Tag Archives: treasury

The Department of the Treasury considers safeguarding a $17B loan program for eligible national security companies under the Coronavirus Aid, Relief and Economic Security Act in the event that Boeing (NYSE: BA) and General Electric (NYSE: GE) find themselves in need of funds, Bloomberg reported Tuesday. Both companies have raised funds through bond offerings, divestiture and other initiatives.

Rory Schultz, a 35-year federal government veteran, has joined Salient CRGT as executive director of strategic programs within the civilian services group, the company announced on Tuesday.

An alert from K2 Intelligence-Financial Integrity Network says the Financial Action Task Force has upgraded the U.S. from “partially compliant” to “largely compliant” with Recommendation 10 after it implemented the U.S. Treasury’s requirements for customer due diligence.

Mickey Jones, a 31-year federal acquisition professional, has joined the senior management team of Reston, Va.-based GovConRx. He will work with other members of GovConRx’s management team and advisory board to support corporate development efforts and deliver platforms meant to help contractors manage contract performance, the company said Wednesday. Jones …

Greg Rothwell, a more than three-decade federal acquisition market veteran, has joined the advisory board of Reston, Va.-based GovConRx. He will join other government procurement professionals on the board to support the senior management team and provide strategic direction for the company, GovConRx said. Rothwell became the first chief procurement …

A Fluor (NYSE: FLR) subsidiary has received a potential $2B contract extension to continue to manage and operate the country’s emergency crude oil supply for the Energy Department. DOE exercised a contract option for Fluor Federal Petroleum Operations to continue life extension construction and engineering work for the Strategic Petroleum Reserve …

Booz Allen Hamilton (NYSE: BAH) has received a potential six-year, $1.03B task order to develop and field cybersecurity platforms and services for six federal agencies under the new phase of the Department of Homeland Security’s Continuous Diagnostics and Mitigation program. The task order awarded through CDM’s Dynamic and Evolving Federal Enterprise …

Dovel Technologies has won a potential five-year, $377 million contract to update and manage a grants management services platform that multiple federal agencies use. The company said Tuesday it will provide technology and programming support for the GrantSolutions Center of Excellence, which handles over $80 billion in grant awards for programs across the departments …

Ron Davis, formerly chief information security officer of Vencore and a certified information systems security professional, has joined Huntington Ingalls Industries (NYSE: HII) as CISO. Davis will oversee a cybersecurity program that seeks to identify threats and risks as well as implement controls, methods and processes designed to secure HII …

The GovCon Index recorded a decline for the third consecutive session Thursday with a loss of 0.124 points to 70.778. The Index traded 1.4 percent down at one point in the 11 a.m. Eastern time hour and reflected a day of choppy trade for U.S. markets as all three major indices …