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Business/Financial

AECOM to Spin Off Government Contracting Branch

Tuesday, June 18th, 2019

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AECOM to Spin Off Government Contracting Branch

AECOM [ACM] said Monday it plans next year to spin off its multibillion-dollar government contracting branch into a separate publicly traded company. The Board of Directors to the Los Angeles-based infrastructure multinational unanimously signed off on the separation, which is expected to occur in the second half of 2020, according to an AECOM press release. In a message Monday to company employees, AECOM Chairman and CEO Michael Burke called the spinoff “a strategic move that unlocks new value and will…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]