The U.S. Government’s deficit increased in June by another $94 billion. Coming off of two of the worst May and Aprils in history the total deficit is now over one trillion dollars for the first time. There is one quarter left of the 2009 Fiscal Year and it may see the total deficit cross the two trillion mark. It was only a few years ago that the Federal budget went over two trillion...
Government Industry Archive
July 2009
Lockheed Martin had stated in the past that the cancellation of the VH-71 Presidential Transport Helicopter would lead to job cuts at its Owego, NY facility. On Tuesday they announced that due to the Navy’s termination of the contract to modify the European made aircraft that another six hundred workers would lose their jobs. The company had already cut two hundred employees at their...
The Senate began debating the 2010 Defense Budget and a key topic was the continued production of the F-22 Raptor advance fighter. The Obama Administration has recommended ending production of the aircraft at the 187 currently planned. The Air Force had wanted at least forty odd more to meet its requirements but submitted the smaller number with their budget. Both the House and Senate Armed...
Brazil is planning a major upgrade to its armed forces over the next few years. They are one of several regional powers doing this. India and Australia are also doing the same thing. A key aspect of all three nation’s plans is to purchase an advanced fighter. Australia is buying F/A-18 and F-35 JSF aircraft. India is conducting a contest right now to determine the winner, and Brazil...
Last year Congress added a requirement to the Defense Appropriations Bill that required those companies receiving defense dollars to utilize the current voluntary E-Verify System to make sure all of their employees could legally work in the United States. The implementation was delayed twice due to a lawsuit and an attempt to make sure the rule was implemented properly. E-Verify is run by the...
The New York State Senate is in turmoil and right now is incapable of functioning. After one Democrat Senator voted with the Republicans to restructure the leadership the Senate has been split 50-50 between the two parties. Because the old Lieutenant Governor, David Paterson, is now the Governor due to Elliot Spitzer sexual peccadilloes there is not a tie breaking vote. This means that the...
Sallie Mae the government subsidized student loan provider had been facing a loss of revenue under an Obama Administration proposal to eliminate subsidizing private companies to make student loans. Rather the government would return to the days where itself issued the loans. Late last year the company had tried to fight this proposal by making promises to increase U.S. jobs as well as getting...
The Turkish Government’s Defense Industry Executive Committee (SSIK) held a meeting and announced a variety of initiatives to modernize their military. The SSIK is made up of the Prime Minister, Defense Minister and Chief of the General Staff and guides military procurement decisions in line with national strategy. One announcement that had been expected was a decision on whether to...
The U.S Government and Department of Defense have lots of rules and regulations governing contract awards and management. Some say too much and it leads to the stifling of initiative, slower contracting and poor use of funds. Three recent stories indicate why sometimes this way of doing things is required. The government tries to award contracts fairly and in a way that saves them money....
Over the last twenty years there has been a significant expansion of jobs related to the defense budget. Not only are there many manufacturing and highly technical maintenance and repair jobs linked to the U.S. defense spending on large procurement programs but there are also many high-paying technical jobs supporting the Government offices involved in managing the Department of Defense. Many...
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- 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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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.