The U.S. Army announced the three teams of companies that will be awarded development contracts for the Joint Light Tactical Vehicle (JLTV). The companies have a little over two years to develop a prototype vehicle for a series of tests. Then at least one, but hopefully from the Department of Defense side possibly two, of the teams will be awarded production contracts. BAE is on two of the...
Government Industry Archive
October 2008
CACI and Oracle announced today that they would work together to build a software solution to manage government contracts. The software would be for the total life cycle of the contract through development, award and execution. The program will utilize an existing Oracle product with CACI providing the expertise on understanding federal rules and regulations and the actual conduct of...
The U.S. Government’s Committee on Foreign Investment approved the planned acquisition of DRS Technologies by Italian company Finmeccanica. The deal is worth over $5 billion and is structured as a stock purchase at $81 or so a share. DRS traded today at just over $80. DRS had long been rumored as an attractive takeover target, and the purchase by a European company again highlights...
The last step for any of the appropriation bills passed by Congress is the approval of the President. This year after going through the House and Senate, and then Conference; before finally being rolled into a large omnibus spending bill the defense bill was signed by President Bush in early October. Last week he signed the companion Authorization Bill. The Authorization Bill comes out of...
IBM was awarded a contract to extend their services in support of the Australian health care system. The $70 million (Australian) effort will provide internet transactions in support of all aspects of the system by connecting doctors, patients, hospitals and pharmacies. IBM provides the mainframe and support services necessary for the system to process the transactions. This is yet another...
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BNET Government provides daily industry trends and global news coverage with insights for managers and executives within the world wide business of government contracting. We analyze new and interesting contract awards, government policy changes, and the trends in procurements and spending. There will also be discussions of the sector with a focus on small and innovative companies and business lines. The world's governments spend billions each year on a variety of hardware and services and the site will discuss how the money is being allocated.