Big DOD audit push starts with $90 million Contract Purse

Article Abstract:

Contracts worth up to $90 million are expected to be awarded by the Department of Defense (DOD) to outside auditing firms by the end of fiscal 2004 that deal with information technology (IT) systems used for processing financial information. This class of expenditures is expected to increase to as much as $400 million over fiscal 2005 through 2007 for the achievement of a unified financial statement of all of DOD that includes the audited statements of its component agencies.

Financial management, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Capital funds & cash flow, Finance, Accounting and auditing, Accounting firms, Accounting services, Company financing

Northrop Grumman nets $25.7 million air node deal

Article Abstract:

Northrop Grumman Corp. has landed into a $25.7 million 17-month contract in order to support Pentagon's program to for keeping fielded communications and information systems technologies up-to-date. This contract enables Northrop Grumman Corp. to develop a battlefield airborne communications node, which will act as a communications relay and information server.

Product development, Aircraft, Technology application, Aircraft industry, Northrop Grumman Corp., Airborne electronic equipment

Pentagon needs better contract oversight: Thinktanker

Article Abstract:

Peter Singer, an author and national security fellow at The Brookings Institution in Washington, states that, the Pentagon needs to impose managerial discipline upon the burgeoning field of military contract services. The Pentagon is also inspired to address this issue.

International politics, Military policy, Defense contracts, Government contract, Defence contracts