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Imagine waking up to discover that $1.4 billion had vanished overnight. Thats exactly what happened when North Korean state-sponsored hackers infiltrated Bybit, one of the worlds largest cryptocurrency exchanges. This wasnt just another cyber attackit was the largest digital heist in history. For years, North Koreas infamous Lazarus Group has targeted financial institutions, particularly cryptocurrency exchanges, as a way to bypass global sanctions and fund the countrys nuclear ambitions.
Success in federal contracting isnt about getting registeredits about staying ahead. Many businesses assume that once they complete their SAM registration, contracts will follow. The reality? The most successful federal contractors keep moving forward, continuously positioning themselves for new opportunities.
According to the Federal News Network “Nearly 40% of the federal cancelled contracts that President Donald Trumps administration claims to have canceled as part of its signature cost-cutting program arent expected to save the government any money, the administrations own data shows.” TheDepartment of Government Efficiency, run by Trump adviser.
On February 10, 2025, President Trump issued a significant Executive Order titled Pausing Foreign Corrupt Practices Act Enforcement to Further American Economic and National Security. This order pauses the enforcement of the Foreign Corrupt Practice Act (FCPA) and directs the Department of Justice (DOJ) to review and issue new guidelines for enforcing the FCPA.
Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader
Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,
For implementation specialists helping government agencies adopt new workflow management tools like CRM systems, HR performance platforms, or payroll and accounting software, timing is everything. The key to winning new business isnt just responding to RFPsits getting in front of the opportunity before an RFP is even written. Thats where GovSpends Meeting Intelligence comes in.
General Dynamics Information Technology has received a potential five-year, $1 billion contract from the Centers for Medicare and Medicaid Services to support the implementation of a cloud-based infrastructure designed to facilitate the delivery of healthcare services to citizens.
The FoRGED Act is the procurement blueprint for the National Defense Authorization Act of 2026. A section of the FoRGED Act contains language that will change the statutory authority for the General Services Administration (GSA) Multiple Award Schedule (MAS) to embrace best value acquisition procedures. This proposed statutory authority will immediately open up a world of innovation and efficiency for the government and industry.
The FoRGED Act is the procurement blueprint for the National Defense Authorization Act of 2026. A section of the FoRGED Act contains language that will change the statutory authority for the General Services Administration (GSA) Multiple Award Schedule (MAS) to embrace best value acquisition procedures. This proposed statutory authority will immediately open up a world of innovation and efficiency for the government and industry.
When it comes to sustainability, “non-toxic” reigns supreme in consumer preferences. A survey conducted by Crestline Custom Promotional Products, which included over two thousand residents from 25 U.S. cities, revealed that the label nontoxic topped the list of what shoppers prioritize. Its clear that consumers are on the lookout for products that ensure their safety.
As we begin the second quarter of the federal Fiscal Year 2025 (FY25), we find ourselves amidst changes that will impact federal contracting in numerous ways. However, this is also the time to review and analyze the federal governments contract awards for the previous fiscal year (FY24), which ended on September 30, 2024. Why does it take time to access the prior years spending data?
Honeywells aerospace unit and a Lockheed Martin subsidiary have joined forces to develop durable and radiation-resistant microelectronics for space use. Under the partnership, Honeywell Aerospace Technologies said Tuesday it will support ForwardEdge ASICs work on developing technologies for space missions. ForwardEdge ASIC focuses on strengthening U.S. defense microelectronics and supply chains while advancing commercial and military technology.
Envision Technology has landed a $249 million contract from the U.S. Navy to provide the U.S. Marine Corps with the squad aiming laser, or SAL, system. Squad Aiming Laser System Contract The Department of Defense said Monday the firm-fixed-price, indefinite-delivery/indefinite-quantity contract covers spare and repair parts, as well as contractor logistics support and test article refurbishment.
The extent and limits to the Commissions duty to assess the compatibility of State aid measures with other rules of EU internal market law, and public procurement rules in particular, continues to heat up (see earlier comment here ). According to the Courts press release , todays Opinion of AG Medina in Austria v Commission (Centrale nuclaire Paks II) , C-59/23 P is bound to push for further clarification or give another opportunity to the Court to fudge the issue.
Orion Space Solutions, an Arcfield subsidiary, has received a contract to provide real-time atmospheric modeling data to the Space Systems Commands Space Domain Awareness Tools Applications and Processing, or SDA TAP, Lab Accelerator in Colorado.
V2X has secured a $100 million contract to provide the Federal Bureau of Investigation’s Critical Incident Response Group with aviation maintenance and support services. Aviation Support Services The Virginia-based company said Wednesday the FBI will use V2X’s mission-critical aviation resources to conduct intelligence gathering, investigation operations and law-enforcement activities.
The Dominican Republic has urged a D.C. federal court to reject a magistrate judge's recommendation to enforce a nearly $44 million arbitral award issued after the country terminated a landfill concession, saying there was never an underlying arbitration agreement.
