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Tag Archives: government spending

Report: Federal IT Spending Projected to Exceed $93B in Fiscal 2020

Bloomberg Government analysts forecast that the federal government will invest more than $93B in information technology programs if current spending trends continue across agencies, Nextgov reported Tuesday. “Based on historical spending trends, we’re looking at between $93 and $94B in an IT budget, about half of which will go to …

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Ken Asbury: CACI Sees Fiscal 2018 Revenue Growth Amid Cleared US Budget Through September

TYSONS CORNER, VA, June 30, 2017 — CACI International (NYSE: CACI) CEO Ken Asbury has said he believes the passage of the $1.1 trillion omnibus fiscal year 2017 budget will drive government contracting activity and generate opportunities for the company as it starts its own fiscal 2018, ExecutiveBiz reported Monday. The …

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McKinsey Uses Benchmarking Methodology to Measure Gov’t Productivity Through Spending

TYSONS CORNER, VA, April 21, 2017 — A McKinsey and Company research organization has unveiled a benchmarking methodology that serves to measure government productivity in terms of the effectiveness and efficiency of its spending, ExecutiveBiz reported Thursday. The McKinsey Center for Government’s Government Productivity Scope works to analyze government expenditures in healthcare, education, public …

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Deltek: Federal IT Spending to Decline in 2018

Deltek has released a report that forecasts federal information technology spending will shrink from $112 billion in fiscal 2013 to $102 billion in fiscal 2018 as the federal government continues to save costs. The Federal IT Market FY 2013-2018 report analyzes the budget decline and growth for hardware, software, IT, …

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General Dynamics Snags $92 Million for Stryker Work

General Dynamics (NYSE: GD) Land Systems recently has been awarded three contracts by the U.S. Army TACOM Life Cycle Management Command to support the Stryker infantry combat vehicle.  The work combines for a value of $92.3 million. The most lucrative deal, worth $72.8 million, is for battle damage assessment, materials …

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Mike Gaffney Breaks Down CSC’s $124 Million Day with the EPA

CSC (NYSE: CSC) won four contracts from the EPA worth a total $124 million that will see the firm perform a number of technical tasks for the agency. As part of the first two deals, “CSC will provide custom applications and commercial-off-the-shelf applications management support. CSC will develop and manage …

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Lockheed Scores Trio of Deals Including $920 Million Trident Missile Deal from Navy

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $920, 783, 000 fixed-price-incentive, cost-plus-incentive-fee, cost-plus-fixed-fee contract to provide Trident II (D5) missile production and deployed system support.  Work will be performed in Sunnyvale, Calif.; Bangor, Wash.; Kings Bays Ga.; and Cocoa Beach, Fla., and work …

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Raytheon, L-3 Move on to New Navy Contracts

According to the Department of Defense, “L-3 (NYSE: LLL) is being awarded a $24, 643, 046 modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00019-09-D-0018) for services in support of the commercial air services (CAS) program, which provides contractor-owned and -operated aircraft to Navy fleet customers and other Department of Defense …

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ID Wins Spot on $30 Billion FBI IT Overhaul; CEO Harry Martin Comments

Intelligent Decisions (ID) was named to a position on the FBI’s $30 billion IT Supplies and Support Services (FBI IT Triple S) Contract. The ID/IQ has a one-year base with seven one-year options. According to ID, “this new contract will allow the FBI to significantly reduce acquisition costs by utilizing …

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