Tag Archives: GAO

Army’s $20B Per Annum Weapons Systems Investment Could be a Waste if it Does Not Address Staffing Problems

Over the past decade, the U.S. Army has spent over $20 billion each year to develop and acquire weapon systems, but it canceled many of those due to the realization that requirements would not be met — and a government watchdog report indicates this problem is likely to continue if the …

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DHS Cancels $1.5B Contract for Agile Development Services

The Department of Homeland Security (DHS) announced to the several companies and the Government Accountability Office (GAO) that it has cancelled its $1.5 billion contract vehicle for agile development services. DHS will no longer move forward with the small business procurement process known as Flexible Agile Support for the Homeland …

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Fed Agencies Miss $3.3 Billion on Data Storage Savings Goal

Through fiscal year 2018, Federal agencies have $3.3 billion in savings yet to accrue from promised consolidations and data center closures and consolidations pledged in the Federal Information Technology Acquisition and Reform Act. Agencies were required to find $4 billion in savings from fiscal year 2016 to fiscal 2018 as …

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Humana Awarded $3.8B Tricare Managed Service Contract Extension

The Defense Health Agency has awarded Humana (NYSE: HUM) a one-year, $3.80 billion “bridge” contract to extend the company’s healthcare delivery services under the Tricare Health Benefits program. Humana’s government business unit will continue to support health benefits management functions and provide managed care services to nearly 3 million Tricare program beneficiaries in the southern U.S., the Defense Department …

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NASA Vet William Parsons Joins PAE-BWXT JV S3 as President

William “Bill” Parsons, an 18-year NASA veteran, has been named president of Syncom Space Services, a joint venture of PAE and BWX Technologies (NYSE: BWXT). Parsons will oversee S3’s operations at NASA that include management of facility operations, test and manufacturing services and maintenance requirements at Stennis Space Center in …

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Former IBM Govt Lead Chuck Prow Appointed CEO at Vectrus

Chuck Prow, a former head of IBM‘s (NYSE: IBM) global government business and a 12-year Big Blue veteran, has joined Colorado Springs-based government services contractor Vectrus (NYSE: VEC) as CEO and board of directors member in a transition that took effect Tuesday. Vectrus announced the transition in a Tuesday release and said Ken …

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CGI to Support Cloud Migration of GAO Financial Mgmt System

TYSONS CORNER, VA, Nov. 18, 2016 — The U.S. Government Accountability Office has awarded CGI (NYSE: GIB) a five-year, $7.2 million contract to support the migration of the former’s financial management, budgeting and procurement transaction processing, implementation and operations to the cloud, ExecutiveBiz said Thursday. The company said Wednesday it …

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Weekly Roundup November 14 – November 18, 2016: ‘Big 3’ Credit Rating Firm Ups Defense Outlook & more

November 14 – November 18, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson One of the country’s “Big Three” credit rating agencies has bolstered its view of the government contracting sector’s prospects under incoming President Donald Trump and in particular defense companies. …

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GAO Denies 9 Bid Protests of DHA Tricare Contract Awards to Humana, Health Net

The Government Accountability Office has dismissed nine protests filed by health insurers Health Net,  UnitedHealth Military and Veterans and Wellpoint to challenge the Defense Health Agency’s Tricare services contract awards worth approximately $58 billion,  Federal News Radio reported Tuesday. Jared Serbu writes GAO’s decision paves the way for Humana (NYSE: HUM) and Health Net’s …

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Weekly Roundup November 7 – November 11, 2016: Election Results Significantly Impact Markets

November 7 – November 11, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Red was the dominant color all over the electoral map Tuesday night and green has taken over many corners of Wall Street since with defense and other GovCon stocks …

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