Welcome to the Weekly News Kick Off from the FedPulse blog. It is estimated that total defense spending on a global scale will increase to $1.547 trillion in 2014, while the U.S. is facing projected cuts in defense over the next decade. This year, the contracting community also expects to see more mergers. Be sure to check out this and much more in the latest Weekly News Kick Off. Happy Monday.
Global Defense Budget to Climb in 2014
As the world digs out from the economic downturn of 2009, it seems that annual growth in global defense spending is back. Total global defense spending is seen increasing 0.6 percent from $1.538 trillion in 2013 to $1.547 trillion in 2014.
Cuts in U.S. Defense Spending Force Hard Strategic Choices
Meanwhile in the U.S., budget cuts over the next decade will force the Pentagon to make painful cuts to personnel and readiness and could make it hard to execute a global security strategy.
2014 Looks Like A Year For Big Mergers In Defense Services
According to Forbes Magazine, we will most likely see more mergers in the government contracting arena in 2014.
Federal Travel Spending Drops 18 Percent in 2013
Federal travel spending fell 18 percent from fiscal 2012 to 2013, from $8.5 billion to about $6.9 billion, according to the GSA. Be sure to check out the Government Events PulsePoll™ from Market Connections, Inc. and Boscobel Marketing Communications, which revealed how these travel restrictions are impacting innovation and government-industry collaboration.
Snowden Fallout on Contractors: It’s Not All Bad
The Edward Snowden leaks have led to changes in cybersecurity practices at U.S. defense contractors, though contractors continue to say they remain vulnerable to cyber attacks, according to a recent survey by ThreatTrack Security.
Former Army CIO heads to Booz Allen Hamilton
Lt. Gen. Susan Lawrence, who retired in October 2013 as Army CIO, is now a senior vice president at Booz Allen Hamilton
General Dynamics Electric Boat Awarded $520 Million for Virginia-Class Submarine Materials
General Dynamics‘ Electric Boat subsidiary has been awarded a $520 million contract action to acquire long lead time materials for work on four Virginia-class submarines for the U.S. Navy.
MAXIMUS Achieves Better Than Expected Q1 Earnings
MAXIMUS has announced financial results for the first quarter of its 2014 fiscal year. The company reported 42-percent higher revenue from the prior year. Be sure to check out the recent FedPulse Q&A with Tom Romeo, MAXIMUS’ President of Federal Services, who provides insights into the company’s successes.
DARPA Hires Raytheon to Work on Plan X Cyber Warfare Platform
The Defense Advanced Research Projects Agency (DARPA) has awarded a $9.8 million contract to Raytheon as a part of its Plan X program, which is designed to plan for, conduct and assess cyber warfare in the same way that kinetic warfare is analyzed.
NetApp and Market Connections Survey Pinpoints Data Storage Concerns
A recent Market Connections survey, commissioned by NetApp, examines data storage concerns, including budget constraints, security, disaster recovery and the impacts of planned and unplanned downtime.
BAE Systems Taranis Combat Drone Shapes Future Attack-Jet Design
BAE Systems will build on trials of its Taranis unmanned combat drone to design a future strike aircraft to eventually replace today’s generation of fighter jets.
ManTech Opens New Integration Facility in South Carolina
ManTech International has opened a new integration facility in Charleston, S.C., in order to develop advance solutions for defense and homeland security applications.
Behind the Launch: An Inside Look At Leidos’ Social Media Initiative
Once Leidos officially spun off from SAIC, it had to rebuild its social media followers from scratch. Here’s the inside scoop on how the new company effectively tackled this challenge.
FCW Announces the Federal 100
FCW released its annual Federal 100 list of the most innovative government and industry executives who are driving major changes in federal IT.