CM News June Round Up

Welcome to June 5th edition of NCMA's CM News, where we bring you the latest updates and insights from the world of procurement and contract management.

This week, we look at the Space Development Agency's innovative new acquisition program, the critical need for a comprehensive AI strategy in government, the Justice Department's efforts to combat procurement fraud, key contracts advancing U.S. cybersecurity goals, and the optimism prevailing among government contractors for the coming years. Read on to stay informed about these significant developments and their implications for the contract management community.

In an exciting move for the defense sector, the Space Development Agency (SDA) has recently issued a solicitation for a new acquisition program. This initiative is designed to attract nontraditional defense contractors who will compete for prototype orders to conduct flight demonstrations in low Earth orbit (LEO). The program aims to foster innovation and enhance capabilities within the realm of space defense, marking a significant step forward in the SDA's efforts to modernize and expand its operational reach.

Meanwhile, the role of artificial intelligence (AI) in government operations is under the spotlight. Experts argue that the successful implementation of AI requires more than just compliance with existing controls. A comprehensive AI strategy is essential for unlocking AI’s full potential to improve government services and operations. This strategic approach will help ensure that AI technologies are effectively integrated into various governmental processes, driving efficiency and innovation.

The Justice Department is taking significant measures to combat procurement fraud by expanding its Procurement Fraud Strike Force. This expansion comes in response to increasing instances of federal procurement violations, including cases of bribery and kickbacks. The enhanced Strike Force aims to uphold integrity and fairness in federal procurement processes, protecting taxpayer dollars and ensuring that federal contracts are awarded based on merit and compliance with regulations.

Cybersecurity remains a top priority for the federal government, especially following the 2021 Executive Order on Improving the Nation’s Cybersecurity and the March 2023 National Cybersecurity Strategy. Three key contracts have been instrumental in advancing the US's cyber goals, emphasizing the critical need to secure the nation's digital infrastructure. These contracts are part of a broader effort to bolster national cybersecurity and safeguard against emerging threats.

On a positive note, government contractors are feeling optimistic about their prospects for 2025. A recent survey revealed that more than half of these contractors have experienced year-over-year revenue growth. This confidence is driven by a robust pipeline of opportunities and a renewed focus on innovation and efficiency within the government contracting sphere. Contractors are looking forward to a future filled with potential and growth, buoyed by favorable market conditions and increased demand for their services.

Stay informed with NCMA's CM News for the latest updates and insights in the world of contract management and government procurement. Access the full stories by clicking here or subscribe to receive our bi-weekly newsletter directly in your inbox.