During first-quarter earnings calls, space executives were concerned about economic factors affecting cash flow during a period of high investment in manufacturing. Executives also highlighted how the changes in consumer behavior are affecting the market. Companies plan to meet changing demands through ... READ MORE >
Business and professional services
Staffing firms may be headed for a rough patch
Business services firms face great risks in the near term as the economy shows worrying signs. Consumer confidence in April reached its lowest level since July 2022. U.S growth slowed to 1.1% in the first quarter of the year. High interest rates continue to decrease capital spending throughout the ... READ MORE >
To harness AI, law firms need a solid data foundation
The term artificial intelligence was first coined in the 1950s. But until recently, the adoption of the technology was confined to fantastical Hollywood movie scripts, or it appeared in the musings of a select few software engineers and innovative CIO strategists. Today, artificial intelligence is a daily ... READ MORE >
Space businesses look to global demand and government need for growth
Increased global demand and opportunities to serve the federal government continue to support space companies. To maintain momentum, they are focusing on their competitive advantages, either through pricing strategies or differentiating through innovation. Meanwhile, supply chain challenges remain a ... READ MORE >
Government services companies optimistic
The government services ecosystem is always on a mission. Whether executing on existing contracts or anticipating solutions for the challenges of the future, industry executives are continually refining strategies and aligning capabilities to meet the needs of citizens at home or those deployed ... READ MORE >
Defense tech companies seek growth
Defense technology executives appeared pleased that Congress enacted into law the National Defense Authorization Act for 2023. But labor, parts and inflation continue to challenge their companies' ability to improve operating margins, they said during spring 2023 earnings calls. Multiple themes emerged ... READ MORE >
Key highlights of the FY 2023 National Defense Authorization Act
President Joe Biden signed the National Defense Authorization Act on Dec. 23, 2022, approving approximately $858 billion in funding for the Department of Defense and national security programs under the Department of Energy. The NDAA also includes $12.6 billion for inflation’s impact on purchases and ... READ MORE >
Government services businesses look to the future
The future is the focus for government services executives. With geopolitical tensions high and an elevated FY 2023 defense budget forthcoming, executives signaled innovation will be the key to establishing security on the global stage and exercising supremacy over near peer threats. Industry ... READ MORE >
Outer space: an endless frontier of opportunities for federal contractors
While inflation and macroeconomic uncertainty continued, interest in space demand drew attention from notable investors, international governments and key players in the federal contractor market in Q3. Space and intelligence players navigated their short- and long-term objectives to successfully execute ... READ MORE >
Staffing firms see strong demand as hiring remains steady
Three recent studies indicate that hiring remains a priority for companies throughout the economy, an auspicious sign for staffing firms facing economic headwinds. Staffing firms continue to hire—for now Staffing jobs for the week ending Sep. 25 increased 6.6% compared to the same period last year, ... READ MORE >