Washington Technology released their annual list of the Top 100 government IT contractors. Based on defense revenue these are the Top Ten companies: Lockheed Martin Boeing Northrop Grumman Raytheon KBR Inc. General Dynamics L-3 Communications SAIC ITT Corporation CSC Lockheed had almost $11 billion in revenue while ITT and CSC came in around $2.4 billion. Not surprisingly these are similar...
Government Industry Archive
May 2009
The White House today put out another level of detail for Obama’s proposed $3.4 trillion budget. These outlines have already been passed by both the House and the Senate. The documents released today breakout the Total Obligation Authority (TOA) for the various parts of the Government. The documents are available at the White House web page here. While the budget increases overal...
It seems like Lockheed’s threats of layoffs in New York, and obvious behind the scenes lobbying, is having an effect. This report in The Star Gazette describes a proposal by New York states two Democratic senators, Schumer and Gillibrand, to try and keep the VH-71 Presidential Transport Helicopter program going. This joint endeavor by Lockheed and Finmeccanica of Italy seen below in a...
Due to the fact that states rely on the sales and real estate taxes to make up a large portion of their revenue the falling economy has led to a significant drop in revenues. Most states do have income taxes but they tend to be low. USA Today reports that for the first time in a great deal of time that Federal funds now make up the majority of state revenue. The article using U.S....
Various states as well as the Federal Government are running large deficits. In some of the states they at least pretend to balance the budget every year through tax increases, juggling spending and borrowing. The Federal level relies on borrowing which will reach a record this year especially with the Stimulus Bill, TARP and the Obama’s proposed $3.5 trillion budget. California is in...
In the past the Bush Administration, and really a number of wartime administrations, used supplemental funding acts separate from the normal budget. This was done as the necessary spending could not be predicted for operations. Doing this allowed the core budget to work without the disruption of transferring funds from programs to pay for operations. One problem though with giving Congress a...
There are things that only the government buys, and this is especially true of the military. There is not much civil market for intercontinental ballistic missiles with nuclear warheads. There are also many things that government purchases that do come straight from the commercial market — such as office supplies, computers and basic software. Over the last twenty years there has been...
The Government of Iraq is slowly reequipping its military with modern American systems to replace the varied inventory of Russian, French and British equipment that it operated under Saddam Hussein. This currently means rebuilding their air force especailly. To date they have purchased American UH-1 helicopters along with Russian Mi-17’s as well as a variety of vehicles. Recently...
- Starting Over With Or Without The VH-71
- 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
- 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
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- Next Year Looking Bleak For Government Spending
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- General Dynamics To Build Extra Submarine Thanks To Congress
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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.