Search

Obama: Stop Sequester Cuts With Bipartisan Tax Deal

President Barack Obama called during his State of the Union address for Congress to avert looming “sequestration” budget cuts in part though “bipartisan, comprehensive tax reform.” Republicans skeptical of Obama’s approach to stopping the $1.2 trillion reduction to defense and non-defense spending--which is widely unpopular in Washington--charged in advance of his Tuesday night speech that he has not done enough to stop sequestration from starting March 1. Obama dedicated roughly 800 words to deficit reduction and sequestration during his address to…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.



Contract Updates

Hartech Group LLC (New Port Richey, Florida) – $10,153,033

Hartech Group LLC, New Port Richey, Florida, has been awarded a maximum $10,153,033 firm-fixed-price contract for three high precision jig grinders with Fanuc controllers. This was a sole-source acquisition using justification 10 U.S. Code 3204 (c)(1), as stated in Federal…


Lockheed Martin Space (Sunnyvale, California) – $142,621,543

Lockheed Martin Space, Sunnyvale, California, is being awarded a $142,621,543 noncompetitive, cost-plus-incentive-fee, cost-plus-fixed-fee, and firm-fixed-price contract modification (P00073) under a Foreign Military Sales (FMS) case to the United Arab Emirates (UAE). The total value of the contract increased to $876,747,896.…


Amentum Services (Chantilly, Virginia) – $10,645,952

Amentum Services, Chantilly, Virginia, was awarded a $10,645,952 cost-no-fee, time-and-materials modification (P00074) to contract W58RGZ-25-C-0004 to provide global aviation maintenance services. The modification brings the total cumulative face value of the contract to $158,855,989. Work will be performed in Schofield…


General Electric Co. (Lynn, Massachusetts) – $26,950,000

General Electric Co., Lynn, Massachusetts, was awarded a $26,950,000 cost-plus-incentive-fee modification (P00100) to contract W58RGZ-19-C-0003 to support the engineering and manufacturing development of the improved turbine engine. The modification brings the total cumulative face value of the contract to $862,954,255.…