Update - The Portland Press Herald of Maine has an excellent article describing many of the issues revolving around earmarks. They lay out how some of the defense earmarks gained by the local Congressman and Senators have greatly benefited the local economy and companies. The issues though are that they are not necessarily requested by the Department or Services and they may not be the best...
Government Industry Archive
April 2009
While the proposed changes and reforms to the next defense budget announced by Secretary Gates have obviously not been processed by Congress and actually reflected in a budget law, the major defense contractors are beginning to report on their quarterly earnings. Some of the program reforms will have an effect on future revenue and earnings if they are included in the budget and this, not...
The Stimulus Bill worth over $780 billion passed by Congress last month will fund a wide variety of projects. From road repairs, to weatherizing houses, to teacher salaries to just regular local and state expenditures there is a great deal of money available to the private sector. Much of the money will go to various Federal, State and local government entities but a significant amount will...
Earlier this year the U.S. Department of Defense signed a contract with Silicon Graphics to buy several supercomputers. DoD has a program where they buy a few of these each year to support various applications. They try to buy from different vendors in order to maintain a diverse base as well as get the systems that match their needs. Computerworld Security writes about the fact that as the...
Today was the final day of the Web 2.0 Expo in San Francisco. This morning’s mixed bag of keynotes included a fireside talk with the founders of Threadless.com and a great demo of chartbeat, a new real-time website monitoring tool. After the keynotes, I decided to let fate decide what I’d actually cover in this future-oriented blog and followed Tim O’Reilly-the founder of the media...
Network Appliance of California will pay a fine of $128 million to settle claims by the U.S. Governemnt that it overcharged them. The company was accused of not offering the same prices to its government customers as it did to commercial ones. PCWorld writes that this settlement was the result of charges brought due to a whistleblowing former employee. NetApps had qualified through the...
In a true case of lies, damn lies and statistics the Government Accountability Office (GAO) released their regular report to Congress on protests of DOD contracts. The report concludes that protests were up twenty-three percent in 2008, but historically is lower then average. As such the results of the report got described two ways in two different articles. The Dayton Business Journal...
A study carried out by Assocham and Ernst & Young of the benefits of the Indian government’s offset policy in regards to defense contracts will drive substantial investment in the country’s economy. The study concludes that up to $10 billion could be generated over the next five years if the policy is followed correctly. The policy was adopted last Summer to replace one that...
Last year about this time I wrote an article at Seeking Alpha about how Boeing despite some setbacks in the defense realm was still a safe stock due to its large commercial aviation backlog and the coming of the 787. The article: Boeing’s Defense Future: Stock Remains a Fortress made the argument that even without the KC-X tanker contract there was enough defense work for the company....
As we have discussed in the past Sweden’s sole aerospace company, SAAB, has been agressivley marketing the Gripen in Asia and Europe. With several NATO countries looking to replace their F-16 fleets in the near future the Gripen has been submitted to Norway, Denmark and Holland. It has also been suggested for the new Indian fighter and possibly for Greece’s use as well....
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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.