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GovConWire's Government Contracting News 8/10/2022

President Biden Signs CHIPS Act to Drive Semiconductor Industry Growth
News

President Biden Signs CHIPS Act to Drive Semiconductor Industry Growth

President Joe Biden on Tuesday signed into law a bipartisan bill that will allocate $54.2 billion in total funding to support U.S. semiconductor research and development, manufacturing and workforce development to create jobs and secure the domestic chip supply. The CHIPS and Science Act will provide a 25 percent investment tax credit for spending on
AT&T Veteran Don Parente Takes VP Role at MetTel’s Federal Practice
Executive Moves

AT&T Veteran Don Parente Takes VP Role at MetTel’s Federal Practice

Don Parente, a 25-year veteran of AT&T (NYSE: T), has been named a vice president at MetTel‘s federal business where he will be responsible for driving sales to the Department of Defense and through systems integrators. In his new capacity, Parente will aim to expand MetTel’s business with defense organizations and oversee its collaboration with
GSA Unveils Upcoming Changes to Entity Validation Process in Federal Procurement Database
News

GSA Unveils Upcoming Changes to Entity Validation Process in Federal Procurement Database

The General Services Administration has listed several upcoming improvements to the entity validation process at SAM.gov. The forthcoming changes were informed by user and industry feedback and include step-by-step instructions for selecting an entity from the search results, a feature to ask for all entity data upfront in order for the user to have a
V2X Issues 1st Financial Report Since Vectrus-Vertex Merger; Chuck Prow Quoted
Financial Reports

V2X Issues 1st Financial Report Since Vectrus-Vertex Merger; Chuck Prow Quoted

V2X (NYSE: VVX) reported $498 million in sales for the second quarter of 2022, up 6 percent from the prior-year period, and said the quarterly results for the period ended July 1 reflect contributions of Vectrus prior to the completion of its merger with The Vertex Company. In early July, Vectrus closed its all-stock merger
Booz Allen Veteran Jason Tone Joins Maximus as Health Tech, Consulting Services VP
Executive Moves

Booz Allen Veteran Jason Tone Joins Maximus as Health Tech, Consulting Services VP

Jason Tone, a more than 15-year veteran of Booz Allen Hamilton (NYSE: BAH), has joined Maximus (NYSE: MMS) to serve as a senior vice president in charge of some service offerings for the federal health business area. He will be responsible for growing technology and consulting services that work as a complement to Maximus’ business
Lockheed Awarded $524M to Obtain Production Materials for Italian F-35 Lots 15 & 16
Contract Awards

Lockheed Awarded $524M to Obtain Production Materials for Italian F-35 Lots 15 & 16

Lockheed Martin (NYSE: LMT) has secured a $524.1 million contract modification from the U.S. Navy to obtain long-lead items, components and support services needed to build the 15th and 16th batches of F-35 aircraft for the Italian military. The procurement funds are for equipment and efforts required for manufacturing 14 units of the aircraft’s conventional
Kathrine Dass Elevated to Ventech Chief Delivery Officer Post
Executive Moves

Kathrine Dass Elevated to Ventech Chief Delivery Officer Post

Kathrine Dass, former senior vice president of delivery operations at Ventech Solutions, has been promoted to chief delivery officer at the Columbus, Ohio-headquartered information technology services provider. Ventech said Tuesday that Dass will report directly to CEO Tonia Bleecher and lead business growth initiatives across the health care IT marketplace. She initially joined Ventech Solutions
Palantir Logs Higher Q2 Government Sales; CEO Alex Karp Points to Contract Delays on Revised 2022 Guidance
Financial Reports

Palantir Logs Higher Q2 Government Sales; CEO Alex Karp Points to Contract Delays on Revised 2022 Guidance

Palantir Technologies (NYSE: PLTR) saw its second quarter 2022 revenue from U.S. government customers grow 27 percent year-over-year and 9 percent on a quarter-on-quarter basis. Denver-based data analytics software provider said Monday total sales for the April-June period were up 26 percent to $473 million compared with 2021 figures and the growth helped offset net
Boeing Books $287M DLA Delivery Order for Navy F/A-18 Aircraft Parts
Contract Awards

Boeing Books $287M DLA Delivery Order for Navy F/A-18 Aircraft Parts

Boeing will provide the U.S. Navy with consumable parts for its F/A-18 multi-role strike fighter jets under a potential 10-year, $278 million delivery order from the Defense Logistics Agency. The sole-source award was made against a 15-year basic ordering agreement for F/A-18 aircraft component acquisition, the Department of Defense said Tuesday. The delivery order has
Q&A With System High CSO, EVP Doug Kumbalek Tackles Recent Company Growth Initiatives, Digital Transformation Efforts
News

Q&A With System High CSO, EVP Doug Kumbalek Tackles Recent Company Growth Initiatives, Digital Transformation Efforts

Doug Kumbalek, chief strategy officer and executive vice president at System High Corp., was featured in a recent Executive Spotlight interview published Tuesday. He discussed what he hopes to accomplish in his new role, the company’s recent growth initiatives and digital transformation efforts to stay ahead of innovation in the federal landscape. Here’s an excerpt
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