The only certainty facing government contractors in recent years has been uncertainty. That could start to change in 2018.
President Trump’s signature authorizes a total of nearly $700 billion in defense spending and clears the way for new investment in technology modernization across the federal government.
Eighty small businesses, all but 17 of them based in Greater Washington, have won spots on the $15 billion Alliant 2 Small Business contract, one of the more closely watched vehicles for IT services.
Seems like there’s a new government contracting merger by the day? No, you’re not crazy. It’s marriage mania, and here’s why.
Gov-con analysts say likely acquisition targets in 2018 include companies with revenue north of $200 million, as well as private equity-backed companies.
The first fruits of the partnership can be seen in two companies from Finland that are establishing operations here.
The winners include dozens of contractors based in Greater Washington, big and small.
As an industry, defense contractors spent the past two or three years cutting costs and downsizing, but that’s starting to change, one expert says.
Lockheed Martin CEO Marillyn Hewson is “pretty optimistic” a continuing budget resolution won’t extend into 2018, which would alleviate some of the financial uncertainty defense contractors are facing in the Trump administration.