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Tag: Government contracts

  • Dassault Aviation Rises After Ukraine Agrees to Buy 100 Rafale Fighter Jets

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    Ukraine agreed to buy 100 Rafale fighter jets as part of a larger military equipment deal that triggered a jump in the share price of the French aerospace and defense manufacturer Dassault Aviation AM 7.44%increase; green up pointing triangle.

    Ukrainian President Volodymyr Zelensky said Monday that he had signed a letter of intent to acquire 100 Rafale F4 fighter jets by 2035, SAMP/T air defense systems, radars, air-to-air-missiles and aerial bombs from France.

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    Cristina Gallardo

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  • Trump’s Big Tariff Task in Asia Is to Close the Deal

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    President Trump’s quest to reorder global trade through personal diplomacy will be tested during his tour of Asia this week, as he faces the tantalizing prospect of a pact with China and the chance to bust through obstacles to completing deals with other key trading partners.

    On Sunday, Trump won some momentum by winning tariff agreements with a handful of Southeast Asian nations. He also sounded an optimistic note on China ahead of a meeting with Chinese leader Xi Jinping planned for later this week. “I think we are going to come away with a deal,” Trump said Monday aboard Air Force One en route to Japan.

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    Jason Douglas

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  • Leaked doc reveals the chaotic politics behind Trump Energy Department cuts | TechCrunch

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    This week, the Department of Energy canceled nearly $8 billion worth of awards — a move touted by the Trump administration as an effort to protect fossil fuels at the expense of renewables. But documents obtained by TechCrunch show that the reality is more complex than that simple message.

    The agency has not released a list of the cancelled awards, but TechCrunch has obtained a copy and has analyzed the 321 contracts that the DOE is seeking to undo.

    Not all projects focused on renewable energy, though. 

    Two listed in the document, one for $300 million to Colorado State University and another for $210 million to the Gas Technology Institute, would have helped oil and gas producers large and small reduce methane emissions from their wells.

    The Gas Technology Institute is a research and development organization that mostly caters to the natural gas industry. The group had a dozen awards canceled, according to the document, totaling $417 million.

    Carbon capture and removal also took a hit, with 10 of the 21 projects canceled totaling around $200 million. Many are in Harris-voting states, though that rubric doesn’t explain the entire picture. 

    “Three categories are popping up,” Erin Burns, executive director at Carbon180, told TechCrunch. “Where are they located? Who are the partners in it? Were these projects going to move forward?”

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    It’s true that states which voted for Kamala Harris in the last presidential election were hit hardest by the move. California lost the most, with at least $2.2 billion worth of contracts cancelled. Colorado, Illinois, Massachusetts, Minnesota, and Oregon each have around half a billion dollars worth of awards that were killed, with New York State losing at least $309 million.

    Those that voted for Trump tended to have contracts canceled worth single-digit millions of dollars.

    One of the largest awards canceled was granted to the state of Minnesota for $467 million. Awarded as part of the Bipartisan Infrastructure Law in 2021, the money was intended to revamp electrical grid interconnections throughout seven states in the Midwest. When complete, it would have unlocked around 28 gigawatts of new generating capacity, mostly solar and wind. For context, the world’s data center fleet draws 58 gigawatts, according to Goldman Sachs.

    Another worth $630 million would have likewise revamped California’s electrical grid, testing advanced conductors and dynamic line rating devices to increase transmission capacity. The project effectively would have been a showcase for grid modernization that could be applied throughout the country.

    Yet another grid modernization project would have installed a transmission line to the Confederated Tribes of Warm Springs in Oregon. The tribes have roughly half a dozen renewable projects waiting on a better grid connection, which the now-canceled $250 million award would have enabled. The project would also have strung fiber-optic lines along the transmission line’s path, bringing high-speed data to a rural part of the state.

    “The recipients who have survived in blue states are perhaps more aligned with the administration and participating in industries that are more of a priority for this administration,” said Courtni Holness, managing policy advisor at Carbon180.

    Some of the smaller awards might have been nixed anyway. “That’s just how the US approaches energy innovation in general,” Burns said. “Take a lot of shots on goal because you’re not sure what’s going to move forward regionally, technologically, economically. And so you take a bunch of shots on goal at a lower cost.”

    Still others appear to be pulling up stakes to move where government support and policies are going to be more predictable, like Canada. “You’re going to see more of that, and it’s having impact on private sector investments,” Burns said.

