In 1991 then Secretary of Defense Dick Cheney canceled the A-12 Avenger advanced stealth attack aircraft under development for the U.S. Navy. This aircraft was to be the Navy’s equivalent of the F-117 and replace the A-6 Intruder on the decks of aircraft carriers. Unfortunately the program awarded to McDonnell Douglas and General Dynamics had schedule and cost issues not unexpected for...
Government Industry Archive
June 2009
SAIC announced their earnings for the first quarter of 2009 and following in the steps of most major defense contractors had a good one. The company saw revenues up twelve percent when compared to the same quarter last year. This was up to $2.65 billion with an operating income of over $200 million. The company is concerned that some of the changes that the Obama Administration has announced...
When you throw a $787 billion stimulus at trying to jump start the U.S. economy you might expect some hits and misses. Vice President Joe Biden who is charged by President Obama with monitoring the rate at which the money is flowed out to projects admitted today what everyone associated with this type of spending knows: Some of the money will be “wasted” or lost to scams. Speaking...
In the past due to desires to protect advanced stealth material technology and combat systems the United States’ Congress has passed laws preventing the Foreign Military Sale (FMS) of the F-22 Raptor fighter aircraft. Of course that was before the Obama administration decided to end production of the aircraft causing major problems for the Boeing and many other company’s...
Despite the best efforts of various good government groups, the local Congressional delegation and the companies involved the U.S. Navy on Monday ended the VH-71 New Presidential Transport helicopter. In a press release at www.defenselink.mil the Navy stated that it “terminate the VH-71 System Development and Demonstration (SDD) program contract. The announcement follows a Department of...
In many ways contracting at the Federal and State levels in the United States can be contradictory and a little schizophrenic. There are rules and regulations that require for most contracts demanding fair and open competition and the best value for the government. At the same time there are rules on whether only Americans can do the work and where materials come from. Computerworld has an...
Before the recent economic downturn and the election of the Democratic Obama administration since 2001 United States and European defense contractors had done fairly well compared to the rest of the market. Boeing (BA) for example was at 50 in June, 2005. It peaked at just over 100 in October, 2008. (Data from Boeing Investor Relations). Since then it has declined to 44.85. At the same time...
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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.