Latest news with #GDIT
Yahoo
a day ago
- Business
- Yahoo
GDIT Awarded Mission Enhancing Enterprise Contract to Support Special Operations Forces
Company will leverage AI, cloud and cyber capabilities to enhance operational effectiveness FALLS CHURCH, Va., June 13, 2025 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today that it was awarded a foundational Information Technology Enterprise contract to support components of the U.S. Special Operations Command (SOCOM). The $396 million contract, awarded in April, has a one-year base period and four option years. SOCOM components require modernized IT networks to enable Special Operations Forces (SOF) to rapidly transfer, communicate and share operational and intelligence information, especially in contested and remote environments where speed and agility are crucial. Under this contract, GDIT will provide a full gamut of enterprise IT services that are well-integrated, flexible and adaptable to support SOF's dynamic and complex missions around the world. The company will leverage its AI capabilities to enhance operational effectiveness and improve decision making, migrate SOF to a multi-cloud environment, and implement advanced zero trust solutions to bolster cybersecurity. "Modern warfare is constantly evolving and enhancing SOF's digital capabilities is critical to mission success," said Brian Sheridan, GDIT's senior vice president for Defense. "We look forward to delivering a cutting-edge IT network that ensures our elite military units are connected to the intelligence they need to stay ahead in every mission." The contract builds on GDIT's history of delivering mission-critical IT capabilities for combatant commands. Last year, the company won a technical and mission services contract to support SOCOM and its partners. GDIT also provides digital modernization services for the U.S. Central Command and cyber services for the U.S. Southern Command. GDIT is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 110,000 people worldwide and generated $47.7 billion in revenue in 2024. More information about General Dynamics Information Technology is available at More information about General Dynamics is available at View original content to download multimedia: SOURCE General Dynamics
Yahoo
02-04-2025
- Business
- Yahoo
DOGE's claimed contract savings of $24.8 billion are ‘overstated,' Bank of America says
DOGE's cost-cutting claims aren't adding up. According to Bank of America Securities analysts, the team's reported $24.8 billion in savings is "overstated." DOGE has previously miscalculated contract values, with some numbers inflated by billions. DOGE's savings from canceled or renegotiated contracts appear to be "overstated," according to a note from Bank of America Securities. The cost-cutting team claims to have saved around $24.8 billion in contract cancellations and renegotiations as of March 30, up from $21.6 billion last week. The BoA analysts noted that much of the jump appeared to come from a $2.9 billion contract cancellation for an unaccompanied childcare facility near the southern border. Savings connected to the Department of the Interior, which manages federal lands, are now $3.0 billion, up from $144 million last week. DOGE also claimed credit for $4.1 million in savings from General Dynamics' IT support contract for the Office of Medicare Hearings and Appeals' electronic appeal portal. Overall, the team's cuts have affected around $93 million in annual General Dynamics IT (GDIT) contracts, but analysts say this is still a relatively small change and only represents 0.7% of GDIT's total revenue. They also noted that, despite the cuts, GDIT has won $33.1 million in new contracts since Jan. 20. DOGE also appears to have exaggerated its savings elsewhere. The team says it saved $9.1 million by cutting a CAE contract for flight simulator maintenance; however, the company had received less than $40,000 in payments from this contract in the last three years, so the real impact is small. Experts told Fortune that, in cases like these, DOGE appeared to misunderstand how government contracts work, leading to inflated values. Government contracts sometimes have "ceiling values" that are far beyond what would actually have been spent. Bank of America analysts also noted that the Department of Defense, which receives a significant portion of federal spending, remained largely unaffected. DOGE's reported savings from DoD contracts remain at $14.1 million, unchanged since March 24. USAID accounts for half of DOGE's claimed savings, but many of the contract details have been deleted from the team's "Wall of Receipts," making it harder to independently verify the savings. Representatives for DOGE did not immediately respond to a request for comment from Fortune, made outside normal working hours. Elon Musk's cost-cutting initiative, DOGE, wants to cut $1 trillion in federal spending by the end of the year, but many of the team's savings claims have been