BAE Systems announced its results for the full year and they were very impressive. The Daily Telegraph writes that profits increased ninety-two percent over the year prior. The company was buoyed by large orders for its MRAP vehicles for the U.S. military and the weaker English currency. Sales in 2008 were over $25 billion with a backlog of almost $50 billion. BAE also had made some...
Government Industry Archive
February 2009
During the campaign President Obama declared that he wanted to end the practice of using supplemental appropriations to fund continuing operations in Iraq and Afghanistan. Now Bloomberg reports that the Pentagon is preparing to submit a supplemental request to Congress for 2009. This would be the second such supplemental authorized. IT is expected that this would be the last for this year....
The Indian government just released their interim budget and defense spending received a hefty increase. Like other countries India is struggling with the world economic downturn that is affecting the banks and overall commercial sector. Sify.com reports that defense spending has a proposed thirty-five percent increase for this year. The government will also continue to invest in rural...
BearingPoint a large consulting and engineering company that does a great deal of business with the Federal and state governments declared bankruptcy yesterday. Nextgov.com reports that the Chapter 11 restructuring may cause further problems as government customers may shy away from giving the company more business due to worries that it will not last. BearingPoint is a top 100 contractor...
Last November we wrote that the U.S. Army had awarded three development contracts for the HUMVEE replacement — the Joint Light Tactical Vehicle (JLTV). Two of the losing bidders, Textron Systems and Northrop Grumman, protested the decisions. Crain’s Detroit Business reports that the GAO has denied those protests. As with any protest the Army had to issue a stop work order to the...
A short provision in the Stimulus Bill that Obama signed today requires the maximum use of fixed price contracts for spending the money. Federal Computer Week writes about this issue here. The government tends to use Fixed Price contracts when there is little development work or fear of requirements changing for the contractor. This in defense means that they are used once a system is fully...
The government of Canada’s Competition Bureau has accused seven companies of conspiring to rig bids for government IT contracts in 2005. The Ottawa Business Journal reports on the accusations here. All of the companies deny the charges by the government. The contracts involved were with either the Canada Border Services Agency and Transport Canada. Two of the companies charged, Donna...
One of the recent issues that has emerged in various states is the use of lobbyists by state departments as well as cities and towns. Bluntly these lobbyists job is to get more money out of the state or the Federal government. The San Gabriel Valley Tribune writes of a small city, La Puente, hiring a lobbying firm to try and gain money through the state government in Sacramento from the new...
The United States has been working on a system to protect itself from strategic missile attack since 1984. The “Star Wars” system of Ronald Reagan played a key part in bankrupting the Soviet Union and went through various concepts. In the Nineties after Desert Storm Theater Missile Defense (TMD) which is designed to provide point defense of targets became the focus. The Ballistic...
Many states are facing declining revenue due to the economic downturn. Incomes are falling and people are buying less limiting income and sales tax revenue. Real estate taxes are falling as well as home values decline. States are looking at making up these losses in a variety of ways. WRAL.com reports that in North Carolina the state is looking at Lowe’s not paying sales taxes on...
- Raytheon Partners With U.A.E. To Continue Unsuccessful U.S. Proposal
- Health IT Attracting Defense Contractors As Harris Buys Into It
- Defense Appropriations Bill Bogged Down
- Defense Department To Review Conflict Of Interest Rules Too Late For Northrop
- DynCorp International And Bribery
- EADS Facing Pressure Over A400M
- AETNA Lost TRICARE Contract Due To Conflict Of Interest
- General Dynamics Going Where The Money Is With Health Care
- Lockheed And Raytheon To Gain With New Sea Based Focus On Missile Defense
- Afghanistan Eating Into British Investment In Defense And U.S. May Follow
- Dubai Air Show Has Big Companies Dreaming
- Obama's Defense Budget Plan Falling Apart Before First One Passed
- Boeing Seeing Domestic Defense Business Problems
- BAE Systems Has One Contract End And Another Start
- House Moves To End Alternate Fuel Tax Credits For Paper Industry
- General Dynamics To Build Extra Submarine Thanks To Congress
- EADS, Northrop And Boeing Gird For Third Tanker Try
- Prison Industry Continues Its Shakeup
- Government Failing Small Business?
- Dialysis Business Indicates How Hard Controlling Medical Costs Will Be
- Joint Strike Fighter Budgetary Machinations Affect Lockheed, GE, Rolls-Royce and Pratt & Whitney
- Second JSF Engine From Rolls-Royce And GE Facing Crisis Of Confidence
- Easy Registration Now Available For Commenting
Subscribe to Government blog comments RSS 
- In cybersecurity, everyoneâs a critic
- Cars And Obama As Criticism Mounts Of Efforts To Help GM And Chrysler
- Next Year Looking Bleak For Government Spending
- Obama Sort Of Weasels Out Of Student Loan Proposal
- U.S. Army Buys Non-Standard Weapons From ATK
- IT Spending By Government Predicted To Increase 50% Next Year
- General Dynamics To Build Extra Submarine Thanks To Congress
- A400M Enters Final Preflight Test Phase
Industry Transcripts by Seeking Alpha
- Tyco International Ltd. F4Q09 (Qtr End 09/25/09) Earnings Call Transcript
- Northrop Grumman Corp. Advisory Services Conference Call Transcript
- Northrop Grumman Corporation. Q3 2009 Earnings Call Transcript
- Lockheed Martin Corporation Q3 2009 Earnings Call Transcript
- New Oriental Education F1Q10 (Qtr End 8/31/09) Earnings Call Transcript
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Archives
Recommended Sources
About Government Industry
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.