Welcome to the Weekly News Kick Off post from the FedPulse blog. The federal government is officially back open for business. As such, Lockheed Martin is lifting its furloughs of 2,400 employees, and we are seeing a flood of new contracts being awarded. Be sure to check out this and much more in the latest Weekly News Kick Off. Happy Monday.
Open For Business: Government Shutdown, Default Averted
After 15 days of a government shutdown and on the eve of when the country was set to lose its borrowing authority, Congress passed legislation to fund the government and avert a default.
The Next Budget Crisis Is Only 90 Days Away
Now that this government shutdown is behind us, there are growing doubts that Congress can avoid another fiscal showdown in only 90 days.
Amid Budget Restrictions and Stiffer Competition, Contractors Face LPTA Procurements
Market Connections and Centurion Research Solutions will share the results of new research on the implications of LPTA procurements on innovation and value in government contracting. Be sure to register for the LPTA Impact Event on October 24, featuring speakers from GDIT, Harris IT, NCMA and Sotera Defense, on how contractors can respond and survive in an LPTA environment. Seats are filling up quickly! Online registration closes at noon on Tuesday, Oct. 22.
Lockheed Martin to Lift Furloughs of 2,400 Employees
Hours after Congress voted in favor of a deal to end the government shutdown, Lockheed Martin said that it will end the furloughs of more than 2,400 of its employees.
Do Contractors Need to Take Out Government Shutdown Insurance?
Based on the recent government shutdown, contractors may seek ways to insulate themselves from business disruption.
TechAmerica Forecasts Steep Cuts In Federal IT Spending
Pressures from sequestration, deficit reduction and the drawdown in defense spending will take a toll on federal IT spending over the next five years, according to a market forecast from the TechAmerica Foundation.
Debt Deal Funds DHS to Take Over Air Force Border Blimps
The bill signed to end the government shutdown also transfers funding for a fleet of aerostats along the U.S.-Mexico border from the Air Force to the Homeland Security Department.
Army Launches Cyber Research Alliance
The U.S. Army is launching a cybersecurity alliance that will fund research academic and industry research to “explore the basic foundations of cyber space issues in the context of Army networks.”
Private Sector Could Bridge Satellite Gap
Commercial satellite data providers are on standby to mitigate a potential gap of available data from domestic polar-orbiting weather satellites maintained by the National Oceanic and Atmospheric Administration.
Raytheon to Get $3 Billion Missile Contract: Pentagon
Congratulations to Raytheon for winning a $3 billion contract to supply missile systems to the U.S. Defense Department.
Northrop Grumman to Supply Polar Ice Breaker Navigation Support for U.S. Coast Guard
Congratulations to Northrop Grumman for winning a $5 million service contract for navigation systems and software to support the polar ice breakers for the U.S. Coast Guard.
Booz Allen Hamilton Wins $413 Million GSA Task Order to Provide Systems Integration in Support of Air Force Flight and Maintenance Training Systems and Simulators
Congratulations to Booz Allen Hamilton Engineering Services for winning a $413 million task order on the U.S. General Services Administration’s (GSA) Alliant Government-wide Acquisition Contract (GWAC).
Harris to Install VA Medical Center Wireless Network
Congratulations to Harris Corporation for winning the final and third phase of a potential four-year, $60 million contract to provide a wireless network platform for Department of Veterans Affairs medical centers.
Engility Awarded $9.7 million Contract to Support R&D for the U.S. Army’s Vehicle Fleet
Congratulations to Engility for being named as the prime contractor for a $9.7 million award to provide engineering support to research and development across the U.S. Army’s fleet of vehicles.