found to be drastically overstated. The team's accounting has failed to hold up under constant scrutiny from media outlets and experts, while the public Wall of Receipts has been riddled with errors. The team has deleted several contracts from its Wall of Receipts after media reports undermined their legitimacy. In one case, DOGE had to revise its largest contract down from $8 billion to $8 million after the contract's vendor explained that the $8 billion figure listed on its procurement record was likely a clerical error. In another instance, the team removed its largest claimed saving—a $1.9 billion contract with software company Centennial Technologies—after a report from the New York Times revealed that the contract was canceled under the Biden administration, not by DOGE. The team later re-added the contract to its savings list. A previous analysis by Fortune also found that total savings on DOGE's Wall of Receipts were inflated or significantly rounded up. For example, last month, the team claimed to have saved approximately $20 billion from 5,356 contract terminations, but the total savings listed on those contracts only added up to $17.97 billion—more than $2 billion short. This story was originally featured on
Yahoo
14-03-2025
- Business
- Yahoo
GDIT Announces Strategic Collaboration Agreement with AWS
Collaboration will deliver comprehensive cloud, AI and cybersecurity solutions to drive digital modernization, deliver efficiencies and advance government missions FALLS CHURCH, Va., March 14, 2025 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics, announced today that it has expanded its technology partnership with Amazon Web Services (AWS) through a new Strategic Collaboration Agreement to drive digital modernization, deliver efficiencies and advance government missions. GDIT and AWS will collaborate to develop cutting-edge cybersecurity, artificial intelligence, cloud migration and modernization solutions to accelerate digital transformation for defense, intelligence and civilian agencies. Government agencies will benefit from AWS's cloud computing environment, widely considered to be one of the most secure available today, to support their unique missions. GDIT will leverage its research and development labs to collaborate with AWS on emerging technologies such as quantum, edge computing and high-performance computing. GDIT will combine its decades of mission and technology experience with AWS's cloud offerings to solve complex government challenges. The companies will work closely with customers to identify new use cases and rapidly develop proofs of concept and solutions for a wide variety of missions. These will include: Bolstering cybersecurity for defense agencies Enhancing real-time intelligence Improving healthcare outcomes Reducing fraud, waste and abuse at civilian agencies Advancing high-performance computing research "As government and national security priorities evolve rapidly, federal agencies need industry partners to bring more to their missions," said Ben Gianni, GDIT's senior vice president and chief technology officer. "GDIT and AWS share a common vision of how to harness advanced technologies to drive innovation, efficiency and mission impact. This agreement marks a new, exciting phase in our ongoing partnership with AWS, and we look forward to delivering cost-effective and differentiated solutions to our customers." "GDIT's collaboration with AWS will advance the modernization and efficiency of our U.S. Federal customers at a critical time of government digital transformation," said David Appel, vice president of U.S. Federal at AWS. "Our new agreement will deliver AWS's advanced cloud services, including generative AI solutions with Amazon Bedrock, NOVA, and Q, to federal agencies working on some of America's most important missions. Together, our companies continue to drive secure, scalable, and cost-effective solutions in defense, intelligence, and citizen services that enhance American AI leadership at home and abroad." As one of the largest providers of cloud services to the U.S. government, GDIT operates hundreds of active cloud programs across government agencies. The company's cloud practice includes thousands of professionals who support agencies to migrate and manage some of the most sensitive workloads in highly regulated environments. This agreement builds on GDIT's existing position as an AWS Premier Consulting Partner and is a key part of the company's technology investment strategy launched in 2023, which emphasized deepening relationships with commercial technology companies to advance innovation. General Dynamics (NYSE:GD) is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 110,000 people worldwide and generated $47.7 billion in revenue in 2024. More information about General Dynamics Information Technology is available at More information about General Dynamics is available at View original content to download multimedia: SOURCE General Dynamics
