Tag Archives: Government Shutdown

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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NTT DATA’s Shamlan Siddiqi Suggests Measures to Manage Cyber Posture After Government Shutdown

Shamlan Siddiqi, chief technology officer of NTT DATA’s public sector business, has offered five suggestions for organizations to strengthen their cybersecurity posture following the partial government shutdown. The shutdown ended on Feb. 15 after President Donald Trump signed into law an appropriations package that would fund the rest of the government …

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Defense Firms Report Impact of Gov’t Shutdown, Expect Military Funding Increase for Fiscal 2020

Major defense primes General Dynamics (NYSE: GD), Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) did not experience “notable” impacts from the 35-day partial government shutdown, Wells Fargo Securities reported Friday. The investment bank added that Booz Allen Hamilton (NYSE: BAH) projected a March quarter impact of nearly $20M in revenue, while …

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McAleese & Associates: All Eyes Are on Three-Week Continuing Resolution’s Expiration

A new McAleese & Associates report says the partial government shutdown has temporarily halted after President Donald Trump signed on Friday a continuing resolution to fund agencies through Feb. 15. Jim McAleese, founder and principal at McAleese & Associates, wrote in the report that public attention is now focused on the expiration …

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PwC: Aerospace, Defense Sector Recorded $57.8B in 2018 M&A Deal Value

A new PwC report says the value of mergers and acquisitions in the aerospace and defense sector worldwide reached $57.8B in 2018, reflecting a 19 percent drop from the previous year. Despite the decline, PwC said the deal value in 2018 was 83 percent higher than the 10-year average and the third largest in …

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Booz Allen Reports 2.5% Revenue Jump in 3Q; Profit Up 12%

Booz Allen Hamilton (NYSE: BAH) has announced financial results for the third quarter of its 2015 fiscal year ended Dec. 31, 2014. The McLean, Va.-based consulting and contracting firm’s fiscal year runs between April 1 and March 31. Revenue for the third quarter increased 2.5 percent to $1.3 billion from the prior …

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Contractors to Restart Work as DoD Brings Back 90% of Furloughed Civilians

The U.S. Defense Department intends to end the furloughs of certain inspectors and officials that work with contractors at government sites. Those furloughs were reported to have driven an increase in planned contractor furloughs and temporarily paused contracted work at federal facilities. Click here to read more on these developments …

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