Lockheed Martin Corp.‘s fighter jets and General Dynamics‘Â Virginia-class submarine have secured $8.4 billion and $5.4 billion, respectively, in President Barack Obamaâs 2014 budget plan, the Washington Business Journal reports. The U.S. President
MoreDuring the visit of new President XI Jinping to Russia, China has agreed to purchase four submarines and 24 Su-35Â fighter jets from Moscow, according to a UPI article. This is the biggest
MoreU.S. General Services Administration Acting Administrator Daniel Tangherlini has said a federal strategic sourcing program has helped agencies save $300 million from the procurement of goods and services, the Washington Business Journal reported. Jill
MoreThe number of no-bid contracts awarded by federal agencies jumped nearly 9 percent between fiscal years 2009 and 2012 as total contract spending decreased 5 percent, the Washington Post reports. Citing government
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A House bill intended to reform the federal information technology acquisition process would require agencies to state the price of a product or service before starting competition, FCW reports. After agencies state
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The Transportation Department has warned contractors that it may have to cancel or renegotiate its contracts as it manages its share of the $85 billion in fiscal year 2013 budget cuts under
MoreThe State Department would assume all brokering responsibilities under a new export control system the Obama administration is working to develop, American Forces Press Service reports. Cheryl Pellerin writes senior administration officials
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The House is considering a defense appropriations bill that would let the Defense Department bring forward new programs before sequestration cuts would start affecting those programs, the Washington Business Journal reports. Some
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Tens of thousands of jobs in Maryland and Virginia are at stake as a result of $85 billion in automatic budget cuts under sequestration, the states’ respective governors said in an interview
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The Department of Homeland Security has reduced spending on noncompetitive contracts each year since fiscal year 2008, going from $3.5 billion in that year to $389 million in fiscal 2012, DHS’ inspector
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