Taiwan’s ruling cabinet announced on August 17 that it has approved a fiscal year 2018 budget proposal that favors the Ministry of National Defense over all other government departments.
The FY18 budget calls for an allocation of TWD331.8 billion ($10.95 billion) toward defense, which would make this area the largest of all government expenditures at 16.7 percent of the total national budget. Continue reading →
Sweden’s Stridsfordon 90 CV9040. Source: Wikipedia
Sweden’s minority government and political opposition Alliance bloc have agreed to a new defense deal that will provide SEK8.1 billion ($1 billion) in additional funding for the country’s broad security needs over the upcoming three-year period through 2020. The agreement bolsters spending on the Swedish military (which will receive SEK6.8 billion – or $841 million – worth of the additional funding) and civil defense (SEK1.3 billion, or $160 million). Continue reading →
SAIC’s headquarters building in Huntsville’s Cummings Research Park. (Source: SAIC)
As a firm that derives almost all of its revenues from U.S. federal markets, Science Applications International Corporation has been acutely aware of the ongoing slowdown in spending.
Partially in response to this decline, SAIC was split in 2013 into two “new” companies, SAIC and Leidos. According to reports, the decision to split freed the high-margin science and technology business and the lower-margin IT and technical services business from organizational conflicts of interest (OCI) restrictions, particularly for the government services business. In broad terms, SAIC focuses on services and Leidos concentrates on information technology, especially in the health technology and national security domains. Continue reading →