About a year or so ago, Maj. Gen. Anthony Genatempo, program executive officer for cyber and networks for the Air Force and Space Force, drew a line in the contracting sand. He told one of his contracting officers and their team to cut the number of days to award a contract from an estimated 14 months to 14 days. They all got very, very long faces on, and they said, Well, what do you mean?
Bob Ritchie, chief technology officer at SAIC, said during the Federal Tech Podcast that while systems integration deals with integrating cyberphysical systems, software and other technologies to achieve a better outcome, mission integration is focused on achieving mission outcomes by adapting to technological advancements and learning iteratively.
A General Dynamics subsidiary has won a potential six-year, $654.7 million contract from the U.S. Navy for shipyard availabilities and related maintenance support services for the military branch’s aircraft carriers.
The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.
Contract termination in public procurement under the Procurement Act 2023directs to the lawful termination of a contract between acontracting authorityand a supplier, providing compliance withpublic contracts regulations. Termination can transpire through various means, including a standardcontract termination notice, asettlement agreement, ora mutual agreementbetween both groups.
Cisco has achieved Federal Risk and Authorization Management Program, or FedRAMP, authorization at the moderate impact level for its Cisco Meraki for Government platform. The San Jose, California-based company said Wednesday the authorization for the cloud networking platform was sponsored by the Department of Homeland Securitys Cybersecurity and Infrastructure Security Agency, or CISA.
The Federal Emergency Management Agency has announced plans to conduct a competition for a contract to provide financial, internal controls, IT audit and assessment services for FEMA’s Office of the Chief Financial Officer, or OCFO, Risk Management and Compliance Division.
The Ninth Circuit upheld a developer's conviction for bribing former Los Angeles City Councilor Jose Huizar to foil a challenge to a downtown project, ruling Thursday the district court didn't have to instruct jurors that the government had to prove the developer bribed Huizar to take a specific, official act.
Costpoint Business Intelligence (BI) is a powerful reporting tool for extracting, analyzing, and formatting your data. Built on IBMs Cognos Analytics with Watson platform, Cognos BI can be used to develop reports and dashboards, prepare visual data presentations, and explore the underlying data in your Costpoint system.
Connie Byler-Sarazin, a 25-year industry veteran, has been named director of business development at Aretum. The information technology services company announced the appointment on LinkedIn Tuesday. Connie Byler-Sarazin Career Achievements The executive will leverage her vast experience in senior-level government consulting in her new role.
The U.S. Supreme Court will return to the bench Monday to consider Mexico's attempt to hold gun manufacturers and distributors liable for cartel-related gun violence and a nuclear waste site dispute that could determine who can challenge future agency actions.
Government expenditure through public procurement is essential since it ensures that there are contracts available to be bid in a fair, open, and competitive manner. These public procurement principles allow businesses of all sizes to participate equitably, protect the integrity of taxpayer money, and encourage competition and efficiency. If public sector bodies and organisations follow clear procurement regulations, they can help uphold high standards of accountability, while still achieving th
Centerra, the infrastructure services subsidiary of non-financial risk management company Constellis, has secured a spot on a $249 million multiple award construction contract for general construction projects at the U.S. Naval Station Guantanamo Bay in Cuba, also known as NAVSTA.
Lockheed Martin has secured a $211.7 million contract modification from the Missile Defense Agency to provide maintenance and sustainment services to two Terminal High Altitude Area Defense, or THAAD, batteries in the United Arab Emirates.
The General Services Administration should not have terminated an office building lease with the Social Security Administration even though the agency ultimately left after employees complained of strange odors, the U.S. Civilian Board of Contract Appeals has ruled.
The General Services Administration is making a second, more direct push to strongly encourage agencies to cut “nonessential” consulting contracts by March 7. And this time, it’s telling agencies to target contractors they believe agencies are spending the most with. “Based on available procurement data, we have identified the 10 highest paid consulting firms listed below are set to receive over $65 billion in fees in 2025 and future years.
Alpha Omega, a Vienna, Virginia-based IT company, has promoted Scott Barnhart to business unit lead of national security. In his new role, he will oversee the Department of Homeland Security and Department of State portfolios, the company said on LinkedIn Wednesday. Leadership is about trust, execution, and delivering results that make a lasting impact.
Executive Mosaic’s GovCon Index fell -1.89% on Friday to settle at $4,495.05, a new low. The index, which tracks the stock performances of 30 major government contractors, lost -1.77% for the week and posted its fifth consecutive weekly loss.
A law recently passed in Massachusetts amends the commonwealth's False Claims Act by dramatically expanding potential liability for private equity firms and investors, underscoring the importance of robust diligence and risk assessments for private equity firms conducting transactions in the commonwealth, say attorneys at Gibson Dunn.
As AI continues to evolve, it is forcing leaders throughout government organizations to rethink traditional identity frameworks to more proactively understand the role of identities, their underlying attributes, and how their interconnected nature can drive enterprise efficiency and enable agencies to more effectively serve the public. Deepika Sud is a strategist and manager for market planning at LexisNexis Risk Solutions.
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