    “I think it’s a bigger question,” Holness added, “about the stability of our Department of Energy and their ability to be a partner to U.S. businesses and have some form of predictability.”

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    Tim De Chant

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  • Federal Contracting Advisors Launches Groundbreaking Weekly Federal Foundation Insights Mastermind Webinar Series

    Federal Contracting Advisors Launches Groundbreaking Weekly Federal Foundation Insights Mastermind Webinar Series

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    Federal Contracting Advisors, a distinguished name in federal contracting, is proud to introduce its pioneering Federal Foundation Insights Weekly Mastermind Webinar Series. Launched on Oct. 11, 2023, the series represents a monumental stride toward fostering widespread education in the federal contracting arena.

    This ambitious initiative is a first in its class, offering profound insights free of charge every week, poised to elucidate the vast and intricate tapestry of federal contracting. Attendees are provided with unmatched guidance, fresh perspectives, and actionable strategies for success.

    Central to the series is Mr. Zack Larson, recognized as a federal data maestro. With an enviable legacy of aiding clients in securing over $2 billion in federal contracts, Larson’s expertise is unparalleled in the field. His keen insights have been instrumental in reshaping the trajectories of countless businesses across diverse sectors, ranging from medical supplies and construction to security and beyond.

    In the inaugural session, Larson expertly dissected the Federal Government’s Playbook for Market Research, revealing the nuanced intricacies of federal agency market research. Attendees were given a privileged peek into the internal mechanics of the federal bidding process, making it an unmissable event for those keen on mastering the federal contracting landscape.

    What sets the Federal Foundation Insights Weekly Mastermind Webinar Series apart is not just the depth of content but also the exclusive opportunities attendees are offered. Among these is the chance to access pivotal tools, such as the “Federal Market Research Roadmap.” Moreover, select attendees can avail of personalized consultations, providing bespoke guidance tailored to their industry codes and business profiles.

    Federal Contracting Advisors remains unwavering in its mission to foster continuous learning, promote networking, and facilitate growth within the federal contracting sphere. As emphasized during the series’ kickoff, “The expedition through federal contracting is a perpetual one, and Federal Contracting Advisors is at the forefront, reshaping the industry’s future.”

    The Federal Foundation Insights Weekly Mastermind Webinar Series is scheduled every Wednesday at Noon EST. To partake in this transformative experience, register at https://federalcontractingadvisors.com/webinar-mastermind-series/

    For more information, visit https://federalcontractingadvisors.com or contact Dana Blickensderfer at Dana@FederalMediaAdvisors.com today. 

    About Federal Contracting Advisors

    Federal Contracting Advisors is committed to providing our clients with the tools, knowledge, and expertise needed to succeed in the federal marketplace. Our focus on continually evolving expertise, smart strategies, building strong relationships, and fast execution with progressive results ensures that our clients receive the best possible solutions and support. 

    Disclaimer: Federal Contracting Advisors (FCA) operates as an independent, profit-driven consulting agency focused on serving small businesses and is not associated with the federal government. FCA offers resources and support to help small enterprises register and vie for federal contracts. The content provided is designed for general informational and educational purposes exclusively. The information shared should not be regarded as legal guidance, should not be acted upon as such, may be outdated, and is subject to alteration without notification.

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    Source: Federal Contracting Advisors

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  • New York Empire State factory gauge drops sharply in January signaling deep contraction in activity

    New York Empire State factory gauge drops sharply in January signaling deep contraction in activity

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    The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, tumbled 21.7 points to negative 32.9 in January, the regional Fed bank said Tuesday. 

    This is the lowest level since the worst of the pandemic in May 2020 and among the lowest levels in the survey’s history, the regional Fed bank said.

    Economists had expected a reading of negative 7, according to a survey by The Wall Street Journal.

    Any reading below zero indicates contraction.

    Key details: The new orders index fell 27.5 points to negative 31.1 in January. Shipments fell 27.7 points to negative 22.4.

    The indexes for prices paid and prices received moved lower.

    The employment gauges were also weak.

    Firms expect little improvement in coming months, with the futures index at 8.

    Big picture: The Federal Reserve’s steady increase in interest rates is having a slowing impact on capital spending as firms are scaling back investment, economists said. Demand for goods is also slowing after two strong years on the weak global economy. Added to the mix is the strong dollar which makes U.S. exports more expensive.

