Weekly News Kick Off: Senate Approves Budget; DoD Sequester Budget Buybacks; and Engility to Acquire Dynamics Research Corporation - (Archived)

Welcome to the Weekly News Kick Off post from the FedPulse blog.  With it being a short holiday week, we have provided an abridged version of our ever-popular weekly news kick off post – since many of our readers are spending precious time with family and loved ones.  The big news is the approved government-spending plan, along with stories about new contract wins and acquisitions. Be sure to check out this and much more in the latest Weekly News Kick Off.  Happy Monday.

Senate Approves Budget, Sends to Obama
Congress has passed a government-spending plan without resorting to last-minute brinkmanship such as midnight negotiations to prevent an imminent government shutdown.

DoD to Submit 2015 Sequester Budget with Buybacks
The Pentagon’s 2015 budget proposal accounts for billions of dollars in sequestration spending cuts, however it will use $30 billion in restored funding over the next two years to buy back readiness shortfalls and critical modernization programs.

Sequestration, Shutdown Take a Bite Out of Contractor Revenue
Last week, Market Connections and Lohfeld Consulting launched a new study that highlighted the impact of sequestration and the government shutdown on the contractor community.  To date, the FCW and GovExec have covered the study.

Air Force Wants New Tech for Cross-Domain, Mobile Info Sharing
The Air Force Research Laboratory is looking for industry support when it comes to the challenge of sharing information across multiple security domains, both within the enterprise and out to mobile and tactical environment.

2013 Was the Year Everything Went Right For Lockheed Martin’s F-35 Fighter
According to Forbes Magazine, 2013 will go down as the year that doubts about Lockheed Martin’s F-35 program melted away.

Engility Holdings to Acquire Dynamics Research for $120.9 Million
Engility has agreed to acquire government contractor Dynamics Research Corporation for $120.9 million, as Engility looks to position itself in new, higher-end markets.

How Northrop Grumman is Winning the Military’s Super-Stealth Drone Race
According g to Fortune Magazine, Northrop Grumman is quietly carving out a niche as the industry standard-bearer for technologically sophisticated, often autonomous, and increasingly stealthy unmanned aerial systems

BAE Systems Wins $171 Million to Integrate Navy Ballistic Missiles
Congratulations to BAE Systems for winning a three-year, $171 million contract to continue helping the U.S. Navy engineer and integrate submarine-launched missiles.

ManTech Taps New Group SVP of BD
ManTech International has named Yvonne Vervaet senior vice president of business development for the company’s Mission, Cyber & Intelligence Solutions Group.

How Local Businesses Gave to Charity in 2013
Although many companies in the DC area were challenged by sequestration and the government shutdown, they did not stop giving generously to charities.


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