The Defense Department will change the way it buys services, and all federal agencies will be allowed to use share-in-savings contracting for information technology work, according to procurement rule changes announced today.
By Nick Wakeman, Jason Miller and Gail Repsher Emery
With the release of its fourth quarter earnings, CACI International Inc. hit a milestone that Chairman, President and Chief Executive Officer Jack London set several years ago: become a $1 billion-a-year company by 2005.
Digital Net Holdings Inc. has again filed for an initial public offering of stock. No date has been set, but the company expects to raise $86.3 million, according to the company's Aug. 8 filing with the Securities and Exchange Commission.
Lockheed Martin Corp. plans to bid as prime contractor on the Homeland Security Department's $1.5 billion contract to build a system to track the comings and goings of foreign nationals.
The General Services Administration has slapped WorldCom Inc. with a suspension and a proposed debarment, which effectively stops the company from winning new government contracts.
General Dynamics Corp. signed a definitive agreement to purchase Digital System Resources Inc., a Fairfax, Va., provider of surveillance and combat systems for submarines and surface ships.<br>
Beleaguered MCI has at least one supporter as the company fights efforts to have it debarred by the federal government due to its financial and legal troubles.
Jill Doherty has been an auctioneer for 20 years and has sold everything from used pet bowls to expensive cars. She also is the 2002 Women's International Auctioneer Champion, winning a competition sponsored by the National Auctioneers Association.
Some familiar names disappeared from this year's Top 100, but not because business was bad. Business at these companies was good?so good, in fact, that larger companies gobbled them up.
When Harris Corp. won the Federal Aviation Administration Telecommunications Infrastructure contract last July, it was another sign of how the systems integration and telecommunications markets are converging. And it appears, at least for now, the systems integrators are gaining the upper hand.
When Washington Technology published its first Top 100 list of federal IT contractors in 1994, a Democrat was in office, defense budgets were shrinking and the Internet was just emerging as a business tool.
As the war in Iraq draws to a close, the U.S. Agency for International Development is ramping up efforts to rebuild and modernize that country's infrastructure with projects that likely will include business for IT integrators.
