Thursday during a Center for Strategic and International Studies event that the Navy has begun to work with Huntington Ingalls Industries (NYSE: HII) on a possible two-carrier contract. “We are going to get …

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McAleese & Associates Assesses Defense Spending Trends

A report by consulting firm McAleese & Associates says investors should expect the defense budget for fiscal years 2020 and 2021 at a range of $700B to $716B per year. Jim McAleese, founder and principal at McAleese & Associates, wrote in the report that the Pentagon’s overall budget in FY 2019 demonstrates …

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Executive Mosaic’s Weekly GovCon Round-up: This Week’s Most Significant Contract Awards

Weekly Roundup September 18 – September 22 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week there has been significant activity surrounding contract awards across a variety of fields such as aquatic vehicle design and maintenance, technical assistance, IT development and support, …

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Mattis: ‘No Enemy’ ‘Has Done More Harm’ to Military than Sequestration

“For all the heartache caused by the loss of our troops during these wars, no enemy in the field has done more to harm to the readiness of our military than sequestration,” said Defense Secretary James Mattis, a 40 year Marine veteran commander, who argued that it will “require years …

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February 29 Market Close: GovCon Index Posts Decline, Ends at Modest Gain for Month

The GovCon Index fell into a decline over the final two hours of trade Monday to end the full session at a loss of 0.351 points to 72.136 but still end February at a gain for the month. The Index rose 0.329 points in February as investors continued to welcome additional earnings reports from …

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