Tag Archives: federal spending

Potential Tax, Spending Changes Could Drive M&As in Defense Industry; Baird’s John Song Quoted

John Song Managing Director Baird

Market experts said another wave of mergers and acquisitions in the defense sector might be in the offing driven by possible changes in federal spending and taxes linked to any potential administration change, the Washington Business Journal reported Wednesday.

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Congress, White House Strike Two-Year Deal on Spending, Debt Ceiling

The White House and Congress have reached a deal that would suspend the debt limit until the end of July 2021 and raise federal spending over two years, The Wall Street Journal reported Monday. The two-year budget deal worth more than $2.7T would increase federal spending by about $320B over a couple of years above budget caps set in the Budget Control Act of 2011.

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Report: Federal IT Contract Spending Reached $64.7B in Fiscal 2018

The federal government obligated $64.7B in fiscal 2018 information technology contracts, reflecting a 9.5 percent rise from the previous fiscal year, Bloomberg Government reported Friday. The Department of Defense’s spending on IT contracts rose by over 12 percent to $33.8B in FY 2018, while civilian agencies’ IT contract obligations in …

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Tony Moraco: SAIC Bid Pipeline ‘Very Strong’ as GovCon Activity Accelerates Through Fiscal 2017

TYSONS CORNER, VA, June 21, 2017 — Science Applications International Corp. (NYSE: SAIC) CEO Tony Moraco has said in the company’s recent earnings call that he anticipates government contracting activity will increase for the rest of fiscal year 2017, ExecutiveBiz reported Thursday. FCW reported June 14 that Moraco, an inductee …

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Dell EMC’s Steve Harris: Hybrid Cloud a Fed Spending Priority in Push for IT Modernization

TYSONS CORNER, VA, May 19, 2017 — Steve Harris, vice president and general manager of Dell EMC‘s federal business, has said he believes integrated hybrid cloud platforms will be a spending priority for federal agencies over the next three years in line with IT modernization efforts, ExecutiveBiz reported Thursday. “[Federal] CIOs should …

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Leidos’ James Reagan Sees Positive Outlook for Federal Spending After Budget Passed

TYSONS CORNER, VA, May 12, 2017 — James Reagan, chief financial officer of Leidos (NYSE: LDOS), has expressed a positive outlook regarding federal spending following the approval of the $1 trillion fiscal 2017 omnibus budget, which includes a $21 billion increase for defense, ExecutiveBiz reported Thursday. “Where we see the money in …

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