    The market pays attention to the Empire State index because it is seen as a early read on the national ISM manufacturing index to be released early next month.

    The ISM factory index contracted in December for the second straight month, falling to 48.4% from 49% in the prior month.

    Looking ahead: “Manufacturing conditions in the U.S. are deteriorating and the worst is likely ahead,” said Gurleen Chadha, economist at Oxford Economics.

    Market reaction: U.S. stocks
    DJIA,
    -1.14%

    SPX,
    -0.20%

    opened lower on Tuesday. The yield on the 10-year Treasury note
    TMUBMUSD10Y,
    3.489%

    retreated to 3.51% after reaching 3.57% in early morning trading.

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  • Officials probe India bridge collapse as divers comb river

    Officials probe India bridge collapse as divers comb river

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    MORBI, India — Scuba divers combed through a river in western India on Wednesday to make certain no bodies were left behind after the collapse of a newly repaired suspension bridge, as officials investigate what led to the tragedy that killed at least 135 people.

    The 143-year-old pedestrian bridge collapsed Sunday evening, sending hundreds plunging into the waters of the Machchu River in Gujarat state’s Morbi town. As rescuers continue to search through the deep and muddy waters, questions have swirled over why the bridge collapsed and who might be responsible. The bridge, built during British colonialism and touted by the state’s tourism website as an “artistic and technological marvel,” had reopened just four days earlier.

    As of Tuesday night, 196 people were rescued and all 10 of the injured were in stable condition. Officials said no one was missing according to their tally, but emergency responders and divers continued search efforts.

    “We want to be on the side of caution,” Police Inspector-General Ashok Yadav had said.

    Prime Minister Narendra Modi arrived at the site Tuesday to inspect the collapsed bridge and visit injured people at a hospital. He also chaired a meeting with officials and urged for a detailed investigation into what went wrong.

    Police have so far arrested nine people — including managers of the bridge’s operator, Oreva Group — and have begun a probe into the incident. State authorities also have a case against Oreva for suspected culpable homicide, attempted culpable homicide and other violations.

    As families mourn the dead, attention has shifted to the quality of the renovation and repair work carried out by Oreva, a group of companies known mainly for making clocks, mosquito zappers and electric bikes.

    On Tuesday evening, prosecutors told a local court that the contractors who oversaw the repair work were not qualified, Press Trust of India news agency reported.

    Citing a forensic report, the prosecution said that while the bridge’s flooring was replaced, its cable was not and so it could not bear the weight of the new flooring, causing the cable to snap.

    In March, the Morbi town government awarded a 15-year contract to to Oreva to maintain and manage the bridge. The same month, Oreva closed the bridge for seven months for repairs.

    The bridge, which spans a wide section of the Machchu river, has been repaired several times in the past and many of its original parts have been replaced over the years. It was reopened Oct. 26, the first day of the Gujarati New Year, which coincides with the Hindu festival season. The attraction drew hundreds of sightseers.

    Sandeepsinh Zala, a Morbi official, told the Indian Express newspaper the company reopened the bridge without first obtaining a “fitness certificate.” That could not be independently verified, but officials said they were investigating.

    A security video of the disaster showed it shaking violently and people trying to hold on to its cables and metal fencing before the aluminum walkway gave out and crashed into the river. The bridge split in the middle with its walkway hanging down and its cables snapped.

    It was unclear how many people were on the bridge when it collapsed. Survivors said it was so densely packed that people were unable to quickly escape when cables began to snap.

    Modi was the top elected official of Gujarat for 12 years before becoming India’s prime minister in 2014. A Gujarat state government election is expected in coming months and opposition parties have demanded a thorough investigation of the accident.

    India’s infrastructure has long been marred by safety problems, and Morbi has suffered other major disasters. In 1979, an upstream dam on the Machchu river burst, sending walls of water into the city and killing hundreds of people in one of India’s biggest dam failures.

    In 2001, thousands of people died in an earthquake in Gujarat. Morbi, 150 kilometers (90 miles) from the quake’s epicenter in Bhuj, suffered widespread damage. According to a report in the Times of India newspaper, the bridge that collapsed Sunday was also severely damaged in that earthquake.

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    Associated Press journalist Ajit Solanki contributed.

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