Lockheed Martin is one of the biggest defense contractors in the world. As of 2021, the company’s net sales to the federal government amounted to $42.47 billion, the highest ever since 2000. It employs about 114,000 people worldwide and produces aircraft, satellites, missiles, cybersecurity software, energy systems, artificial intelligence, and various military technologies. This article […]
The devastating effects of the global pandemic brought countless industries down to their knees. The series of lockdowns put the economy in a tight chokehold, which created a domino effect that is felt across different sectors. Despite that, this catalyzed seismic changes in the industry—particularly the government contracting industry. To better serve the evolving needs […]
Every firm has contracts at its core, regardless of its size. Contracts are challenging to understand. Before you sign anything, make sure you know all of the terms of the deal. This article compiles the information you need to know about contracting in business. It includes different business contracts, how to manage the contract well, […]
What is government regulation of businesses? Government regulation of enterprises consists of business restrictions imposed by the United States government. In a business-driven society, the government must defend workers’ rights, the environment, and corporate power. Regulations provided by the government are essentially rules that define the limits of legal behavior. Breaking the rules would result […]
How much does the government spend on technology? United States federal government budget has set out nearly 58.44 billion dollars for information technology in civilian federal agencies in 2022. The budget statistics for 2022 exclude the portion of the budget assigned to the Department of Defense and other secret IT spending. Cyber security spending […]
As they say, two heads are better than one. That is why government contractors—especially small businesses—who want to upscale their business capabilities enter a joint venture agreement. What is a joint venture? A joint venture agreement or JV is an arrangement between two or more businesses to team up to accomplish a particular business goal. […]
Clients and customers alike benefit significantly from on-time deliveries. They will be delighted to receive their items on time, and the delivery process will be more enjoyable by using courteous courier services. However, obtaining a government delivery contract can be complicated, yet it is worth it. This article will explain what you need to know […]
The NASA or National Aeronautics and Space Administration (NASA) is an independent organization of the United States federal government that controls the space industry by doing civil space technology programs, aeronautics research, space research, and advanced engineering systems. With all the things going on with the NASA Facilities, it requires them to work with […]
The cooperation between the U.S. government and the federal contractors is indispensable, especially during these tumultuous times when new evolving threats loom. On top of battling the devastating effects of the COVID-19 pandemic, the federal government is setting its sights on how the nation can defend itself against threats. And thus, these gnawing concerns fueled […]
How do I get my first government contract? Before winning government contracts, you and your business must comply with all the necessary prerequisites. The following are the contract requirements that your business must have to get into the government contracting industry. System for award management (SAM) – registering at the System for Award Management is necessary […]
