Friday, October 4, 2013

No contract annoucements for now

The Pentagon stopped publicly announcing contract awards Oct. 1 because of the government shutdown, but the Pentagon is still awarding contracts. The announcements, required by law, won't resume until the shutdown ends. When it does end, the Pentagon plans to catch up. The awards notices, which reveal competitive and sometimes market-moving information, are closely followed by contractors, attorneys, investors and the media. (Source: Bloomberg, 10/04/13) Gulf Coast note: The daily Pentagon list is monitored every day by GCAC and contracts of interest to the Gulf Coast aerospace region regularly appear on this news feed.