Latest news with #federalcontracting
Yahoo
6 days ago
- Business
- Yahoo
BigBear.ai Cuts 2025 View After Weak Q2
(NYSE:BBAI) sank about 20% after hours as a tough Q2 and a sharp guidance cut swamped the company posted a loss per share of $0.71 versus a consensus loss of $0.06. Revenue was $32.5 million, down 18% year over year and below the $40.58 million estimate. Warning! GuruFocus has detected 4 Warning Signs with BBAI. Full year 2025 revenue is now pegged at $125 million to $140 million, cut from $160 million to $180 million. Management blamed federal contracting disruptions and said recent capital raising lines up with opportunities tied to the One Big Beautiful Bill, especially at the Department of Homeland Security. CEO Kevin McAleenan said efficiency efforts have disrupted programs that support the U.S. Army as it consolidates and modernizes data architecture. That backdrop drove the guide down. sells AI powered software that helps clients analyze data, spot blind spots and predict outcomes, but near term visibility just got tougher. a big earnings miss and a sizable guide cut refocus investors on execution, award timing and next proof points are federal award flow and Q3 pacing updates that can reset confidence in 2025 targets. This article first appeared on GuruFocus.
TechCrunch
05-08-2025
- Business
- TechCrunch
US adds OpenAI, Google and Anthropic to list of approved AI vendors for federal agencies
In Brief The U.S. government has added Google, OpenAI, and Anthropic to a list of approved vendors that can offer artificial intelligence services to civilian federal agencies, Bloomberg reports. The companies will see their AI tools offered via a new federal contracting platform, the Multiple Awards Schedule (MSA), which would let government agencies access AI tool vendors with pre-negotiated contracts, rather than negotiating with vendors individually. Bloomberg reports that the General Services Administration (GSA), which is in charge of the MSA, said the tech companies were assessed on the grounds of security and performance. The news comes in the wake of executive orders by President Donald Trump focused on AI development, including the adjustment of environmental standards to boost the supply of energy for data centers, as well as a directive for federal agencies to only use AI that's 'free from ideological bias.'
.jpg%3Ftrim%3D0%2C0%2C0%2C0%26width%3D1200%26height%3D800%26crop%3D1200%3A800&w=3840&q=100)
The Independent
18-07-2025
- Business
- The Independent
Elon Musk's $9bn Neuralink told federal government it's a ‘small, disadvantaged business'
Musk, the world's richest man, co-founded Neuralink in 2016. The company works to develop brain chips that allow people to manipulate computers and other technology just by thinking. The company's profile with the Small Business Administration was last updated on April 27. The agency's website says the business attested that it was a Small Disadvantaged Business 'when registering with The SBA says it did not vet this self-certification. Neuralink's ownership structure is unclear and the company did not provide a list of principals, which includes owners, executives and other key decision makers, to the SBA. The company employs between 201 and 500 people, according to its LinkedIn page. To qualify as a Small Disadvantaged Business, the agency says a company must be majority owned and controlled by at least one person who is socially and economically disadvantaged. The agency considers someone economically disadvantaged if they have 'been impaired due to diminished capital and credit opportunities as compared to others in the same or similar line of business who are not socially disadvantaged.' The designation is created to ensure that disadvantaged small businesses gain access to opportunities federal contracting opportunities, CNBC reports. Each year, the federal government spends about 10 percent of its total annual federal contracting funds on Small Disadvantaged Businesses, the SBA says. The Justice Department has previously fined businesses for misrepresenting their status as a Small Disadvantaged Business. Neuralink co-founder Musk has a net worth of more than $412 billion. The company raised $650 million in its most recent funding round, earning buy-in from big-name investors like Peter Thiel's Founders Fund, CNBC reports. Thiel, a conservative venture capitalist, is known for co-founding PayPal with Musk and mentoring Vice President JD Vance. The Independent has contacted Neuralink for comment. Neuralink's SBA profile was last updated during the time that Musk led the Department of Government Efficiency, under the designation of a 'special government employee' of the Trump administration. Under Musk, DOGE gutted entire federal agencies, terminated thousands of contracts and laid off thousands of federal employees. Musk worked closely with Trump during this time, and was at one point considered the 'First Buddy' before the relationship blew up in a public feud last month. Since then, Musk has accused Trump of being named in the Epstein Files - but later deleted those remarks - while the president has said he'd 'take a look' at deporting the billionaire. Last year, 30-year-old Noland Arbaugh became the first person to receive a Neuralink implant. Arbaugh, who has been paralyzed from the shoulders down since 2016, told the BBC the chip has allowed him to use a computer. He's able to move the cursor by thinking about wiggling his fingers, and can even play chess and video games using the brain chip. "Honestly I didn't know what to expect, it sounds so sci-fi," Arbaugh said. Arbaugh spoke to Musk before and after the implantation surgery. The billionaire was 'just as excited as I was to get started,' Abraugh said. In January, Musk said at least three people had received Neuralink chips. The billionaire wants to implant the chips in 20 to 30 more people by the end of 2025.
