Services Contracting

House Armed Services Committee Chairman Mac Thornberry (R-TX) said today he and Senate Armed Services Committee Chairman Jim Inhofe (R-OK) have sent a letter to the Pentagon opposing plans to reduce defense contractor progress payments, arguing that doing so is "inconsistent" with congressional intent. (UPDATED)

Industry groups are pushing Congress to compel the government to take steps to drastically reduce the backlog of background investigations as the Pentagon readies to take over the investigative process.

The Senate Appropriations Committee remains concerned the Defense Department does not have adequate policies and controls in place to enforce limitations on its annual amount of contracted services and is urging the Pentagon comptroller to review the matter.

House lawmakers are moving to restrict how quickly the Defense Department can shift other transaction agreements from prototype work to production after government auditors ruled DOD improperly awarded a nearly $1 billion follow-on production agreement earlier this spring.

An improving U.S. defense budget has led DynCorp International to return to its historical core markets, boosting profits and leaving the company weighing its acquisition options.

CACI International announced this morning it was withdrawing its offer to buy CSRA, giving General Dynamics a clear path to purchase the latter company.

CACI International has thrown its hat into the ring in the chase to purchase CSRA, offering more money per share than General Dynamics’ multibillion-dollar bid.

KBR said today it has agreed to buy Stinger Ghaffarian Technologies, better known as SGT, for $355 million as it increasingly moves into the government services market.

The new tax legislation passed late last year has been hailed by many business executives, who argue the changes will help them invest in their workers and new technology.