Latest Federal & Government Contracting Companies' News Coverage
The Department of Defense spent $14 trillion on the country’s two-decade war in Afghanistan and a study by Brown University’s Costs of War Project says at least 33 percent to 50 percent of the total defense spending went to contractors, The Wall Street Journal reported Friday. Data from the Costs of War Project, a group […] More
Booz Allen Hamilton, Science Applications International Corp., Peraton and other large technology contractors are hoping to get a share of the federal health information technology market by acquiring health software and IT companies, the Washington Business Journal reported Friday. “The size of the deals in health care in the public sector are very large and […] More
Phebe Novakovic, chairman and CEO of General Dynamics and a 2021 Wash100 Award winner, said she sees strong U.S. defense spending amid the current administration’s focus on infrastructure, child care and other domestic programs, Bloomberg reported Thursday. “President Biden has been a longtime supporter of national security. So, this year’s budget for defense had a […] More
Greg Hayes, CEO of Raytheon Technologies, said the company has positioned its product portfolio to target the 2018 National Defense Strategy’s priorities as it anticipates a flat defense budget in the coming fiscal year, the Washington Business Journal reported Thursday.
William “Bill“ Brown, chairman and CEO of L3Harris Technologies and a previous Wash100 awardee, wrote in a commentary published Monday on Defense News that there are several actions the Department of Defense and industry should implement to strengthen the country's defense supply chain and one is ensuring sustained budgets.
Leonardo DRS CEO William Lynn told Government Matters in an interview posted Tuesday that one of the trends he sees in the defense sector is the Pentagon's need for speed. He said the Department of Defense wants industry to deliver faster and companies should understand DoD's priorities to know where to invest and meet the department's requirements.
Brian Schettler, managing director of Boeing's HorizonX Ventures, told Defense News in an interview posted Thursday that getting venture capital funding for defense companies that are focused on hardware is a challenge and one way to help address that reluctance among investors is looking at the “capitalization piece.“
John Johnson, former vice president and general manager of the electronic systems sector at Northrop Grumman, wrote in a commentary published Wednesday on National Defense that the number of lower-tiered defense suppliers has been declining due to defense budget instability associated with the changing political climate.
Boeing CEO Dennis Muilenburg told FOX Business in an interview aired Tuesday that he believes U.S. spending on defense will remain robust amid calls for reduced budget and concerns over increasing federal deficit. “We see the defense budget here in the U.S. being sustained,“ he told Maria Bartiromo of the channel's “Mornings with Maria.“ “If you look […] More
Mike Petters, president and CEO of Huntington Ingalls Industries, has said the company has proposals to construct two aircraft carriers, 10 submarines and 10 destroyer ships for the U.S. Navy, USNI News reported Thursday. “This is the most exciting time I've seen in shipbuilding in 30 years,“ Petters said Thursday at the company's earnings call for the […] More
A new KippsDeSanto report has found that approximately 75 percent of dealmakers said they expect the number of mergers and acquisitions in the government services sector to climb by at least 5 percent this year. KippsDeSanto said Tuesday it polled 168 strategic buyers and executives from private equity groups who are interested in defense, government […] More
Raytheon CEO Thomas Kennedy told CNBC in an interview posted Wednesday he believes that despite trade disputes, foreign countries will continue to procure defense platforms from the U.S. in order to safeguard their citizens' freedom and protect their sovereignty. He noted about European countries' efforts to increase their defense spending driven by concerns over Russia […] More
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