Yahoo
24-06-2025
- Business
- Yahoo
Centex Technologies and Sterling Computers Corporation Form Joint Venture: Sterteck
KILLEEN, Texas and NORTH SIOUX CITY, S.D., June 24, 2025 (GLOBE NEWSWIRE) -- Centex Technologies, a four-time Inc. 5000 honoree and leading IT consulting firm, and Sterling Computers Corporation, an award-winning provider of transformative technology solutions, are proud to announce the formation of their joint venture Sterteck. This partnership follows official approval by the U.S. Small Business Administration (SBA) under the SBA Mentor-Protégé Program. The newly formed joint venture combines Centex's agility, innovation, and socio-economic status with Sterling's deep federal expertise, contract performance history, and industry buying power. Together, the firms will offer scalable, secure, and mission-focused IT services across federal and SLED/C markets. 'This milestone represents a significant step forward in expanding our federal footprint,' said Abdul Subhani, President & CEO at Centex Technologies. 'Partnering with Sterling allows us to scale our capabilities while remaining true to our mission of delivering secure, scalable, and customer-focused solutions.' 'As a company who once benefitted ourselves from the SBA's Mentor-Protégé Program,' added Brad Moore, CEO of Sterling, 'we are firm believers in the tremendous reciprocal value of engaging in such collaborations, both for the partners themselves and for the clients whom they serve. As such, we are proud to work alongside Centex and to complement our strategic differentiators—proven industry performance, elite technical resources, extensive OEM buying power—with their own, an inspiring mixture of dexterity, creative vision, and a committed, mission-centered approach.' ABOUT CENTEX TECHNOLOGIES Centex Technologies is an IT consulting firm specializing in cybersecurity, IT modernization, and digital transformation for public and private sector clients. As an ISO 9001:2015 certified and 8(a) SBA firm, Centex brings nearly 20 years of experience delivering secure, scalable, and results-driven solutions. The firm supports federal clients through contract vehicles such as GSA MAS and SeaPort NxG and serves the SLED market via Texas HUB certification and purchasing programs including DIR and TIPS. ABOUT STERLING COMPUTERS CORPORATION For nearly 30 years, Sterling has been helping customers address their most complex technology requirements. Leveraging elite internal teams and superior industry partnerships, Sterling delivers transformative solutions in Digital Workspace, Modern Infrastructure, Connectivity, Security, Cloud, and Services. Sterling's clients include a range of Federal, State and Local, Education, and Commercial entities, all of whom receive an ethical, consistent, transparent, and predictable experience when working with the firm. Likewise, the award-winning solutions provider represents over 1,500 brands and product lines, with top-level certifications from the industry's best manufacturers. No matter the scope or complexity of a requirement, Sterling is your go-to partner. Together under STERTECK, Centex and Sterling are poised to deliver world-class IT capabilities tailored to the evolving needs of government agencies. Contact Information: (254) 213-4740 mail@ A photo accompanying this announcement is available at in to access your portfolio
Wall Street Journal
01-06-2025
- Business
- Wall Street Journal
Trump Administration Targets Tech Firms as It Cuts More Contracts
The government's monthslong quest to wring savings from federal contractors is widening and entering a new phase. The next focus: tech companies. The Trump administration is moving its spending review beyond consulting firms such as Accenture ACN -0.29%decrease; red down pointing triangle and Deloitte to now scrutinize contracts at a collection of companies providing sometimes obscure technology services to federal agencies.
