ITT Exelis, in Colorado Springs, received a $160 million U.S. Army contract to provide information technology support and IT services to the U.S. Army in Europe, U.S. European Command and U.S. Africa Command. The operations, maintenance and supply in Europe was awarded by the U.S. Army contracting Command in Fort Huachuca, Ariz., and includes the [...]
Continue reading …Colorado takes pride in its Western entrepreneurial spirit — and that extends to the belief of some lawmakers that business owners should be able to use deadly force against anyone who tries to take what’s theirs. It’s an idea that conjures Clint Eastwood’s Dirty Harry, and its supporters have taken liberties with the hardboiled character’s [...]
Continue reading …Predictions about the effects of the Congressional supercommittee’s failure to reduce the federal deficit are dire. The smallest Air Force in history. The smallest Army since 1940. The least number of Navy ships since 1915, and the loss of thousands of civilian jobs — all thanks to the automatic Department of Defense budget cuts of [...]
Continue reading …Intecon, a service-disabled, veteran-owned small business and provider of information technology services has won the 3-star excellence award from Raytheon. Intecon is one of a small group of suppliers given the ward by the major defense contractor, said Robert Armbruster, vice president of program leadership and mission assurance at Raytehon. The award places Intecon in the [...]
Continue reading …More than 1 million American jobs could be lost as a result of defense budget cuts if the deficit reduction committee fails to reach agreement on alternative balanced budget solutions, and total cuts to defense reach $1 trillion. The study, done by Stephen Fuller, director of regional analysis at George Mason University and Economic Modeling [...]
Continue reading …Colorado Springs defense companies are on the offensive, battling cuts to the Department of Defense budget that could reach $600 billion.
Continue reading …Uncertainty in Washington about the 2012 defense budget — and billions in cuts expected in the next decade — has major defense contractors worried about shrinking contracts and cutting jobs. But smaller businesses in Colorado Springs are cautiously optimistic that smaller contracts might even the playing field. “Smaller companies are more nimble,” said Buddy Gilmore, [...]
Continue reading …ITT Corporation, which has a division headquartered in the Springs, has re-organized branches of its companies. The company is spinning off its water technology and creating a defense company. ITT’s core business will continue under the ITT Corporation name. It will also retain ITT Mission Systems, the group headquartered in the Springs, which performs satellite [...]
Continue reading …In 2010, the Air Force Academy had the greatest economic impact in its recent history for the Pikes Peak region: $851 million. The reason: long-term, large scale construction projects. “It’s a 9-percent increase from last year,” said Lt. Col. Burke Beaumont, director of financial management and comptroller at the academy. “The primary reason is the [...]
Continue reading …The first winners from Fort Carson’s new aviation brigade will be construction companies: The Army plans to spend $224 million on buildings and hangars alone. But for local business, the economic impact will be muted, at least at first. That’s because local companies have a chance to be subcontractors but probably won’t be in the [...]
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