During second-quarter earnings calls, government services company executives stressed that modern solutions are required to meet evolving technological threats. Generative AI continues to drive excitement and intrigue as companies jockey for competitive advantage in a crowded marketplace. Uncertainty ... READ MORE >
Government contracting
Space companies wary about the economy
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 >
Defense tech companies see new opportunities
During 2023 first-quarter earnings calls, defense technology executives focused on positioning their companies to meet anticipated macro shifts in the market and continued growing international demand. Defense technology companies want to invest in future development, but only if the risk is balanced ... READ MORE >
TikTok faces a ban on government devices
For federal employees and contractors, it's the end for TikTok. The Consolidated Appropriations Act passed by Congress included a ban on using TikTok on government devices. TikTok is a popular social media app that allows users to create and share short-form videos on any topic. TikTok’s mission ... READ MORE >
Government services companies work through pressure
Executive commentary ran the gamut in 2023 first-quarter earnings calls for defense technology and government contracting companies, underscoring uncertainty, pressure and excitement. The possibility of a national debt default increased doubt about near-term and long-term spending trends. Mounting ... 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 >