The Australian newspaper The Age reports that the U.S company PCI gave NewSat a contract to provide communications between military units and support contractors in Afghanistan with bases in the U.S. To add to the international flare NewSat will use satellites operated by SES New Skies, a Dutch company. Just as satellites have revolutionized all media and communication across the world over...
Government Industry Archive
February 2009
KBR was one of the top ten contractors by revenue for 2008 as we wrote about here. It reported its 2008 earnings this week. The Houston Chronicle writes that revenue was up almost $3 billion to $11.6 billion. The company’s net income rose only $17 million, though, partly due to a charge related to the fine paid for actions related to the Nigerian bribery case when they were part of...
Last week the Canadian government charged seven companies and fourteen individuals with bid rigging. They all face criminal investigation and charges. Now the Ottowa Business Journal writes that some government contractors are proposing the use of arbitrators and conflict resolution in such cases rather then just use of criminal statutes. The Canadian Advanced Technology Alliance, a group...
The Defense budget is built from the bottom up with several levels of review and shaping. The services prepare their budgets in the Spring with each Chief of Staff prioritizing spending and ultimately coming to a top line for the service. These are submitted to the Secretary of Defense and his staff in the Fall. There is then a series of Presidential Budget Decisions (PBD) and Program...
The Chicago Daily Herald reports that Northrop Grumman says that the latest version of the U.S. Navy’s airborne surveillance aircraft, the E-2D, is on schedule. We had written a few days ago of how the Navy was looking at cutting funding for this program to pay for other bills and that Northrop was fighting back with an advertising campaign. Now as part of the defense exhibition in the...
SRT Helicopters announced via a press release that the have signed a contract with the Peoples Republic of China’s Ministry of Transport’s Rescue & Salvage Bureau. Rotor.com has the actual release. This contract is to assist the Ministry’s pilots and crew in learning advanced Search & Rescue techniques. The Chinese have purchased eight Sikorsky S-76C++ aircraft to carry...
As a fitting end to a spending spree coinciding with the International Defense Exhibition (IDEX) in Abu Dhabi the UAE announced that it had purchased C-17 and C-130 transports. AFP reports that during the show the Gulf nation spent close to $4 billion on new weapons. Raytheon had won an order for AIM-120 AMRAAM missiles earlier. There had also been an investment in advanced missile and air...
Back in November we wrote about NCI and their earnings statement for the third quarter as a way to illustrate how hard it is for defense contractors to grow their business into the commercial sector. Now the company has released at Marketwatch.com its results for the fourth quarter and 2008. In the third quarter only three percent of their business was non-government. Unfortunately in the...
In a conventional move Obama delayed submitting his defense budget by two months, now rumors are out that at least a top line document will be submitted in early March. This document will at least lay out the total planned spending and how much each service will get and perhaps some of the larger programs and categories of spending. According to Bloomberg Obama plans to spend about $527...
Late last year Orbital was one of two teams awarded commercial supply contracts for the International Space Station (ISS) by NASA. Due to the retirement of the Space Shuttles and the wait until new NASA launch vehicles are ready the U.S. plans to use Orbital and SpaceX vehicles to do this mission. Right now the contract is on hold due to a protest by PlanetSpace Inc. Orbital said recently...
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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.