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  • Lockheed: No Layoff Notices This Year Ahead of Sequestration - top government contractors - best government contracting event
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    Lockheed: No Layoff Notices This Year Ahead of Sequestration

    Lockheed Martin announced Monday the company will not issue employee layoff notices this year ahead of potential sequestration cuts scheduled to start Jan. 2, The Hill newspaper reports. According to Jeremy Herb’s report, the Office of Management and Budget issued guidance Friday saying the government would cover severance costs mandated under the Worker Adjustment and […] More

  • SAIC CEO John Jumper Addresses Company Transition, Sequestration - top government contractors - best government contracting event
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    SAIC CEO John Jumper Addresses Company Transition, Sequestration

    The planned separation of Science Applications International Corp. and the potential threat of sequestration were among the main topics at a recent industry seminar featuring SAIC CEO John Jumper, the Washington Business Journal reports. According to Tong Zhang’s story, Jumper told attendees at the Northern Virginia Technology Council-hosted breakfast event one of the two companies […] More

  • Jay Johnson: Consolidation Possible For Small, Medium Defense Firms - top government contractors - best government contracting event
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    Jay Johnson: Consolidation Possible For Small, Medium Defense Firms

    In the wake of reports of a potential BAE Systems–EADS merger, the CEO of General Dynamics said Thursday he does not see a trend of mega-deals between defense contractors, Reuters reports. According to Andrea Shalal-Esa’s story, Jay Johnson told a Morgan Stanley investor conference that once the U.S. defense budget situation becomes more clear, opportunities […] More

  • Executive Spotlight: Scott McCoy, Siemens Government Technologies Chief Legal Officer and Head of Compliance - top government contractors - best government contracting event
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    Executive Spotlight: Scott McCoy, Siemens Government Technologies Chief Legal Officer and Head of Compliance

    Scott McCoy is the chief legal officer and head of compliance for Siemens Government Technologies. Prior to Siemens, the 15-year legal vet worked as Associate General Counsel at the aerospace firm Thales and was an attorney at Exxon Mobil Corp. before that. Click here to read his executive profile for more on his background. Executivebiz chatted […] More

  • BAE's Linda Hudson: Sequestration Could Lead to Industry Consolidation - top government contractors - best government contracting event
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    BAE’s Linda Hudson: Sequestration Could Lead to Industry Consolidation

    Defense budget cuts under sequestration are already impacting defense contractors even though the cuts have not happened yet, Linda Hudson, CEO of BAE Systems‘ U.S. subsidiary, told Reuters. Cuts could lead to another round of consolidation within the industry, Hudson said, particularly within small and medium-sized businesses. Commercial aviation could also become a target area […] More

  • Report: GMU Professor Claims Sequestration Equals 155K Lost Jobs - top government contractors - best government contracting event
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    Report: GMU Professor Claims Sequestration Equals 155K Lost Jobs

    According to an economist from George Mason University, sequestration could result in massive job cuts in Washington D.C., Northern Virginia and Maryland, Government Executive reports. George Mason University regional analysis director Stephen Fuller said that the automatic budget cuts could result in 65,000 federal workers and 96,000 contractors losing their jobs. According to WTOP, 20 […] More

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